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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 PressX
PressX price conversion tables
Saudi Arabian Riyal | |
|---|---|
1 | 1.2655 |
2 | 2.531 |
3 | 3.7966 |
5 | 6.3277 |
10 | 12.6554 |
25 | 31.6385 |
50 | 63.2771 |
100 | 126.5543 |
1,000 | 1,265.5435 |
Saudi Arabian Riyal | |
|---|---|
1 | 0.7901 |
5 | 3.9508 |
10 | 7.9017 |
20 | 15.8034 |
50 | 39.5087 |
100 | 79.01743 |
200 | 158.03486 |
500 | 395.08717 |
1,000 | 790.1743 |
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Saudi Arabian Riyal to PressX performance history
Today vs. 24 hours ago
AED (Saudi Arabian Riyal) | Today at 8:41 AM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 AED | 0.7874 PRX | 0.7874 PRX | -- |
| 5 AED | 3.937 PRX | 3.937 PRX | -- |
| 10 AED | 7.874 PRX | 7.874 PRX | -- |
| 50 AED | 39.37 PRX | 39.37 PRX | -- |
| 100 AED | 78.7401 PRX | 78.7401 PRX | -- |
| 1,000 AED | 787.4015 PRX | 787.4015 PRX | -- |
Today vs. 30 Days ago
AED (Saudi Arabian Riyal) | Today at 8:41 AM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 AED | 0.7874 PRX | 0.6993 PRX | +11.18% |
| 5 AED | 3.937 PRX | 3.4965 PRX | +11.18% |
| 10 AED | 7.874 PRX | 6.993 PRX | +11.18% |
| 50 AED | 39.37 PRX | 34.965 PRX | +11.18% |
| 100 AED | 78.7401 PRX | 69.93 PRX | +11.18% |
| 1,000 AED | 787.4015 PRX | 699.3006 PRX | +11.18% |
Today vs. 1 Year ago
AED (Saudi Arabian Riyal) | Today at 8:41 AM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 AED | 0.7874 PRX | 0.7352 PRX | +6.61% |
| 5 AED | 3.937 PRX | 3.6764 PRX | +6.61% |
| 10 AED | 7.874 PRX | 7.3529 PRX | +6.61% |
| 50 AED | 39.37 PRX | 36.7647 PRX | +6.61% |
| 100 AED | 78.7401 PRX | 73.5294 PRX | +6.61% |
| 1,000 AED | 787.4015 PRX | 735.2941 PRX | +6.61% |