AED to NZD

AED - United Arab Emirates Dirham (د.إ.‏)
NZD - New Zealand Dollar ($)
1 AED1 NZD

Currency conversion rates from AED to NZD

AEDNZD
1 AED1 NZD
5 AED5 NZD
10 AED10 NZD
20 AED20 NZD
50 AED50 NZD
100 AED100 NZD
250 AED250 NZD
500 AED500 NZD
1000 AED1000 NZD
2000 AED2000 NZD
5000 AED5000 NZD
10000 AED10000 NZD
NZDAED
1 NZD1 AED
5 NZD5 AED
10 NZD10 AED
20 NZD20 AED
50 NZD50 AED
100 NZD100 AED
250 NZD250 AED
500 NZD500 AED
1000 NZD1000 AED
2000 NZD2000 AED
5000 NZD5000 AED
10000 NZD10000 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)


NZD - New Zealand Dollar ($)

The New Zealand dollar is the official currency of New Zealand. The currency code for the New Zealand dollar is NZD. Its symbol is usually written as $, and sometimes NZ$ is used to distinguish it from other currencies that use the same sign. Informal nicknames for the New Zealand dollar are ‘kiwi’ and ‘buck’. A kiwi is a bird indigenous to New Zealand and is featured on the $1 coin. New Zealanders are also colloquially called ‘kiwis’.

The New Zealand Dollar is the official currency of New Zealand. The currency also circulates in the Tokelau, Pitcairn Islands, Niue, and Cook Islands. The New Zealand Dollar is informally called the kiwi, as kiwi are usually connected with New Zealand, and the $1 coin has a kiwi on it.

The New Zealand Dollar is the currency in New Zealand (NZ, NZL), Cook Islands (CK, COK), Niue (NU, NIU), Pitcairn (PN, PCN), and Tokelau (TK, TKL). The symbol for NZD can be written NZ$. The New Zealand Dollar is divided into 100 cents. The exchange rate for the New Zealand Dollar was last updated on Today from The International Monetary Fund. The NZD conversion factor has 6 significant digits.

Economy

  • New Zealand has a market economy that is greatly dependent on international trade, mainly with Australia, the European Union, the United States, China, and Japan.
  • It has only small manufacturing and high-tech sectors, as it is mainly focused on tourism and primary industries like agriculture.
  • Free-market reforms of the last decades have removed many barriers to foreign investment, and in 2005 the World Bank praised New Zealand for being the most business-friendly country in the world, ahead of Singapore.
  • Traditionally, the economy was based on a narrow range of primary products, such as wool, meat, and dairy products. Due to the high demand for these products, such as in the New Zealand wool boom of 1951, the country has enjoyed a high standard of living.
  • However, commodity prices for these exports declined, and New Zealand lost its preferential trading position with the United Kingdom in 1973, due to the latter joining the European Economic Community.

History

  • The Pound was New Zealand’s currency before the New Zealand Dollar was introduced.
  • In 1957, the New Zealand government set up a group to investigate decimal currency, and in 1963 the government decided to decimalize the New Zealand currency.
  • In 1964, the Decimal Currency Act was approved, and the transition took place on July 10, 1967. On the same date, the New Zealand Dollar was introduced, replacing the Pound at a rate of 2 Dollars = 1 Pound.

More information about NZD - New Zealand Dollar ($)