Convert AED to MDF | Live MatrixETF Calculator
AED to MDF price chart
AED to MatrixETF 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 MatrixETF
MatrixETF price conversion tables
Saudi Arabian Riyal | |
|---|---|
1 | 0.0007172 |
2 | 0.001434 |
3 | 0.002151 |
5 | 0.003586 |
10 | 0.007172 |
25 | 0.01793 |
50 | 0.03586 |
100 | 0.07172 |
1,000 | 0.7172 |
Saudi Arabian Riyal | |
|---|---|
1 | 1,394.2349 |
5 | 6,971.1745 |
10 | 13,942.349 |
20 | 27,884.6981 |
50 | 69,711.7454 |
100 | 139,423.4908 |
200 | 278,846.9816 |
500 | 697,117.4541 |
1,000 | 1,394,234.9083 |
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Saudi Arabian Riyal to MatrixETF performance history
Today vs. 24 hours ago
AED (Saudi Arabian Riyal) | Today at 12:39 PM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 AED | 1,394.3112 MDF | 1,339.4053 MDF | +3.93% |
| 5 AED | 6,971.556 MDF | 6,697.02652 MDF | +3.93% |
| 10 AED | 13,943.1121 MDF | 13,394.05304 MDF | +3.93% |
| 50 AED | 69,715.5605 MDF | 66,970.2652 MDF | +3.93% |
| 100 AED | 139,431.121 MDF | 133,940.5304 MDF | +3.93% |
| 1,000 AED | 1,394,311.2102 MDF | 1,339,405.304 MDF | +3.93% |
Today vs. 30 Days ago
AED (Saudi Arabian Riyal) | Today at 12:39 PM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 AED | 1,394.3112 MDF | 902.527 MDF | +35.27% |
| 5 AED | 6,971.556 MDF | 4,512.6353 MDF | +35.27% |
| 10 AED | 13,943.1121 MDF | 9,025.2707 MDF | +35.27% |
| 50 AED | 69,715.5605 MDF | 45,126.3537 MDF | +35.27% |
| 100 AED | 139,431.121 MDF | 90,252.7075 MDF | +35.27% |
| 1,000 AED | 1,394,311.2102 MDF | 902,527.07581 MDF | +35.27% |
Today vs. 1 Year ago
AED (Saudi Arabian Riyal) | Today at 12:39 PM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 AED | 1,394.3112 MDF | 634.1154 MDF | +54.52% |
| 5 AED | 6,971.556 MDF | 3,170.577 MDF | +54.52% |
| 10 AED | 13,943.1121 MDF | 6,341.154 MDF | +54.52% |
| 50 AED | 69,715.5605 MDF | 31,705.7704 MDF | +54.52% |
| 100 AED | 139,431.121 MDF | 63,411.5409 MDF | +54.52% |
| 1,000 AED | 1,394,311.2102 MDF | 634,115.409 MDF | +54.52% |