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AED to STEP price chart
AED to Step® 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 Step®
Step® price conversion tables
Saudi Arabian Riyal | |
|---|---|
1 | 0.000345 |
2 | 0.0006901 |
3 | 0.001035 |
5 | 0.001725 |
10 | 0.00345 |
25 | 0.008626 |
50 | 0.01725 |
100 | 0.0345 |
1,000 | 0.345 |
Saudi Arabian Riyal | |
|---|---|
1 | 2,898.0576 |
5 | 14,490.288 |
10 | 28,980.576 |
20 | 57,961.152 |
50 | 144,902.88 |
100 | 289,805.7601 |
200 | 579,611.5202 |
500 | 1,449,028.8006 |
1,000 | 2,898,057.6012 |
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Saudi Arabian Riyal to Step® performance history
Today vs. 24 hours ago
AED (Saudi Arabian Riyal) | Today at 12:25 PM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 AED | 2,898.5507 STEP | 2,901.9152 STEP | -0.12% |
| 5 AED | 14,492.7536 STEP | 14,509.5763 STEP | -0.12% |
| 10 AED | 28,985.5072 STEP | 29,019.1526 STEP | -0.12% |
| 50 AED | 144,927.5362 STEP | 145,095.7632 STEP | -0.12% |
| 100 AED | 289,855.07246 STEP | 290,191.5264 STEP | -0.12% |
| 1,000 AED | 2,898,550.7246 STEP | 2,901,915.264 STEP | -0.12% |
Today vs. 30 Days ago
AED (Saudi Arabian Riyal) | Today at 12:25 PM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 AED | 2,898.5507 STEP | 2,644.1036 STEP | +8.77% |
| 5 AED | 14,492.7536 STEP | 13,220.5182 STEP | +8.77% |
| 10 AED | 28,985.5072 STEP | 26,441.03648 STEP | +8.77% |
| 50 AED | 144,927.5362 STEP | 132,205.1824 STEP | +8.77% |
| 100 AED | 289,855.07246 STEP | 264,410.3648 STEP | +8.77% |
| 1,000 AED | 2,898,550.7246 STEP | 2,644,103.6488 STEP | +8.77% |
Today vs. 1 Year ago
AED (Saudi Arabian Riyal) | Today at 12:25 PM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 AED | 2,898.5507 STEP | 1,417.6353 STEP | +51.09% |
| 5 AED | 14,492.7536 STEP | 7,088.1769 STEP | +51.09% |
| 10 AED | 28,985.5072 STEP | 14,176.3538 STEP | +51.09% |
| 50 AED | 144,927.5362 STEP | 70,881.7692 STEP | +51.09% |
| 100 AED | 289,855.07246 STEP | 141,763.5384 STEP | +51.09% |
| 1,000 AED | 2,898,550.7246 STEP | 1,417,635.3841 STEP | +51.09% |