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AED to KONET price chart
AED to KONET exchange rate
About Saudi Arabian Riyal (AED)
What Is the United Arab Emirates Dirham (AED)?
The UAE dirham (AED) is the official currency of the United Arab Emirates. Issued by the Central Bank of the UAE, it is subdivided into 100 fils and has been pegged to the US dollar at roughly 3.6725 AED per USD since 1997. This fixed exchange-rate policy provides strong exchange-rate stability. The UAE's economy is heavily based on oil and gas exports, and as one of the Gulf's major financial hubs, the dirham is widely used in international trade and finance in the region. These factors make the AED a reliable medium of exchange for both domestic commerce and cross-border transactions in the Middle East.
Why Is the UAE Dirham Considered a Stable Currency?
The AED's stability stems largely from its USD peg and the UAE's strong economic fundamentals. The fixed peg to the dollar and prudent monetary policies by the Central Bank help keep inflation low and exchange rates steady. The UAE's large foreign reserves and diversified economy (beyond oil) further bolster confidence. As a result, the dirham is one of the most stable currencies globally, benefiting from the country's fiscal prudence and investor trust. In practice, the peg ensures that the AED experiences very little fluctuation, which underpins financial stability and investor confidence in the UAE's markets.
How to convert Saudi Arabian Riyal to KONET
KONET price conversion tables
Saudi Arabian Riyal | |
|---|---|
1 | 0.01673 |
2 | 0.03346 |
3 | 0.0502 |
5 | 0.08367 |
10 | 0.1673 |
25 | 0.4183 |
50 | 0.8367 |
100 | 1.6734 |
1,000 | 16.7341 |
Saudi Arabian Riyal | |
|---|---|
1 | 59.7579 |
5 | 298.7895 |
10 | 597.579 |
20 | 1,195.158 |
50 | 2,987.8951 |
100 | 5,975.7903 |
200 | 11,951.5807 |
500 | 29,878.9519 |
1,000 | 59,757.9039 |
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Saudi Arabian Riyal to KONET performance history
Today vs. 24 hours ago
AED (Saudi Arabian Riyal) | Today at 1:05 AM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 AED | 59.7728 KONET | 62.5 KONET | -4.57% |
| 5 AED | 298.8643 KONET | 312.5 KONET | -4.57% |
| 10 AED | 597.7286 KONET | 625 KONET | -4.57% |
| 50 AED | 2,988.6431 KONET | 3,125 KONET | -4.57% |
| 100 AED | 5,977.2863 KONET | 6,250 KONET | -4.57% |
| 1,000 AED | 59,772.8631 KONET | 62,500 KONET | -4.57% |
Today vs. 30 Days ago
AED (Saudi Arabian Riyal) | Today at 1:05 AM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 AED | 59.7728 KONET | 15.3822 KONET | +74.26% |
| 5 AED | 298.8643 KONET | 76.9112 KONET | +74.26% |
| 10 AED | 597.7286 KONET | 153.8224 KONET | +74.26% |
| 50 AED | 2,988.6431 KONET | 769.1124 KONET | +74.26% |
| 100 AED | 5,977.2863 KONET | 1,538.2248 KONET | +74.26% |
| 1,000 AED | 59,772.8631 KONET | 15,382.2488 KONET | +74.26% |
Today vs. 1 Year ago
AED (Saudi Arabian Riyal) | Today at 1:05 AM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 AED | 59.7728 KONET | 10.6145 KONET | +82.24% |
| 5 AED | 298.8643 KONET | 53.07292 KONET | +82.24% |
| 10 AED | 597.7286 KONET | 106.1458 KONET | +82.24% |
| 50 AED | 2,988.6431 KONET | 530.7292 KONET | +82.24% |
| 100 AED | 5,977.2863 KONET | 1,061.4584 KONET | +82.24% |
| 1,000 AED | 59,772.8631 KONET | 10,614.5844 KONET | +82.24% |