1 Burmese Kyat to United Arab Emirates Dirhams
Find the daily exchange rates for MMK/AED and for all the top World currencies.
Today 1 Burmese Kyat is worth 0.00113 AED while 1 United Arab Emirates Dirham is worth 884.27413 MMK.
Burmese Kyat / United Arab Emirates Dirham ratio is the value of the Burmese Kyat in United Arab Emirates Dirham.
MMK/AED thus refers to the exchange rate of the Burmese Kyat in United Arab Emirates Dirham, ie the value of the Burmese currency expressed in Arabian currency.
The notation used is MMK / AED, but there are others, such as MMKAED or MMK-AED. The symbol for MMK can be written K.
The symbol for AED can be written Dh.
MMK to AED Exchange Rates Table
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Countries That Use Burmese Kyat (MMK) as their official currency
The Burmese Kyat (MMK) is used as the main currency in the following countries: Burma
Countries That Use United Arab Emirates Dirham (AED) as their official currency
The United Arab Emirates Dirham (United Arab Emirates Dirham) is used as the main currency in the following countries: United Arab Emirates
About The Burmese Kyat (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.
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