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Ethereum Classic to United Arab Emirates Dirham Converter and calculator

Convert 1Ethereum Classic (ETC) to United Arab Emirates Dirham (AED) equals د.إ 101.53 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Ethereum Classic(ETC) to United Arab Emirates Dirham(AED). This is the real-time data. The current conversion shows 1 ETC at a value of 1 ETC for 101.53 AED . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Ethereum Classic currency pair is the ETC to AED, with for Ethereum Classic's currency code being ETC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AED.

ETC to AED conversion rate trend

1D7D1M3M1YAll
In the past 1D, Ethereum Classic has changed +5.43% to AED. Based on the trend and price charts, Ethereum Classic(ETC) has changed +5.43% to AED while United Arab Emirates Dirham(AED) has changed % to ETC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
د.إ101.18
0.0001% / 0.0004%vip-iconVIP
Binance
د.إ101.11
0.1000% / 0.1000%
Yes
OKX
د.إ101.15
0.080% / 0.100%
Yes
Huobi
د.إ101.11
0.1000% / 0.1000%
Yes
Gate.io
د.إ100.98
0.1000% / 0.1000%
Yes
Bybit
د.إ100.96
0.1000% / 0.1000%
Yes
KuCoin
د.إ101.06
0.1000% / 0.1000%
Yes
Bitfinex
د.إ101.02
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 17:00:38(UTC+0)

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

Ethereum Classic to United Arab Emirates Dirham is falling this week.
Ethereum Classic's current market price is د.إ 101.53 per ETC, with a total market cap of د.إ 14,888,715,621.71 AED based on a circulating supply of 146,649,820 ETC. The trading volume of Ethereum Classic has changed by -38.78% (د.إ -419,773,378.74 AED) in the last 24 hours. Last trading day, ETC's trading volume was د.إ 1,082,342,057.1.
Market cap
$4.05B
24h volume
$180.40M
Circulating supply
146.65M ETC

Conversion tables

The exchange rate of Ethereum Classic is decreasing.
1 ETC is currently valued at د.إ 101.53 AED , which means buying 5 ETC will cost د.إ 507.63 AED . Similarly, د.إ1 AED can be traded for 0.009850 ETC, and د.إ50 AED can be converted to 0.4925 ETC, excluding any platform or gas fees.
The exchange rate of 1 ETC to United Arab Emirates Dirham has changed by -1.51% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.43%, reaching a high of 102.57 AED and a low of 94.62 AED . One month ago, the value of 1 ETC was د.إ 112.74 AED , which represents a -9.94% change from its current value. Over the last year, Ethereum Classic has changed by
+د.إ
2.49AED
, resulting in a change of +38.46% in its value.

ETC to AED

Amount
17:13 today
0.5 ETC
د.إ50.76
1 ETC
د.إ101.53
5 ETC
د.إ507.63
10 ETC
د.إ1,015.26
50 ETC
د.إ5,076.28
100 ETC
د.إ10,152.56
500 ETC
د.إ50,762.82
1000 ETC
د.إ101,525.64

AED to ETC

Amount17:13 today
0.5AED0.004925  ETC
1AED0.009850  ETC
5AED0.04925  ETC
10AED0.09850  ETC
50AED0.4925  ETC
100AED0.9850  ETC
500AED4.92  ETC
1000AED9.85  ETC
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Today vs. 24 hours ago

Amount17:13 today24 hours ago24h change
0.5 ETC$13.82$13.11
+5.43%
1 ETC$27.64$26.22
+5.43%
5 ETC$138.22$131.1
+5.43%
10 ETC$276.43$262.21
+5.43%
50 ETC$1,382.17$1,311.03
+5.43%
100 ETC$2,764.33$2,622.05
+5.43%
500 ETC$13,821.66$13,110.27
+5.43%
1000 ETC$27,643.32$26,220.54
+5.43%

Today vs. 1 month ago

Amount17:13 today1 month ago1M change
0.5 ETC$13.82$15.35
-9.94%
1 ETC$27.64$30.7
-9.94%
5 ETC$138.22$153.48
-9.94%
10 ETC$276.43$306.96
-9.94%
50 ETC$1,382.17$1,534.8
-9.94%
100 ETC$2,764.33$3,069.59
-9.94%
500 ETC$13,821.66$15,347.95
-9.94%
1000 ETC$27,643.32$30,695.9
-9.94%

Today vs. 1 year ago

Amount17:13 today1 year ago1Y change
0.5 ETC$13.82$9.98
+38.46%
1 ETC$27.64$19.96
+38.46%
5 ETC$138.22$99.82
+38.46%
10 ETC$276.43$199.65
+38.46%
50 ETC$1,382.17$998.25
+38.46%
100 ETC$2,764.33$1,996.49
+38.46%
500 ETC$13,821.66$9,982.47
+38.46%
1000 ETC$27,643.32$19,964.94
+38.46%

FAQ

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