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base info Avalanche

Avalanche to United Arab Emirates Dirham Converter and calculator

Convert 1Avalanche (AVAX) to United Arab Emirates Dirham (AED) equals د.إ 130.45 | Bitget

AED information

About the United Arab Emirates Dirham (AED)

What Is the United Arab Emirates Dirham (AED)?

The United Arab Emirates Dirham, abbreviated as AED and locally referred to as Dh (singular) or Dhs (plural), is the sole legal tender in the United Arab Emirates (UAE). The United Arab Emirates is a federation of seven emirates including Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, Fujairah, and Ras Al Khaimah. The symbol for the United Arab Emirates Dirham is د.إ, which is derived from its Arabic name "درهم إماراتي". The dirham, subdivided into 100 fils, is pegged to the United States Dollar at a rate of approximately 3.67 AED to 1 USD. x

The United Arab Emirates Dirham (AED) is issued by the Central Bank of the United Arab Emirates. The Central Bank is responsible for managing the currency, including its design, production, and distribution. It also oversees the monetary and financial stability of the currency, along with implementing monetary policies and maintaining foreign reserves.

What Is the History of AED?

The term 'dirham' traces its origins to the Greek drachma. Before 1966, the Gulf rupee, pegged to the Indian rupee, was in use across the emirates. Following India's devaluation of the Gulf rupee, the UAE, then the Trucial States, adopted various currencies, including the Qatar and Dubai riyal and the Bahraini dinar. In 1973, the UAE dirham was established as the unified currency, replacing the Bahraini dinar in Abu Dhabi and the Qatar and Dubai riyal in other emirates.

Notes and Coins of AED

The UAE introduced coins in denominations of 1, 5, 10, 25, and 50 fils, and 1 dirham in 1973. These coins feature Eastern Arabic numerals and Arabic text. The smaller denominations (1, 5, and 10 fils) are less commonly used, leading to rounding of amounts in transactions. The UAE has also issued commemorative coins for various events.

Banknotes were introduced in 1973 in denominations ranging from 1 to 1000 dirhams. Over the years, new series have been released, with the latest including polymer notes to commemorate significant national events. These notes feature Arabic texts and Eastern Arabic numerals on the obverse, and English texts with Arabic numerals on the reverse.

Exchange Rates and International Use

Since 1978, the dirham has been officially pegged to the IMF's special drawing rights (SDRs), but in practice, it has been closely tied to the U.S. dollar. This pegging ensures a stable exchange rate, making the AED a reliable currency for international trade and finance.

Is AED a Stable Currency?

The United Arab Emirates Dirham (AED) is considered a stable currency, largely due to its peg to the US Dollar at a fixed rate of about 3.67 AED to 1 USD, which ensures consistent exchange rates and protects it from market volatility. The UAE's strong and diverse economy, with significant income from oil, trade, tourism, and finance, supports the dirham's stability. The country's substantial foreign currency reserves further strengthen its financial position. The Central Bank of the UAE plays a crucial role in maintaining this stability through effective monetary policies and banking sector regulation. Additionally, the UAE's prominent economic and political role in the Middle East enhances confidence in the dirham, contributing to its reliability and stability as a currency.

Is AED Pegged to USD?

Yes, the United Arab Emirates Dirham (AED) is pegged to the United States Dollar (USD). The peg has been in place since the early 1970s. Under this arrangement, the value of the AED is fixed in terms of the USD, and the Central Bank of the UAE maintains this fixed exchange rate by ensuring that it holds sufficient foreign exchange reserves, primarily in USD, to support the peg. This means that the AED has a set exchange rate against the USD, and fluctuations in the value of the dollar directly impact the value of the dirham.

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Bitget crypto-to-fiat exchange data shows that the most popular Avalanche currency pair is the AVAX to AED, with for Avalanche's currency code being AVAX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AED.

