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AED to PSP price chart
AED to ParaSwap 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 ParaSwap
ParaSwap price conversion tables
Saudi Arabian Riyal | |
|---|---|
1 | 0.004153 |
2 | 0.008307 |
3 | 0.01246 |
5 | 0.02076 |
10 | 0.04153 |
25 | 0.1038 |
50 | 0.2076 |
100 | 0.4153 |
1,000 | 4.1535 |
Saudi Arabian Riyal | |
|---|---|
1 | 240.7551 |
5 | 1,203.7757 |
10 | 2,407.5515 |
20 | 4,815.103 |
50 | 12,037.7576 |
100 | 24,075.5152 |
200 | 48,151.03052 |
500 | 120,377.5763 |
1,000 | 240,755.1526 |
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Saudi Arabian Riyal to ParaSwap performance history
Today vs. 24 hours ago
AED (Saudi Arabian Riyal) | Today at 2:58 PM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 AED | 241.6626 PSP | 225.7846 PSP | +6.57% |
| 5 AED | 1,208.3131 PSP | 1,128.923 PSP | +6.57% |
| 10 AED | 2,416.6263 PSP | 2,257.846 PSP | +6.57% |
| 50 AED | 12,083.1319 PSP | 11,289.23 PSP | +6.57% |
| 100 AED | 24,166.2638 PSP | 22,578.4601 PSP | +6.57% |
| 1,000 AED | 241,662.6389 PSP | 225,784.6014 PSP | +6.57% |
Today vs. 30 Days ago
AED (Saudi Arabian Riyal) | Today at 2:58 PM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 AED | 241.6626 PSP | 287.1088 PSP | -18.81% |
| 5 AED | 1,208.3131 PSP | 1,435.544 PSP | -18.81% |
| 10 AED | 2,416.6263 PSP | 2,871.08814 PSP | -18.81% |
| 50 AED | 12,083.1319 PSP | 14,355.4407 PSP | -18.81% |
| 100 AED | 24,166.2638 PSP | 28,710.8814 PSP | -18.81% |
| 1,000 AED | 241,662.6389 PSP | 287,108.8142 PSP | -18.81% |
Today vs. 1 Year ago
AED (Saudi Arabian Riyal) | Today at 2:58 PM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 AED | 241.6626 PSP | 17.4337 PSP | +92.78% |
| 5 AED | 1,208.3131 PSP | 87.1687 PSP | +92.78% |
| 10 AED | 2,416.6263 PSP | 174.3375 PSP | +92.78% |
| 50 AED | 12,083.1319 PSP | 871.6875 PSP | +92.78% |
| 100 AED | 24,166.2638 PSP | 1,743.3751 PSP | +92.78% |
| 1,000 AED | 241,662.6389 PSP | 17,433.7517 PSP | +92.78% |