Convert AED to OVN | Live Overnight Calculator
AED to OVN price chart
AED to Overnight 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 Overnight
Overnight price conversion tables
Saudi Arabian Riyal | |
|---|---|
1 | 4.2968 |
2 | 8.5936 |
3 | 12.8904 |
5 | 21.4841 |
10 | 42.9682 |
25 | 107.4206 |
50 | 214.8412 |
100 | 429.6825 |
1,000 | 4,296.825 |
Saudi Arabian Riyal | |
|---|---|
1 | 0.2327 |
5 | 1.1636 |
10 | 2.3272 |
20 | 4.6545 |
50 | 11.6364 |
100 | 23.2729 |
200 | 46.5459 |
500 | 116.3649 |
1,000 | 232.7299 |
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Saudi Arabian Riyal to Overnight performance history
Today vs. 24 hours ago
AED (Saudi Arabian Riyal) | Today at 1:29 PM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 AED | 0.2325 OVN | 0.2288 OVN | +1.60% |
| 5 AED | 1.1627 OVN | 1.1441 OVN | +1.60% |
| 10 AED | 2.3255 OVN | 2.2883 OVN | +1.60% |
| 50 AED | 11.6279 OVN | 11.4416 OVN | +1.60% |
| 100 AED | 23.2558 OVN | 22.8832 OVN | +1.60% |
| 1,000 AED | 232.5581 OVN | 228.8329 OVN | +1.60% |
Today vs. 30 Days ago
AED (Saudi Arabian Riyal) | Today at 1:29 PM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 AED | 0.2325 OVN | 0.2347 OVN | -0.94% |
| 5 AED | 1.1627 OVN | 1.1737 OVN | -0.94% |
| 10 AED | 2.3255 OVN | 2.3474 OVN | -0.94% |
| 50 AED | 11.6279 OVN | 11.737 OVN | -0.94% |
| 100 AED | 23.2558 OVN | 23.4741 OVN | -0.94% |
| 1,000 AED | 232.5581 OVN | 234.7417 OVN | -0.94% |
Today vs. 1 Year ago
AED (Saudi Arabian Riyal) | Today at 1:29 PM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 AED | 0.2325 OVN | 0.3802 OVN | -63.50% |
| 5 AED | 1.1627 OVN | 1.9011 OVN | -63.50% |
| 10 AED | 2.3255 OVN | 3.8022 OVN | -63.50% |
| 50 AED | 11.6279 OVN | 19.0114 OVN | -63.50% |
| 100 AED | 23.2558 OVN | 38.02281 OVN | -63.50% |
| 1,000 AED | 232.5581 OVN | 380.2281 OVN | -63.50% |