AED to SGD

AED - United Arab Emirates Dirham (د.إ.‏)
SGD - Singapore Dollar ($)
1 AED1 SGD

Currency conversion rates from AED to SGD

AEDSGD
1 AED1 SGD
5 AED5 SGD
10 AED10 SGD
20 AED20 SGD
50 AED50 SGD
100 AED100 SGD
250 AED250 SGD
500 AED500 SGD
1000 AED1000 SGD
2000 AED2000 SGD
5000 AED5000 SGD
10000 AED10000 SGD
SGDAED
1 SGD1 AED
5 SGD5 AED
10 SGD10 AED
20 SGD20 AED
50 SGD50 AED
100 SGD100 AED
250 SGD250 AED
500 SGD500 AED
1000 SGD1000 AED
2000 SGD2000 AED
5000 SGD5000 AED
10000 SGD10000 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)


SGD - Singapore Dollar (S$)

The Singapore dollar is the official currency of Singapore. Its symbol is normally shown as $, although S$ is also used to avoid confusion with other dollar currencies. Its currency code is SGD. The dollar is fiat money and is considered the second-best currency for long-term investors (just after the New Zealand dollar). The most popular Singapore dollar exchange is with the Indian rupee. The dollar’s conversion factor has 6 significant digits.

The Singapore Dollar is the currency of the island state of Singapore. The currency is issued and monitored by the Monetary Authority of Singapore. All issued Singapore Dollars in circulation are fully backed by Singapore’s foreign reserves to maintain public confidence.

The Singapore Dollar is the currency in Singapore (SG, SGP). The symbol for SGD can be written S$, and SGD$. The Singapore Dollar is divided into 100 cents. The exchange rate for the Singapore Dollar was last updated on Today from The International Monetary Fund. The SGD conversion factor has 6 significant digits.

Economy

  • Highly urbanized Singapore ranks in the world’s top five as a financial center, an oil refining center, a port, and for number of US Dollar at par millionaire households per capita.
  • Singapore’s free-market economy operates in an open and corruption-free environment with stable prices and high per-capita GDP.
  • Singapore’s economy depends heavily on exports, which include consumer electronics, information technology products, pharmaceuticals, and financial services.
  • Real GDP growth is strong. It contracted slightly in 2009 because of the global financial crisis, but has since rebounded on the strength of renewed exports.

History

  • Singapore used the Straits Dollar from 1845 and 1939. It was replaced by the Malayan Dollar, which in turn was replaced by the Malaya and British Borneo Dollar in 1953. Singapore used this common currency until the monetary union between Malaysia, Singapore and Brunei broke down in 1965.
  • Singapore became independent in 1963, and issued its first coins and notes on April 7, 1967. The Singapore dollar remained at par with the Malaysian Ringgit until 1973.
  • Singapore pegged its dollar to British Pound Sterling until the early 1970s, then to the US Dollar for a short period of time. From 1973 to 1985, Singapore pegged its currency against a fixed and undisclosed trade-weighted basket of currencies, reflecting its diversified trade links.
  • From 1985 onwards, the Singapore Dollar has floated within an undisclosed bandwidth, closely monitored by the Monetary Authority of Singapore (MAS) to guard against imported inflation and ensure that Singapore's exports remain competitive.

More information about SGD - Singapore Dollar (S$)