AED to MMK

AED - United Arab Emirates Dirham (د.إ.‏)
MMK - Myanmar Kyat (K)
1 AED1 MMK

Currency conversion rates from AED to MMK

AEDMMK
1 AED1 MMK
5 AED5 MMK
10 AED10 MMK
20 AED20 MMK
50 AED50 MMK
100 AED100 MMK
250 AED250 MMK
500 AED500 MMK
1000 AED1000 MMK
2000 AED2000 MMK
5000 AED5000 MMK
10000 AED10000 MMK
MMKAED
1 MMK1 AED
5 MMK5 AED
10 MMK10 AED
20 MMK20 AED
50 MMK50 AED
100 MMK100 AED
250 MMK250 AED
500 MMK500 AED
1000 MMK1000 AED
2000 MMK2000 AED
5000 MMK5000 AED
10000 MMK10000 AED

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

  • The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
  • Natural gas and petroleum exports play an important role in the economy.
  • The service sector is also an important source of income.
  • Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
  • The United Arab Emirates is part of the World Trade Organization.
  • Imports are machinery, manufactured goods, and transport equipment.
  • In 2009, 85% of exports were natural resources.
  • The United Arab Emirates has the fastest-growing economy in the world.

History

  • The original currency in the United Arab Emirates was the Bahraini Dinar.
  • Before 1966 the United Arab Emirates used the Gulf Rupee.
  • The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
  • From 1973 to 1982 the United Arab Emirates issued the Dirham.
  • In 1976 the United Arab Emirates minted commemorative coins.
  • In the late 1980s a fixed rate was established between the Dirham and the USD.
  • 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
  • In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)


MMK - Myanmar Kyat (K)

Myanmar Kyat

The Myanmar Kyat is the official currency unit of Myanmar. Although the Kyat is subdivided into 100 pyas, pya coins are limited; banknotes of up to 1,000 Kyat are mainly used. Though the official exchange rate has remained at 7 Kyats = 1 US Dollar, the Kyat is known for its widely variable rate, which can go as high as 1,000 Kyats per USD.

The Myanmar Kyat is the currency in Myanmar (Burma, MM, MMR). The symbol for MMK can be written K. The Myanmar Kyat is divided into 100 pyas. The exchange rate for the Myanmar Kyat was last updated on May 24, 2019 from Yahoo Finance. The MMK conversion factor has 5 significant digits.

Economy

  • The economy of Myanmar consists mostly of its production and services sectors.
  • The agricultural sector contributes the largest percentage of the GDP. The next highest sectors are manufacturing and processing, livestock, and fishery.
  • The agricultural sector is the core of the economy; it accounts for one-third of the GDP and almost half of the foreign exchange earnings.
  • The largest foreign investments in Myanmar are in manufacturing, hotels and tourism, oil and gas, and mining. Singapore is the main foreign investor.

History

  • The first Kyat was issued in both gold and silver coins in Burma until 1889. Apparently, 16 silver Kyats were equal to 1 gold Kyat. The value of the silver Kyat was equal to the Indian Rupee, which replaced the Kyat when Burma was conquered by the British.
  • The Rupee was introduced when Burma was ruled under the Japanese in 1942. In 1943 the Kyat currency was reintroduced to replace the Rupee. Then the Kyat was unvalued after the end of the war, when the Rupee returned to circulation.
  • The current Kyat used in Myanmar was introduced on July 1, 1952, and remained in circulation until 1989. During that time, old banknotes were withdrawn due to inflation and the reduction of its value.

More information about MMK - Myanmar Kyat (K)