Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
base info Red The Mal

Red The Mal to United Arab Emirates Dirham Converter and calculator

Convert 1Red The Mal (RED) to United Arab Emirates Dirham (AED) equals د.إ 0.008034 | Bitget
RED
RED
swap
AED
Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter offers real-time exchange rates, allowing for easy conversion of Red The Mal(RED) to United Arab Emirates Dirham(AED). This is the real-time data. The current conversion shows 1 RED at a value of 1 RED for 0.01 AED . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

AED information

About the United Arab Emirates Dirham (AED)

What Is the United Arab Emirates Dirham (AED)?

The United Arab Emirates Dirham, abbreviated as AED and locally referred to as Dh (singular) or Dhs (plural), is the sole legal tender in the United Arab Emirates (UAE). The United Arab Emirates is a federation of seven emirates including Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, Fujairah, and Ras Al Khaimah. The symbol for the United Arab Emirates Dirham is د.إ, which is derived from its Arabic name "درهم إماراتي". The dirham, subdivided into 100 fils, is pegged to the United States Dollar at a rate of approximately 3.67 AED to 1 USD. x

The United Arab Emirates Dirham (AED) is issued by the Central Bank of the United Arab Emirates. The Central Bank is responsible for managing the currency, including its design, production, and distribution. It also oversees the monetary and financial stability of the currency, along with implementing monetary policies and maintaining foreign reserves.

What Is the History of AED?

The term 'dirham' traces its origins to the Greek drachma. Before 1966, the Gulf rupee, pegged to the Indian rupee, was in use across the emirates. Following India's devaluation of the Gulf rupee, the UAE, then the Trucial States, adopted various currencies, including the Qatar and Dubai riyal and the Bahraini dinar. In 1973, the UAE dirham was established as the unified currency, replacing the Bahraini dinar in Abu Dhabi and the Qatar and Dubai riyal in other emirates.

Notes and Coins of AED

The UAE introduced coins in denominations of 1, 5, 10, 25, and 50 fils, and 1 dirham in 1973. These coins feature Eastern Arabic numerals and Arabic text. The smaller denominations (1, 5, and 10 fils) are less commonly used, leading to rounding of amounts in transactions. The UAE has also issued commemorative coins for various events.

Banknotes were introduced in 1973 in denominations ranging from 1 to 1000 dirhams. Over the years, new series have been released, with the latest including polymer notes to commemorate significant national events. These notes feature Arabic texts and Eastern Arabic numerals on the obverse, and English texts with Arabic numerals on the reverse.

Exchange Rates and International Use

Since 1978, the dirham has been officially pegged to the IMF's special drawing rights (SDRs), but in practice, it has been closely tied to the U.S. dollar. This pegging ensures a stable exchange rate, making the AED a reliable currency for international trade and finance.

Is AED a Stable Currency?

The United Arab Emirates Dirham (AED) is considered a stable currency, largely due to its peg to the US Dollar at a fixed rate of about 3.67 AED to 1 USD, which ensures consistent exchange rates and protects it from market volatility. The UAE's strong and diverse economy, with significant income from oil, trade, tourism, and finance, supports the dirham's stability. The country's substantial foreign currency reserves further strengthen its financial position. The Central Bank of the UAE plays a crucial role in maintaining this stability through effective monetary policies and banking sector regulation. Additionally, the UAE's prominent economic and political role in the Middle East enhances confidence in the dirham, contributing to its reliability and stability as a currency.

Is AED Pegged to USD?

Yes, the United Arab Emirates Dirham (AED) is pegged to the United States Dollar (USD). The peg has been in place since the early 1970s. Under this arrangement, the value of the AED is fixed in terms of the USD, and the Central Bank of the UAE maintains this fixed exchange rate by ensuring that it holds sufficient foreign exchange reserves, primarily in USD, to support the peg. This means that the AED has a set exchange rate against the USD, and fluctuations in the value of the dollar directly impact the value of the dirham.

Show more
Bitget crypto-to-fiat exchange data shows that the most popular Red The Mal currency pair is the RED to AED, with for Red The Mal's currency code being RED. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AED.

RED to AED conversion rate trend

1D7D1M3M1YAll
In the past 1D, Red The Mal has changed +2.98% to AED. Based on the trend and price charts, Red The Mal(RED) has changed +2.98% to AED while United Arab Emirates Dirham(AED) has changed % to RED in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
د.إ0.008116
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/11/29 16:33:53(UTC+0)

How to buy Red The Mal

buy-coin-step-0-img
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
buy-coin-step-1-img
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
buy-coin-step-2-img
Buy Red The Mal (RED)
Use a variety of payment options to buy Red The Mal on Bitget. We'll show you how.

