1 United Arab Emirates Dirham to Philippine Pesos

Find the daily exchange rates for AED/PHP 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 Philippine Peso (PHP) as their official currency

The Philippine Peso (Philippine Peso) is used as the main currency in the following countries: Philippines

About The United Arab Emirates Dirham (PHP)

The PHP - Philippine Peso - is the official currency of the Philippines, an archipelago in Southeast Asia known for its beautiful beaches, diverse culture, and warm hospitality. The Philippine Peso is symbolized by '₱' and abbreviated as 'PHP,' and it is subdivided into 100 smaller units called 'centavos.' The Peso plays a crucial role in supporting the Philippines' growing economy, which is characterized by a mix of agriculture, manufacturing, services, and a strong remittance sector driven by overseas Filipino workers (OFWs).

The Philippine Peso has a long history, with its origins tracing back to the Spanish colonial period. The word 'peso' means 'weight' in Spanish, and the currency was first introduced during the Spanish colonization of the Philippines in the 16th century. The modern Philippine Peso was officially established in 1949, following the Philippines' independence from American colonial rule. Since then, the Peso has undergone several changes, including reforms to improve its stability, and it has adapted to meet the needs of a rapidly growing and diversifying economy.

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is responsible for issuing and regulating the Philippine Peso. Established in 1993, the BSP aims to maintain price stability, manage inflation, and ensure financial stability. The central bank formulates monetary policy, sets interest rates, and manages the supply of money to maintain the stability of the Peso. The BSP also monitors the foreign exchange market and intervenes when necessary to reduce excessive volatility and maintain confidence in the currency.

The Philippine Peso is issued in both coin and banknote forms. Coins are available in denominations of 1, 5, 10, and 25 centavos, as well as 1, 5, 10, and 20 Pesos. Banknotes are issued in denominations of 20, 50, 100, 200, 500, and 1,000 Pesos. Each banknote features notable figures from Philippine history, such as José Rizal, the national hero known for his role in the struggle for independence, and Andrés Bonifacio, the founder of the Katipunan revolutionary movement. The reverse sides of the banknotes depict iconic natural landmarks, such as the Taal Volcano and the Banaue Rice Terraces, reflecting the country’s rich natural heritage and cultural pride. The banknotes also include advanced security features to prevent counterfeiting, such as watermarks, security threads, and holographic patches.

The Philippine economy is one of the fastest-growing in Southeast Asia, driven by sectors such as agriculture, manufacturing, services, and the business process outsourcing (BPO) industry. The Peso plays an essential role in facilitating economic activities across the country, from small-scale trade in local markets to large-scale industrial transactions. A significant portion of the Philippine economy is also supported by remittances from millions of overseas Filipino workers, whose contributions help boost domestic spending and strengthen the Peso. The value of the Peso is influenced by factors such as economic growth, inflation, interest rates, and global trade dynamics.

The Philippine Peso is used throughout the country for all types of transactions, from everyday purchases in bustling markets and shopping malls to major business transactions in Manila’s financial districts. Tourists visiting the Philippines will use the Peso for their travel expenses, including exploring famous attractions such as Boracay’s pristine beaches, the Chocolate Hills of Bohol, and the historic walled city of Intramuros in Manila. The Peso serves as a symbol of the Philippines' cultural heritage, economic independence, and resilience in the face of challenges.

The Philippine Peso has demonstrated resilience over the years, withstanding various economic and political challenges. The country's economic reforms, focus on infrastructure development, and commitment to financial stability have helped maintain the value of the Peso and ensured its role as a trusted currency in the region. As the Philippines continues to grow and establish itself as an important player in the Southeast Asian economy, the Philippine Peso remains a symbol of the nation’s progress, dynamism, and 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