1 United Arab Emirates Dirham to Colombian Pesos

Find the daily exchange rates for AED/COP 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 Colombian Peso (COP) as their official currency

The Colombian Peso (Colombian Peso) is used as the main currency in the following countries: Colombia

About The United Arab Emirates Dirham (COP)

The COP - Colombian Peso - is the official currency of Colombia, a country known for its rich culture, coffee production, and diverse landscapes ranging from the Andes Mountains to the Amazon Rainforest. The Colombian Peso is symbolized by '$' or 'COL$' to differentiate it from other dollar-denominated currencies. Each Peso is subdivided into 100 centavos, although centavo coins are rarely used in practice due to inflation and rounding conventions.

The Colombian Peso has a long history, with its origins dating back to the early 19th century. The current version of the Peso was established in 1837, replacing the Colombian Real at a rate of 1 Peso for 8 Reales. Since then, the currency has undergone several transformations as Colombia has faced economic and political challenges. The Central Bank of Colombia (Banco de la República) is responsible for issuing the currency, managing monetary policy, and maintaining financial stability. The bank’s focus on inflation control and financial oversight has been crucial in fostering confidence in the Peso.

The Colombian economy is one of the largest in South America, and the Colombian Peso plays a vital role in its development. Colombia is a major producer of coffee, oil, coal, and emeralds, and these exports are significant contributors to the country’s economy. The value of the Colombian Peso is often influenced by changes in global commodity prices, especially crude oil and coffee. As a result, the Peso is somewhat considered a commodity-linked currency, with fluctuations in the international market impacting its exchange rate.

The Colombian Peso is issued in both coin and banknote forms. Coins are available in denominations of 50, 100, 200, 500, and 1,000 Pesos. Banknotes are issued in denominations of 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000 Pesos. The banknotes are known for their vibrant colors and cultural themes, depicting prominent figures from Colombia's history, such as José Asunción Silva, a celebrated poet, and Policarpa Salavarrieta, a heroine of Colombian independence. The reverse sides of the banknotes feature images that represent Colombia’s natural beauty and cultural heritage, such as the Cocora Valley, featuring wax palms, and traditional indigenous motifs.

The Colombian Peso is a free-floating currency, with its value determined by supply and demand on the foreign exchange market. The Central Bank of Colombia occasionally intervenes to stabilize the currency if there is excessive volatility, particularly during periods of global economic uncertainty. The Peso’s exchange rate is closely monitored by businesses, investors, and the government, given its impact on inflation and international trade.

In everyday life, the Colombian Peso is used across Colombia, from the bustling metropolis of Bogotá to the coastal cities of Cartagena and Santa Marta. The Peso is essential for everyday transactions, and its colorful banknotes are a reflection of Colombia’s diverse culture and history. Tourists visiting Colombia will find that the Peso is used in all aspects of commerce, providing a gateway to explore the country’s unique attractions, such as its coffee-growing regions, colonial architecture, and vibrant festivals.

Despite the challenges Colombia has faced, including periods of economic instability and high inflation, the Colombian Peso remains a symbol of the country’s resilience and progress. Colombia has made significant strides in achieving macroeconomic stability, improving infrastructure, and opening its markets to foreign investment, which has strengthened the Peso and increased its acceptance in global financial markets. The Colombian Peso continues to serve as a fundamental part of Colombia's economy, representing the strength and determination of the Colombian people and their aspirations for a prosperous 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