1 United Arab Emirates Dirham to Chilean Pesos

Find the daily exchange rates for AED/CLP 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 Chilean Peso (CLP) as their official currency

The Chilean Peso (Chilean Peso) is used as the main currency in the following countries: Chile

About The United Arab Emirates Dirham (CLP)

The CLP - Chilean Peso - is the official currency of Chile, a country known for its diverse geography that stretches from the driest desert in the north to the glacial fjords in the south. The Chilean Peso is symbolized by '$' or 'CLP$' to distinguish it from other currencies that also use the dollar sign. Each Chilean Peso is subdivided into 100 centavos, although centavo coins are no longer in active circulation due to inflation and rounding practices.

The modern Chilean Peso was introduced in 1975, replacing the Chilean Escudo at a rate of 1,000 Escudos to 1 Peso. The introduction of the Peso was part of a broader economic reform that aimed to stabilize the Chilean economy after a period of political upheaval and hyperinflation. The Central Bank of Chile, established as an autonomous institution, is responsible for managing monetary policy, issuing currency, and maintaining financial stability in the country. Its focus on inflation targeting has helped build credibility and trust in the Chilean Peso.

Chile’s economy is one of the most stable and prosperous in Latin America, with the Chilean Peso playing a key role in facilitating both domestic and international trade. The country’s economic strength is largely driven by its vast natural resources, particularly copper, which accounts for a significant portion of Chile’s exports. As the world’s largest producer of copper, Chile is highly sensitive to fluctuations in global copper prices, and consequently, the value of the Chilean Peso is often influenced by commodity market trends. This makes the Peso a commodity-linked currency, and its value can fluctuate based on global demand for minerals and raw materials.

The Chilean Peso is issued in both coin and banknote forms. Coins are available in denominations of 10, 50, 100, and 500 Pesos. Banknotes come in values of 1,000, 2,000, 5,000, 10,000, and 20,000 Pesos, each with vibrant colors and designs featuring notable Chilean figures and landscapes. The banknotes are adorned with portraits of important figures from Chile’s history, such as poet Gabriela Mistral, who was the first Latin American to win the Nobel Prize in Literature, and military leader Bernardo O’Higgins, who is considered one of the founding fathers of Chile. The back of each banknote features natural landmarks that highlight Chile’s diverse geography, from the Andes Mountains to Easter Island.

The Chilean Peso is a free-floating currency, meaning its value is determined by the foreign exchange market based on supply and demand. The Central Bank of Chile intervenes only occasionally to prevent excessive volatility. This approach allows the Peso to reflect the underlying economic conditions of the country, including changes in export revenues, foreign investment, and global economic trends.

Tourists visiting Chile will use the Chilean Peso for all transactions, whether they are exploring the bustling streets of Santiago, touring the vineyards of the Central Valley, or venturing into the natural wonders of Patagonia. The Peso is a reflection of Chile's economic independence and its ability to navigate both regional and global financial landscapes. Despite periods of political and economic challenges, the Chilean Peso has remained a stable currency, underscoring the resilience of Chile’s economy.

Chile’s fiscal discipline, open trade policies, and commitment to economic reforms have made the Chilean Peso a reliable currency in the region. It serves not only as the backbone of domestic trade but also as a symbol of Chile’s economic growth and development. The Peso remains an essential part of everyday life for Chileans and is a marker of the country’s progress and ambitions for the future.

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