AED to NOK

AED - United Arab Emirates Dirham (د.إ.‏)
NOK - Norwegian Krone (kr)
1 AED1 NOK

Currency conversion rates from AED to NOK

AEDNOK
1 AED1 NOK
5 AED5 NOK
10 AED10 NOK
20 AED20 NOK
50 AED50 NOK
100 AED100 NOK
250 AED250 NOK
500 AED500 NOK
1000 AED1000 NOK
2000 AED2000 NOK
5000 AED5000 NOK
10000 AED10000 NOK
NOKAED
1 NOK1 AED
5 NOK5 AED
10 NOK10 AED
20 NOK20 AED
50 NOK50 AED
100 NOK100 AED
250 NOK250 AED
500 NOK500 AED
1000 NOK1000 AED
2000 NOK2000 AED
5000 NOK5000 AED
10000 NOK10000 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)


NOK - Norwegian Krone (kr)

The Norwegian krone is the exclusive currency of Norway and its independent territories. As of 2016, the Norwegian krone was the 14th most traded currency in the world. It is most commonly traded for euros. The krone is considered a fiat currency.

The Kroner is the official currency of Norway. It is subdivided into 100 øre. The name translates into the English word crown.

The Norwegian Krone is the currency in Norway (NO, NOR, Dronning Maud Land), and Svalbard and Jan Mayen Islands (SJ, SJM). The Norwegian Krone is also known as Krones, and Krona. The symbol for NOK can be written NKr. The Norwegian Krone is divided into 100 ore. The exchange rate for the Norwegian Krone was last updated on Today from The International Monetary Fund. The NOK conversion factor has 6 significant digits.

Economy

  • Norway’s economy is well-developed, with heavy state ownership in planned parts of the economy. The economy has shown vigorous growth since the beginning of the industrial period.
  • Shipping has been a long-term support of the export sector, but its economic development has been stimulated by the profusion of natural resources, which include hydroelectric power, fisheries, petroleum exploration, and manufacture.
  • Agriculture and manufacturing have experienced decline, in contrast to the oil industries and other services. The public sector is one of the largest in the world in terms of the overall percentage of GDP.
  • Norway has both a very high standard of living and a strong welfare structure, unlike other European countries.

History

  • The Kroner was first introduced in 1875 to replace the Norwegian Speciedaler, at a fixed rate of 4 Kroner = 1 Speciedaler. This pushed Norway to join the Scandinavian Monetary Union, which was established in 1873.
  • The Scandinavian Monetary Union continued until 1914; after its suspension, Sweden, Norway, and Denmark decided to keep the names of their respective currencies.
  • In December 1992 the Norges Bank (the central bank of Norway) discarded the fixed exchange rate, due to heavy speculation against the Kroner. The restatement of the exchange rate led to a shortfall of approximately 2 billion Kroner for foreign coinage reserves of the Norwegian Central Bank.

More information about NOK - Norwegian Krone (kr)