1 United Arab Emirates Dirham to Argentine Pesos

Find the daily exchange rates for AED/ARS and for all the top World currencies.

Countries That Use United Arab Emirates Dirham (AED) as their official currency

The United Arab Emirates Dirham (AED) is used as the main currency in the following countries: United Arab Emirates

Countries That Use Argentine Peso (ARS) as their official currency

The Argentine Peso (Argentine Peso) is used as the main currency in the following countries: Argentina

About The United Arab Emirates Dirham (ARS)

The ARS - Argentine Peso - is the official currency of Argentina, a country located in South America known for its diverse landscapes, rich cultural heritage, and vibrant economy. The Peso is symbolized by '$' or 'AR$', with each Peso subdivided into 100 smaller units called 'centavos.' The Argentine Peso is a significant part of the country's economic history, and its value has fluctuated considerably due to the economic and political challenges Argentina has faced over the years.

The modern Argentine Peso was introduced in 1992, replacing the Austral at a rate of 10,000 Australes to 1 Peso. This introduction was part of an economic stabilization plan aimed at curbing hyperinflation, which had severely impacted Argentina's economy during the late 1980s and early 1990s. Initially, the Peso was pegged to the US Dollar at a 1:1 ratio under the 'Convertibility Plan,' which was intended to stabilize prices and restore confidence in the national currency. This peg was maintained until 2001, when economic pressures forced the country to abandon the fixed exchange rate, leading to a floating Peso and a significant devaluation.

Argentina has experienced various versions of the Peso throughout its history, each reflecting different economic circumstances. The Peso has undergone changes in value, symbols, and denominations, often as a response to inflationary pressures. These shifts are indicative of Argentina's complex financial history, with periods of rapid growth, political instability, and economic crises.

Today, the Argentine Peso is a free-floating currency, and its value can be volatile, affected by both domestic policies and global market conditions. Despite the challenges, the Argentine Peso remains central to everyday transactions in Argentina, reflecting the resilience of the Argentine people. The exchange rate against major world currencies, particularly the US Dollar, is closely watched both domestically and internationally due to its impact on inflation, purchasing power, and international trade.

The Argentine Peso is issued in both coin and banknote forms. Coins are available in denominations ranging from 1 to 10 pesos, while banknotes come in values from 10 to 1,000 pesos. The banknotes feature significant historical figures, such as José de San Martín and Eva Perón, along with natural and cultural symbols representing Argentina's rich heritage, including native animals and scenic landscapes like the Iguazu Falls. These images reflect Argentina's national pride and cultural identity.

While Argentina faces economic challenges, including high inflation rates, the Peso remains the official means of exchange for goods, services, and investments. The government's ongoing efforts to address inflation and stabilize the currency are part of a broader strategy to restore economic growth and confidence in the national financial system.

Argentina's unique economy, with its mix of agriculture, industry, and services, makes the Peso an essential currency not only for the country but also for regional trade within Latin America. The Peso's story is one of adaptability and endurance, symbolizing Argentina's struggles, resilience, and hopes for economic stability and prosperity.

About The United Arab Emirates Dirham (AED)

The AED - United Arab Emirates Dirham - is the official currency of the United Arab Emirates (UAE), a federation of seven emirates located in the Arabian Peninsula. Commonly represented by the symbol 'د.إ' or 'DH,' the Dirham is abbreviated as AED, which stands for 'Arab Emirates Dirham.' Each Dirham is subdivided into 100 smaller units called 'fils.' The currency holds great importance in the UAE’s economic development and symbolizes the country’s rapid transformation into a modern, diversified economy.

The Dirham was introduced on May 19, 1973, replacing the Bahraini Dinar and the Qatari and Dubai Riyal, which were previously used in various parts of the UAE. The introduction of the Dirham unified the country's currency system, providing consistency across all seven emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Ras Al Khaimah, and Umm Al Quwain. This change played a critical role in supporting the UAE's economic growth during the oil boom of the 1970s.

The name 'Dirham' is derived from the Greek word 'drachma,' which was historically used across the Arabian Peninsula due to ancient trade routes. The Dirham is often linked to the historical influence of trading with Greece, and it reflects the deep-rooted economic history of the region.

The UAE Dirham is pegged to the US Dollar at a rate of approximately 3.6725 AED to 1 USD, a peg that has been in place since 1997. This fixed exchange rate has provided the UAE with monetary stability, especially important given the country’s role as a global business hub. The peg to the US Dollar supports investor confidence and helps the UAE maintain stable financial markets, particularly given its heavy involvement in international trade, tourism, and finance.

In terms of currency circulation, the Dirham comes in both coin and banknote forms. Coins are issued in denominations of 1, 5, 10, 25, and 50 fils, as well as 1 Dirham, while banknotes range from 5 to 1000 Dirhams. The banknotes feature iconic landmarks and symbols of the UAE, such as the Sheikh Zayed Grand Mosque, the Burj Khalifa, and traditional cultural elements like the Dallah (Arabian coffee pot). These images reflect the UAE's blend of tradition and modernity.

The AED is widely used throughout the UAE, and its stability and reliability have contributed to the country’s rapid economic growth, making it a major financial center in the Middle East. The Dirham is also used by tourists, foreign workers, and investors, which has helped the currency maintain a significant presence beyond the UAE’s borders. The UAE’s commitment to economic diversification, along with its robust financial sector, has ensured that the Dirham remains a strong and stable currency in the global market.

As the UAE continues its ambitious development projects, the Dirham will play a crucial role in facilitating trade, tourism, and investment in the country, reflecting the UAE's dynamic and resilient economy.

United Arab Emirates Dirham (AED) Frequently Used Conversions