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Dai to United Arab Emirates Dirham Converter and calculator

Convert 1Dai (DAI) to United Arab Emirates Dirham (AED) equals د.إ 3.67 | 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 Dai currency pair is the DAI to AED, with for Dai's currency code being DAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AED.

DAI to AED conversion rate trend

1D7D1M3M1YAll
In the past 1D, Dai has changed +0.03% to AED. Based on the trend and price charts, Dai(DAI) has changed +0.03% to AED while United Arab Emirates Dirham(AED) has changed % to DAI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
د.إ3.67
0.0001% / 0.0004%vip-iconVIP
Kraken
د.إ3.67
0.1000% / 0.1000%
Yes
OKX
د.إ3.67
0.080% / 0.100%
Yes
Huobi
د.إ3.67
0.1000% / 0.1000%
Yes
Gate.io
د.إ3.68
0.1000% / 0.1000%
Yes
Bybit
د.إ3.67
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 03:00:28(UTC+0)

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

Dai to United Arab Emirates Dirham is rising this week.
Dai's current market price is د.إ 3.67 per DAI, with a total market cap of د.إ 19,645,561,928.57 AED based on a circulating supply of 5,347,888,600 DAI. The trading volume of Dai has changed by -37.12% (د.إ -899,578,013.62 AED) in the last 24 hours. Last trading day, DAI's trading volume was د.إ 2,423,157,976.8.
Market cap
$5.35B
24h volume
$414.85M
Circulating supply
5.35B DAI

Conversion tables

The exchange rate of Dai is increasing.
1 DAI is currently valued at د.إ 3.67 AED , which means buying 5 DAI will cost د.إ 18.37 AED . Similarly, د.إ1 AED can be traded for 0.2722 DAI, and د.إ50 AED can be converted to 13.61 DAI, excluding any platform or gas fees.
The exchange rate of 1 DAI to United Arab Emirates Dirham has changed by +0.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.03%, reaching a high of 3.67 AED and a low of 3.67 AED . One month ago, the value of 1 DAI was د.إ 3.67 AED , which represents a +0.04% change from its current value. Over the last year, Dai has changed by
+د.إ
0.001449AED
, resulting in a change of +0.04% in its value.

DAI to AED

Amount
03:49 am today
0.5 DAI
د.إ1.84
1 DAI
د.إ3.67
5 DAI
د.إ18.37
10 DAI
د.إ36.74
50 DAI
د.إ183.68
100 DAI
د.إ367.35
500 DAI
د.إ1,836.76
1000 DAI
د.إ3,673.52

AED to DAI

Amount03:49 am today
0.5AED0.1361  DAI
1AED0.2722  DAI
5AED1.36  DAI
10AED2.72  DAI
50AED13.61  DAI
100AED27.22  DAI
500AED136.11  DAI
1000AED272.22  DAI
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Today vs. 24 hours ago

Amount03:49 am today24 hours ago24h change
0.5 DAI$0.5001$0.5000
+0.03%
1 DAI$1$0.9999
+0.03%
5 DAI$5$5
+0.03%
10 DAI$10$10
+0.03%
50 DAI$50.01$50
+0.03%
100 DAI$100.02$99.99
+0.03%
500 DAI$500.12$499.95
+0.03%
1000 DAI$1,000.25$999.9
+0.03%

Today vs. 1 month ago

Amount03:49 am today1 month ago1M change
0.5 DAI$0.5001$0.4999
+0.04%
1 DAI$1$0.9998
+0.04%
5 DAI$5$5
+0.04%
10 DAI$10$10
+0.04%
50 DAI$50.01$49.99
+0.04%
100 DAI$100.02$99.98
+0.04%
500 DAI$500.12$499.92
+0.04%
1000 DAI$1,000.25$999.84
+0.04%

Today vs. 1 year ago

Amount03:49 am today1 year ago1Y change
0.5 DAI$0.5001$0.4999
+0.04%
1 DAI$1$0.9999
+0.04%
5 DAI$5$5
+0.04%
10 DAI$10$10
+0.04%
50 DAI$50.01$49.99
+0.04%
100 DAI$100.02$99.99
+0.04%
500 DAI$500.12$499.93
+0.04%
1000 DAI$1,000.25$999.86
+0.04%

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.