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base info Hooked Protocol

Hooked Protocol to United Arab Emirates Dirham Converter and calculator

Convert 1Hooked Protocol (HOOK) to United Arab Emirates Dirham (AED) equals د.إ 3.32 | 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 Hooked Protocol(HOOK) to United Arab Emirates Dirham(AED). This is the real-time data. The current conversion shows 1 HOOK at a value of 1 HOOK for 3.32 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 Hooked Protocol currency pair is the HOOK to AED, with for Hooked Protocol's currency code being HOOK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AED.

HOOK to AED conversion rate trend

1D7D1M3M1YAll
In the past 1D, Hooked Protocol has changed +0.32% to AED. Based on the trend and price charts, Hooked Protocol(HOOK) has changed +0.32% to AED while United Arab Emirates Dirham(AED) has changed % to HOOK in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
د.إ3.31
0.0001% / 0.0004%vip-iconVIP
Binance
د.إ3.33
0.1000% / 0.1000%
Yes
Gate.io
د.إ3.33
0.1000% / 0.1000%
Yes
Bybit
د.إ3.33
0.1000% / 0.1000%
Yes
Last updated 2024/05/29 03:00:20(UTC+0)

How to buy Hooked Protocol

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

Hooked Protocol to United Arab Emirates Dirham is rising this week.
Hooked Protocol's current market price is د.إ 3.32 per HOOK, with a total market cap of د.إ 504,964,173.44 AED based on a circulating supply of 152,200,930 HOOK. The trading volume of Hooked Protocol has changed by -25.30% (د.إ -16,733,346.97 AED) in the last 24 hours. Last trading day, HOOK's trading volume was د.إ 66,139,188.5.
Market cap
$137.48M
24h volume
$13.45M
Circulating supply
152.20M HOOK

Conversion tables

The exchange rate of Hooked Protocol is increasing.
1 HOOK is currently valued at د.إ 3.32 AED , which means buying 5 HOOK will cost د.إ 16.59 AED . Similarly, د.إ1 AED can be traded for 0.3014 HOOK, and د.إ50 AED can be converted to 15.07 HOOK, excluding any platform or gas fees.
The exchange rate of 1 HOOK to United Arab Emirates Dirham has changed by +4.37% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.32%, reaching a high of 3.4 AED and a low of 3.24 AED . One month ago, the value of 1 HOOK was د.إ 3.26 AED , which represents a +1.83% change from its current value. Over the last year, Hooked Protocol has changed by
-د.إ
2.07AED
, resulting in a change of -38.36% in its value.

HOOK to AED

Amount
03:23 am today
0.5 HOOK
د.إ1.66
1 HOOK
د.إ3.32
5 HOOK
د.إ16.59
10 HOOK
د.إ33.18
50 HOOK
د.إ165.89
100 HOOK
د.إ331.77
500 HOOK
د.إ1,658.87
1000 HOOK
د.إ3,317.75

AED to HOOK

Amount03:23 am today
0.5AED0.1507  HOOK
1AED0.3014  HOOK
5AED1.51  HOOK
10AED3.01  HOOK
50AED15.07  HOOK
100AED30.14  HOOK
500AED150.7  HOOK
1000AED301.41  HOOK
Buy Hooked Protocol for 1 AED
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Today vs. 24 hours ago

Amount03:23 am today24 hours ago24h change
0.5 HOOK$0.4517$0.4502
+0.32%
1 HOOK$0.9033$0.9005
+0.32%
5 HOOK$4.52$4.5
+0.32%
10 HOOK$9.03$9
+0.32%
50 HOOK$45.17$45.02
+0.32%
100 HOOK$90.33$90.05
+0.32%
500 HOOK$451.65$450.23
+0.32%
1000 HOOK$903.3$900.46
+0.32%

Today vs. 1 month ago

Amount03:23 am today1 month ago1M change
0.5 HOOK$0.4517$0.4435
+1.83%
1 HOOK$0.9033$0.8870
+1.83%
5 HOOK$4.52$4.44
+1.83%
10 HOOK$9.03$8.87
+1.83%
50 HOOK$45.17$44.35
+1.83%
100 HOOK$90.33$88.7
+1.83%
500 HOOK$451.65$443.52
+1.83%
1000 HOOK$903.3$887.05
+1.83%
Buy Hooked Protocol for 1 AED
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Today vs. 1 year ago

Amount03:23 am today1 year ago1Y change
0.5 HOOK$0.4517$0.7328
-38.36%
1 HOOK$0.9033$1.47
-38.36%
5 HOOK$4.52$7.33
-38.36%
10 HOOK$9.03$14.66
-38.36%
50 HOOK$45.17$73.28
-38.36%
100 HOOK$90.33$146.56
-38.36%
500 HOOK$451.65$732.82
-38.36%
1000 HOOK$903.3$1,465.65
-38.36%

Hooked Protocol price prediction

What will the price of HOOK be in 2025?

Based on HOOK's historical price performance prediction model, the price of HOOK is projected to reach $1.31 in 2025.

What will the price of HOOK be in 2030?

In 2030, the HOOK price is expected to rise by -7.00%. By the end of 2030, the HOOK price is projected to reach $1.27, with a cumulative ROI of +40.47%.
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Buy Hooked Protocol for 1 AED
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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.