AVAX to AED conversion rate trend

1D7D1M3M1YAll
In the past 1D, Avalanche has changed +1.17% to AED. Based on the trend and price charts, Avalanche(AVAX) has changed +1.17% to AED while United Arab Emirates Dirham(AED) has changed % to AVAX in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
د.إ129.99
0.0001% / 0.0004%vip-iconVIP
Binance
د.إ130.23
0.1000% / 0.1000%
Yes
Coinbase Exchange
د.إ130.23
0.1000% / 0.1000%
Yes
Kraken
د.إ129.83
0.1000% / 0.1000%
Yes
OKX
د.إ130.2
0.080% / 0.100%
Yes
Huobi
د.إ130.22
0.1000% / 0.1000%
Yes
Gate.io
د.إ130.23
0.1000% / 0.1000%
Yes
Bybit
د.إ130.03
0.1000% / 0.1000%
Yes
KuCoin
د.إ130.19
0.1000% / 0.1000%
Yes
Bitfinex
د.إ130.01
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 11:00:30(UTC+0)

What factors influence the conversion rate of Avalanche to United Arab Emirates Dirham?

Avalanche to United Arab Emirates Dirham is falling this week.
Avalanche's current market price is د.إ 130.45 per AVAX, with a total market cap of د.إ 49,309,203,493.66 AED based on a circulating supply of 377,989,820 AVAX. The trading volume of Avalanche has changed by +6.12% (د.إ 149,063,071.18 AED) in the last 24 hours. Last trading day, AVAX's trading volume was د.إ 2,436,308,041.
Market cap
$13.43B
24h volume
$703.96M
Circulating supply
377.99M AVAX

Conversion tables

The exchange rate of Avalanche is decreasing.
1 AVAX is currently valued at د.إ 130.45 AED , which means buying 5 AVAX will cost د.إ 652.26 AED . Similarly, د.إ1 AED can be traded for 0.007666 AVAX, and د.إ50 AED can be converted to 0.3833 AVAX, excluding any platform or gas fees.
The exchange rate of 1 AVAX to United Arab Emirates Dirham has changed by -23.19% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.17%, reaching a high of 132.17 AED and a low of 117.56 AED . One month ago, the value of 1 AVAX was د.إ 195.28 AED , which represents a -33.20% change from its current value. Over the last year, Avalanche has changed by
+د.إ
24.23AED
, resulting in a change of +87.71% in its value.

AVAX to AED

Amount
11:19 am today
0.5 AVAX
د.إ65.23
1 AVAX
د.إ130.45
5 AVAX
د.إ652.26
10 AVAX
د.إ1,304.51
50 AVAX
د.إ6,522.56
100 AVAX
د.إ13,045.11
500 AVAX
د.إ65,225.57
1000 AVAX
د.إ130,451.14

AED to AVAX

Amount11:19 am today
0.5AED0.003833  AVAX
1AED0.007666  AVAX
5AED0.03833  AVAX
10AED0.07666  AVAX
50AED0.3833  AVAX
100AED0.7666  AVAX
500AED3.83  AVAX
1000AED7.67  AVAX
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Today vs. 24 hours ago

Amount11:19 am today24 hours ago24h change
0.5 AVAX$17.76$17.55
+1.17%
1 AVAX$35.52$35.11
+1.17%
5 AVAX$177.6$175.55
+1.17%
10 AVAX$355.2$351.09
+1.17%
50 AVAX$1,776.01$1,755.46
+1.17%
100 AVAX$3,552.01$3,510.92
+1.17%
500 AVAX$17,760.05$17,554.61
+1.17%
1000 AVAX$35,520.11$35,109.23
+1.17%

Today vs. 1 month ago

Amount11:19 am today1 month ago1M change
0.5 AVAX$17.76$26.59
-33.20%
1 AVAX$35.52$53.17
-33.20%
5 AVAX$177.6$265.86
-33.20%
10 AVAX$355.2$531.73
-33.20%
50 AVAX$1,776.01$2,658.64
-33.20%
100 AVAX$3,552.01$5,317.29
-33.20%
500 AVAX$17,760.05$26,586.45
-33.20%
1000 AVAX$35,520.11$53,172.89
-33.20%

Today vs. 1 year ago

Amount11:19 am today1 year ago1Y change
0.5 AVAX$17.76$9.46
+87.71%
1 AVAX$35.52$18.92
+87.71%
5 AVAX$177.6$94.61
+87.71%
10 AVAX$355.2$189.22
+87.71%
50 AVAX$1,776.01$946.12
+87.71%
100 AVAX$3,552.01$1,892.25
+87.71%
500 AVAX$17,760.05$9,461.24
+87.71%
1000 AVAX$35,520.11$18,922.49
+87.71%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.