Buy RED (or USDT) for AED (United Arab Emirates Dirham) offers

Bitget P2P trading does not currently support direct buying of RED with AED. However, you can buy USDT in Bitget P2P trading first, and then buy RED with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
No matching ads found.

Sell RED (or USDT) for AED (United Arab Emirates Dirham) offers

Bitget P2P trading currently does not support direct selling of RED to AED. However, you can first exchange RED for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
No matching ads found.

What factors influence the conversion rate of Red The Mal to United Arab Emirates Dirham?

Red The Mal to United Arab Emirates Dirham is falling this week.
Red The Mal's current market price is د.إ 0.008034 per RED, with a total market cap of د.إ 0 AED based on a circulating supply of -- RED. The trading volume of Red The Mal has changed by -3.19% (د.إ -35.48 AED) in the last 24 hours. Last trading day, RED's trading volume was د.إ 1,110.51.
Market cap
$0
24h volume
$292.68634843
Circulating supply
0 RED

Conversion tables

The exchange rate of Red The Mal is decreasing.
1 RED is currently valued at د.إ 0.008034 AED , which means buying 5 RED will cost د.إ 0.04017 AED . Similarly, د.إ1 AED can be traded for 124.47 RED, and د.إ50 AED can be converted to 6,223.41 RED, excluding any platform or gas fees.
The exchange rate of 1 RED to United Arab Emirates Dirham has changed by -18.30% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.98%, reaching a high of 0.008116 AED and a low of 0.007801 AED . One month ago, the value of 1 RED was د.إ 0.009251 AED , which represents a -13.16% change from its current value. Over the last year, Red The Mal has changed by
+د.إ
0.008034AED
, resulting in a change of -92.47% in its value.

RED to AED

Amount
00:26 am today
0.5 RED
د.إ0.004017
1 RED
د.إ0.008034
5 RED
د.إ0.04017
10 RED
د.إ0.08034
50 RED
د.إ0.4017
100 RED
د.إ0.8034
500 RED
د.إ4.02
1000 RED
د.إ8.03

AED to RED

Amount00:26 am today
0.5AED62.23  RED
1AED124.47  RED
5AED622.34  RED
10AED1,244.68  RED
50AED6,223.41  RED
100AED12,446.83  RED
500AED62,234.13  RED
1000AED124,468.27  RED

Today vs. 24 hours ago

Amount00:26 am today24 hours ago24h change
0.5 RED$0.001094$0.001062
+2.98%
1 RED$0.002187$0.002124
+2.98%
5 RED$0.01094$0.01062
+2.98%
10 RED$0.02187$0.02124
+2.98%
50 RED$0.1094$0.1062
+2.98%
100 RED$0.2187$0.2124
+2.98%
500 RED$1.09$1.06
+2.98%
1000 RED$2.19$2.12
+2.98%

Today vs. 1 month ago

Amount00:26 am today1 month ago1M change
0.5 RED$0.001094$0.001259
-13.16%
1 RED$0.002187$0.002519
-13.16%
5 RED$0.01094$0.01259
-13.16%
10 RED$0.02187$0.02519
-13.16%
50 RED$0.1094$0.1259
-13.16%
100 RED$0.2187$0.2519
-13.16%
500 RED$1.09$1.26
-13.16%
1000 RED$2.19$2.52
-13.16%

Today vs. 1 year ago

Amount00:26 am today1 year ago1Y change
0.5 RED$0.001094$0.00
-92.47%
1 RED$0.002187$0.00
-92.47%
5 RED$0.01094$0.00
-92.47%
10 RED$0.02187$0.00
-92.47%
50 RED$0.1094$0.00
-92.47%
100 RED$0.2187$0.00
-92.47%
500 RED$1.09$0.00
-92.47%
1000 RED$2.19$0.00
-92.47%

Red The Mal price prediction

What will the price of RED be in 2025?

Based on RED's historical price performance prediction model, the price of RED is projected to reach $0.007227 in 2025.

What will the price of RED be in 2030?

In 2030, the RED price is expected to change by -11.00%. By the end of 2030, the RED price is projected to reach $0.01013, with a cumulative ROI of +366.98%.

Bitget Earn

A safe, convenient, and professional platform to maximize your crypto asset profits.
Coin

APR

Action

Latest coin listings on Bitget

New listings

FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Red The Mal and AED.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Red The Mal and AED. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Red The Mal in AED, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.