AED to MOP

AED - United Arab Emirates Dirham (د.إ.‏)
MOP - Macanese Pataca (MOP$)
1 AED1 MOP

Currency conversion rates from AED to MOP

AEDMOP
1 AED1 MOP
5 AED5 MOP
10 AED10 MOP
20 AED20 MOP
50 AED50 MOP
100 AED100 MOP
250 AED250 MOP
500 AED500 MOP
1000 AED1000 MOP
2000 AED2000 MOP
5000 AED5000 MOP
10000 AED10000 MOP
MOPAED
1 MOP1 AED
5 MOP5 AED
10 MOP10 AED
20 MOP20 AED
50 MOP50 AED
100 MOP100 AED
250 MOP250 AED
500 MOP500 AED
1000 MOP1000 AED
2000 MOP2000 AED
5000 MOP5000 AED
10000 MOP10000 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)


MOP - Macanese Pataca (MOP)

Macanese Pataca

The Pataca is Macau’s official currency. The currency board system in Macau issues Macanese Pataca, which are 100% backed by the foreign exchange reserves of the Hong Kong Dollar. In addition, the Monetary Authority of Macau is responsible for issuing and exchanging patacas against demand for the Hong Kong Dollar at fixed rates without limits.

The Macau Pataca is the currency in Macau (MO, MAC). The symbol for MOP can be written P. The Macau Pataca is divided into 100 avos. The exchange rate for the Macau Pataca was last updated on May 24, 2019 from Yahoo Finance. The MOP conversion factor has 5 significant digits.

Economy

  • Macau’s economy has had vigorous growth in recent years, due mainly to its growing transportation, tourism, and gaming sectors.
  • According to Foreign Direct Investment, Macau’s casino industry is making Macau the world’s largest gaming center.
  • Macau’s growing casinos, together with China’s decision to loosen travel restrictions, has boosted Macau’s transportation and tourism industry.
  • In 2005, Macau’s customary textile trading industry has gradually shifted to China, due to the expiry of the Multi-Fiber Agreement.
  • The tariff-free movement of goods from Macau to China was made possible by a Closer Economic Partnership Agreement signed by both countries.

History

  • In 1894, the Pataca was introduced in Macau and Portuguese Timor, but was not an official currency.
  • Until the end of the 19th century, the only circulating coins used in Macau were British silver trade dollars of Hong Kong silver, Mexican Dollars, and the fractional coinage of Canton and the Straits Settlements.
  • In 1901, the Macau government decided to launch Macau’s official currency. The Banco Nacional Ultramarino was granted the right to issue legal banknotes in Patacas.
  • On January 27, 1906, Pataca banknotes in denominations of 1, 5, 50, and 100 were introduced, and the Pataca became the only official currency in Macau.
  • The first Macau coinage was introduced in 1952. A year later the last coins minted by East Timor were released.

More information about MOP - Macanese Pataca (MOP)