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AED to SOV price chart
AED to Sovryn 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 Sovryn
Sovryn price conversion tables
Saudi Arabian Riyal | |
|---|---|
1 | 0.05839 |
2 | 0.1167 |
3 | 0.1751 |
5 | 0.2919 |
10 | 0.5839 |
25 | 1.4597 |
50 | 2.9195 |
100 | 5.8391 |
1,000 | 58.3911 |
Saudi Arabian Riyal | |
|---|---|
1 | 17.1258 |
5 | 85.6294 |
10 | 171.2588 |
20 | 342.5176 |
50 | 856.294 |
100 | 1,712.588 |
200 | 3,425.176 |
500 | 8,562.94 |
1,000 | 17,125.88 |
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Saudi Arabian Riyal to Sovryn performance history
Today vs. 24 hours ago
AED (Saudi Arabian Riyal) | Today at 1:53 PM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 AED | 17.1262 SOV | 15.7232 SOV | +8.19% |
| 5 AED | 85.6311 SOV | 78.6163 SOV | +8.19% |
| 10 AED | 171.2622 SOV | 157.2327 SOV | +8.19% |
| 50 AED | 856.311 SOV | 786.1635 SOV | +8.19% |
| 100 AED | 1,712.622 SOV | 1,572.327 SOV | +8.19% |
| 1,000 AED | 17,126.2202 SOV | 15,723.2704 SOV | +8.19% |
Today vs. 30 Days ago
AED (Saudi Arabian Riyal) | Today at 1:53 PM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 AED | 17.1262 SOV | 12.4239 SOV | +27.45% |
| 5 AED | 85.6311 SOV | 62.1195 SOV | +27.45% |
| 10 AED | 171.2622 SOV | 124.239 SOV | +27.45% |
| 50 AED | 856.311 SOV | 621.1951 SOV | +27.45% |
| 100 AED | 1,712.622 SOV | 1,242.3903 SOV | +27.45% |
| 1,000 AED | 17,126.2202 SOV | 12,423.9035 SOV | +27.45% |
Today vs. 1 Year ago
AED (Saudi Arabian Riyal) | Today at 1:53 PM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 AED | 17.1262 SOV | 1.9058 SOV | +88.87% |
| 5 AED | 85.6311 SOV | 9.5292 SOV | +88.87% |
| 10 AED | 171.2622 SOV | 19.0585 SOV | +88.87% |
| 50 AED | 856.311 SOV | 95.2925 SOV | +88.87% |
| 100 AED | 1,712.622 SOV | 190.585 SOV | +88.87% |
| 1,000 AED | 17,126.2202 SOV | 1,905.8509 SOV | +88.87% |