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base info OKB

OKB to United Arab Emirates Dirham Converter and calculator

Convert 1OKB (OKB) to United Arab Emirates Dirham (AED) equals د.إ 194.61 | 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 OKB currency pair is the OKB to AED, with for OKB's currency code being OKB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AED.

OKB to AED conversion rate trend

1D7D1M3M1YAll
In the past 1D, OKB has changed +0.98% to AED. Based on the trend and price charts, OKB(OKB) has changed +0.98% to AED while United Arab Emirates Dirham(AED) has changed % to OKB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
د.إ194.61
0.0001% / 0.0004%vip-iconVIP
OKX
د.إ193.53
0.080% / 0.100%
Yes
Gate.io
د.إ193.64
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 05:00:20(UTC+0)

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

OKB to United Arab Emirates Dirham is falling this week.
OKB's current market price is د.إ 194.61 per OKB, with a total market cap of د.إ 11,676,480,486.23 AED based on a circulating supply of 60,000,000 OKB. The trading volume of OKB has changed by -48.40% (د.إ -36,127,526.65 AED) in the last 24 hours. Last trading day, OKB's trading volume was د.إ 74,650,436.51.
Market cap
$3.18B
24h volume
$10.49M
Circulating supply
60.00M OKB

Conversion tables

The exchange rate of OKB is decreasing.
1 OKB is currently valued at د.إ 194.61 AED , which means buying 5 OKB will cost د.إ 973.04 AED . Similarly, د.إ1 AED can be traded for 0.005139 OKB, and د.إ50 AED can be converted to 0.2569 OKB, excluding any platform or gas fees.
The exchange rate of 1 OKB to United Arab Emirates Dirham has changed by -8.97% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.98%, reaching a high of 200.92 AED and a low of 188.28 AED . One month ago, the value of 1 OKB was د.إ 239.98 AED , which represents a -18.91% change from its current value. Over the last year, OKB has changed by
-د.إ
4.56AED
, resulting in a change of -2.29% in its value.

OKB to AED

Amount
05:19 am today
0.5 OKB
د.إ97.3
1 OKB
د.إ194.61
5 OKB
د.إ973.04
10 OKB
د.إ1,946.08
50 OKB
د.إ9,730.4
100 OKB
د.إ19,460.8
500 OKB
د.إ97,304
1000 OKB
د.إ194,608

AED to OKB

Amount05:19 am today
0.5AED0.002569  OKB
1AED0.005139  OKB
5AED0.02569  OKB
10AED0.05139  OKB
50AED0.2569  OKB
100AED0.5139  OKB
500AED2.57  OKB
1000AED5.14  OKB
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Today vs. 24 hours ago

Amount05:19 am today24 hours ago24h change
0.5 OKB$26.5$26.24
+0.98%
1 OKB$52.99$52.48
+0.98%
5 OKB$264.97$262.39
+0.98%
10 OKB$529.93$524.78
+0.98%
50 OKB$2,649.67$2,623.91
+0.98%
100 OKB$5,299.35$5,247.83
+0.98%
500 OKB$26,496.75$26,239.14
+0.98%
1000 OKB$52,993.49$52,478.29
+0.98%

Today vs. 1 month ago

Amount05:19 am today1 month ago1M change
0.5 OKB$26.5$32.67
-18.91%
1 OKB$52.99$65.35
-18.91%
5 OKB$264.97$326.74
-18.91%
10 OKB$529.93$653.48
-18.91%
50 OKB$2,649.67$3,267.4
-18.91%
100 OKB$5,299.35$6,534.8
-18.91%
500 OKB$26,496.75$32,673.99
-18.91%
1000 OKB$52,993.49$65,347.99
-18.91%

Today vs. 1 year ago

Amount05:19 am today1 year ago1Y change
0.5 OKB$26.5$27.12
-2.29%
1 OKB$52.99$54.23
-2.29%
5 OKB$264.97$271.17
-2.29%
10 OKB$529.93$542.34
-2.29%
50 OKB$2,649.67$2,711.7
-2.29%
100 OKB$5,299.35$5,423.39
-2.29%
500 OKB$26,496.75$27,116.95
-2.29%
1000 OKB$52,993.49$54,233.9
-2.29%

FAQ

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