AED to PEN

AED - United Arab Emirates Dirham (د.إ.‏)
PEN - Peruvian Sol (S/)
1 AED1 PEN

Currency conversion rates from AED to PEN

AEDPEN
1 AED1 PEN
5 AED5 PEN
10 AED10 PEN
20 AED20 PEN
50 AED50 PEN
100 AED100 PEN
250 AED250 PEN
500 AED500 PEN
1000 AED1000 PEN
2000 AED2000 PEN
5000 AED5000 PEN
10000 AED10000 PEN
PENAED
1 PEN1 AED
5 PEN5 AED
10 PEN10 AED
20 PEN20 AED
50 PEN50 AED
100 PEN100 AED
250 PEN250 AED
500 PEN500 AED
1000 PEN1000 AED
2000 PEN2000 AED
5000 PEN5000 AED
10000 PEN10000 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)


PEN - Peruvian Sol (S/.)

Peruvian Sol

The Nuevo Sol is the currency of Peru. It is subdivided into one hundred centimos. The name is derived from Peru's historic currency; the Sol was used during the 19th century until 1985. The origin of the word was from the Latin word solidus, but the name is also related to the Spanish solar.

The Peruvian Nuevo Sol is the currency in Peru (PE, PER). The symbol for PEN can be written S. The Peruvian Nuevo Sol is divided into 100 centimos. The exchange rate for the Peruvian Nuevo Sol was last updated on May 22, 2019 from The International Monetary Fund. The PEN conversion factor has 6 significant digits.

Economy

  • Peru is a developing economy that is market-oriented, characterized by an increasing degree of overseas trade but also an excessive degree of inequality.
  • The financial system of Peru is the forty-second largest in the world.
  • Its economic system is diverse even though the merchandise exports is needed, the commerce and business are located in Lima however the agricultural exports was able to create progress in all of the regions.
  • From the past, the country's financial administration is tied to exports that give exhausting currency to finance imports and exterior debt payments.
  • Peru's essential exports are zinc, copper, gold, chemicals, textiles, prescribed drugs, equipment, manufactures, fish meal and companies; its main commerce companions are the China, United States, Brazil, Chile and European Union.

History

  • Peruvian Nuevo Sol is one of the crucial steady and reliable currencies and also being the currency that is least affected by the weak greenback world tendency at that time.
  • In 1980s, there was a dangerous state of economy and hyperinflation in the federal government and was therefore pressured to desert the inti that was introduced Nuevo Sol being the country’s new banknote.
  • Cash denominated within the appended unit have been brought in on October 1, 1991 adding the primary currency on November 13, 1991.
  • Since the brand-new foreign money was implementing, it has staggered to maintain up a secure alternate rate from 2.3 to 3.65 Nuevo Soles per Dollar.

More information about PEN - Peruvian Sol (S/.)