Convert AED to MTX | Live Matrix (matrix.app) Calculator
AED to MTX price chart
AED to Matrix (matrix.app) 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 Matrix (matrix.app)
Matrix (matrix.app) price conversion tables
Saudi Arabian Riyal | |
|---|---|
1 | 127.1959 |
2 | 254.3919 |
3 | 381.5879 |
5 | 635.9799 |
10 | 1,271.9599 |
25 | 3,179.8997 |
50 | 6,359.7995 |
100 | 12,719.599 |
1,000 | 127,195.99 |
Saudi Arabian Riyal | |
|---|---|
1 | 0.007861 |
5 | 0.0393 |
10 | 0.07861 |
20 | 0.1572 |
50 | 0.393 |
100 | 0.7861 |
200 | 1.5723 |
500 | 3.9309 |
1,000 | 7.8618 |
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Saudi Arabian Riyal to Matrix (matrix.app) performance history
Today vs. 24 hours ago
AED (Saudi Arabian Riyal) | Today at 8:40 PM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 AED | 0.00791 MTX | 0.007723 MTX | +2.35% |
| 5 AED | 0.03955 MTX | 0.03861 MTX | +2.35% |
| 10 AED | 0.0791 MTX | 0.07723 MTX | +2.35% |
| 50 AED | 0.3955 MTX | 0.3861 MTX | +2.35% |
| 100 AED | 0.791 MTX | 0.7723 MTX | +2.35% |
| 1,000 AED | 7.9101 MTX | 7.7237 MTX | +2.35% |
Today vs. 30 Days ago
AED (Saudi Arabian Riyal) | Today at 8:40 PM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 AED | 0.00791 MTX | 0.008476 MTX | -7.16% |
| 5 AED | 0.03955 MTX | 0.04238 MTX | -7.16% |
| 10 AED | 0.0791 MTX | 0.08476 MTX | -7.16% |
| 50 AED | 0.3955 MTX | 0.4238 MTX | -7.16% |
| 100 AED | 0.791 MTX | 0.8476 MTX | -7.16% |
| 1,000 AED | 7.9101 MTX | 8.476 MTX | -7.16% |
Today vs. 1 Year ago
AED (Saudi Arabian Riyal) | Today at 8:40 PM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 AED | 0.00791 MTX | 0.007679 MTX | +2.91% |
| 5 AED | 0.03955 MTX | 0.03839 MTX | +2.91% |
| 10 AED | 0.0791 MTX | 0.07679 MTX | +2.91% |
| 50 AED | 0.3955 MTX | 0.3839 MTX | +2.91% |
| 100 AED | 0.791 MTX | 0.7679 MTX | +2.91% |
| 1,000 AED | 7.9101 MTX | 7.6799 MTX | +2.91% |