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Currencies

Countries that use the Arabic Dirham

The Arabic Dirham was established in 1971 as an official national currency and is used only in the United Arab Emirates. 1 Dirham is devided into 100 Fils.

The Arabic Dirham is tied to the US Dollar with a fixed exchange rate. Therefore, 1 Dirham always equals to 0.2723 US Dollar.


ISO 4127:
AED
Numeric:
784



List of all currencies

1.00 Arabic Dirham = 0.27 US Dollar
(date: 05/26/2022)


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Exchange rate history 10 AED in USD

The two currencies are directly interdependent and have a fixed conversion rate.

Arabic Dirham as currency

CountryRegion
United Arab EmiratesWestern Asia

US Dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Federated States of MicronesiaMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean

Currency reserves for the Arabic Dirham

According to the International Monetary Fund, the total broad money (M3) amounted to AED 1,478.61 billion at the end of 2020. For currency hedging, reserves were held in a total amount of 391.86 billion Dirhams. This corresponds to a ratio of 1:3.8. Or in other words: 10 of 38 Dirhams are deposited with a countervalue, which is internationally already above average.

Approximately 9.69 billion Dirhams (2.5%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.

› Worldwide currency and gold reserves



Sources

All conversion rates are based on data from the European Central Bank.
Data on currency and gold reserves are from the International Monetary Fund.
Currency reservesCurrency and gold reserves worldwideReserve assets and gold holdings in proportion to the money stock. An international comparison of currency hedging.
Comparison: Cost of livingCost of living in a global comparisonRanking of international living costs from 111 countries compared to the US
Norway: EnergyEnergy consumption in NorwayEnergy balance and production capacities in Norway including comparison with the USA