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Maker to United Arab Emirates Dirham Converter and calculator

Convert 1Maker (MKR) to United Arab Emirates Dirham (AED) equals د.إ 11,464.29 | 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 Maker(MKR) to United Arab Emirates Dirham(AED). This is the real-time data. The current conversion shows 1 MKR at a value of 1 MKR for 11,464.29 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 Maker currency pair is the MKR to AED, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AED.

MKR to AED conversion rate trend

1D7D1M3M1YAll
In the past 1D, Maker has changed +4.50% to AED. Based on the trend and price charts, Maker(MKR) has changed +4.50% to AED while United Arab Emirates Dirham(AED) has changed % to MKR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
د.إ11,491.69
0.0001% / 0.0004%vip-iconVIP
Binance
د.إ11,513.91
0.1000% / 0.1000%
Yes
OKX
د.إ11,508.04
0.080% / 0.100%
Yes
Huobi
د.إ11,506.53
0.1000% / 0.1000%
Yes
Gate.io
د.إ11,493.49
0.1000% / 0.1000%
Yes
Bybit
د.إ11,482.7
0.1000% / 0.1000%
Yes
KuCoin
د.إ11,494.45
0.1000% / 0.1000%
Yes
Bitfinex
د.إ11,486.37
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 04:00:40(UTC+0)

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

Maker to United Arab Emirates Dirham is rising this week.
Maker's current market price is د.إ 11,464.29 per MKR, with a total market cap of د.إ 10,601,228,179.92 AED based on a circulating supply of 924,717.25 MKR. The trading volume of Maker has changed by -21.56% (د.إ -83,788,302.81 AED) in the last 24 hours. Last trading day, MKR's trading volume was د.إ 388,668,151.7.
Market cap
$2.89B
24h volume
$83.01M
Circulating supply
924.72K MKR

Conversion tables

The exchange rate of Maker is decreasing.
1 MKR is currently valued at د.إ 11,464.29 AED , which means buying 5 MKR will cost د.إ 57,321.46 AED . Similarly, د.إ1 AED can be traded for 0.{4}8723 MKR, and د.إ50 AED can be converted to 0.004361 MKR, excluding any platform or gas fees.
The exchange rate of 1 MKR to United Arab Emirates Dirham has changed by +9.55% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.50%, reaching a high of 11,596.86 AED and a low of 10,977.78 AED . One month ago, the value of 1 MKR was د.إ 12,117.54 AED , which represents a -5.39% change from its current value. Over the last year, Maker has changed by
+د.إ
1,585.22AED
, resulting in a change of +352.51% in its value.

MKR to AED

Amount
04:29 am today
0.5 MKR
د.إ5,732.15
1 MKR
د.إ11,464.29
5 MKR
د.إ57,321.46
10 MKR
د.إ114,642.92
50 MKR
د.إ573,214.6
100 MKR
د.إ1,146,429.19
500 MKR
د.إ5,732,145.96
1000 MKR
د.إ11,464,291.92

AED to MKR

Amount04:29 am today
0.5AED0.{4}4361  MKR
1AED0.{4}8723  MKR
5AED0.0004361  MKR
10AED0.0008723  MKR
50AED0.004361  MKR
100AED0.008723  MKR
500AED0.04361  MKR
1000AED0.08723  MKR
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Today vs. 24 hours ago

Amount04:29 am today24 hours ago24h change
0.5 MKR$1,560.74$1,493.51
+4.50%
1 MKR$3,121.49$2,987.02
+4.50%
5 MKR$15,607.44$14,935.11
+4.50%
10 MKR$31,214.89$29,870.22
+4.50%
50 MKR$156,074.44$149,351.13
+4.50%
100 MKR$312,148.88$298,702.25
+4.50%
500 MKR$1,560,744.4$1,493,511.25
+4.50%
1000 MKR$3,121,488.8$2,987,022.5
+4.50%

Today vs. 1 month ago

Amount04:29 am today1 month ago1M change
0.5 MKR$1,560.74$1,649.68
-5.39%
1 MKR$3,121.49$3,299.35
-5.39%
5 MKR$15,607.44$16,496.77
-5.39%
10 MKR$31,214.89$32,993.54
-5.39%
50 MKR$156,074.44$164,967.68
-5.39%
100 MKR$312,148.88$329,935.35
-5.39%
500 MKR$1,560,744.4$1,649,676.75
-5.39%
1000 MKR$3,121,488.8$3,299,353.5
-5.39%

Today vs. 1 year ago

Amount04:29 am today1 year ago1Y change
0.5 MKR$1,560.74$344.93
+352.51%
1 MKR$3,121.49$689.87
+352.51%
5 MKR$15,607.44$3,449.32
+352.51%
10 MKR$31,214.89$6,898.65
+352.51%
50 MKR$156,074.44$34,493.25
+352.51%
100 MKR$312,148.88$68,986.5
+352.51%
500 MKR$1,560,744.4$344,932.5
+352.51%
1000 MKR$3,121,488.8$689,865
+352.51%

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.