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PRL to AED Converter and calculator

PRL/AED: 1 PRL = 0.002055 AED. The price of converting 1 The Parallel (PRL) to United Arab Emirates Dirham (AED) is 0.002055 AED today.
PRL
PRL
AED
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PRL to AED real-time exchange rates, making it easy to convert The Parallel (PRL) to United Arab Emirates Dirham (AED). The conversion result is based on real-time data. The conversion result shows that 1 PRL is currently valued at 0.00 AED. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PRL is currently valued at 0.00 AED, which means buying 5 PRL would cost 0.01 AED. Similarly, د.إ1 AED can be converted to 486.58 PRL, and د.إ50 AED can be converted to 2,432.9 PRL, excluding any platform or gas fees.

Convert PRL to AED

Convert AED to PRL

The Parallel
United Arab Emirates Dirham
In the table above, you'll find a comprehensive PRL to AED converter that shows the value of The Parallel in United Arab Emirates Dirham across commonly used conversion amounts. The list covers conversions from 1 PRL to AED, all the way up to 10000 PRL, providing a clear view of their respective values.
United Arab Emirates Dirham
The Parallel
1000 AED
486,579.04 PRL
2000 AED
973,158.08 PRL
5000 AED
2,432,895.2 PRL
10000 AED
4,865,790.4 PRL
50000 AED
24,328,952.01 PRL
100000 AED
48,657,904.02 PRL
In the table above, you'll find a comprehensive AED to PRL converter that shows the value of United Arab Emirates Dirham in The Parallel across commonly used conversion amounts. The list covers conversions from 1 AED to PRL, all the way up to 100000 AED, providing a clear view of their respective values.

PRL to AED chart

PRL/AED: 1 PRL = 0.002055 AED; 2025/04/27 06:00:54
In the past 1D, The Parallel has changed -0.19% to AED. Based on the trend and price charts, The Parallel(PRL) has changed -0.19% to AED while United Arab Emirates Dirham(AED) has changed % to PRL in the last 24 hours.
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PRL to AED conversion data: Volatility and price changes of The Parallel in AED

The highest The Parallel price in AED over the past 7 days was 0.002061 AED while the lowest The Parallel price in AED over the past 7 days was 0.002048 AED. The relative change between the highs and lows in The Parallel price in AED over the last 7 days indicates a volatility of %. You can view additional volatility data and PRL to AED prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.002060 AED
0.002061 AED
0.002086 AED
0.002121 AED
Low
0.002054 AED
0.002048 AED
0.002048 AED
0.002048 AED
Average
0 AED
0 AED
0 AED
0 AED
Volatility
%
%
%
%
Change
-0.19%
+0.01%
-1.37%
-1.21%

The Parallel information

PRL to AED market statistics

PRL/AED:
د.إ0.002055
PRL 24h volume:
--
PRL market cap:
--
PRL circulating supply:
0 PRL

Current PRL to AED exchange rate

The Parallel to United Arab Emirates Dirham is rising this week.
The Parallel's current market price is د.إ0.002055 per PRL, with a total market cap of د.إ0 AED based on a circulating supply of -- PRL. The trading volume of The Parallel has changed by 0.00% (د.إ0 AED) in the last 24 hours. Last trading day, PRL's trading volume was د.إ0.

More info about The Parallel on Bitget

United Arab Emirates Dirham 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.

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

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How to convert PRL to AED

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PRL to AED Conversion tables

The exchange rate of The Parallel is decreasing.
The exchange rate of 1 PRL to United Arab Emirates Dirham has changed by +0.01% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.19%, reaching a high of 0.002060 AED and a low of 0.002054 AED . One month ago, the value of 1 PRL was د.إ0.002084 AED , which represents a -1.37% change from its current value. Over the last year, The Parallel has changed by
-د.إ
0.0005786AED
, resulting in a change of -21.96% in its value.
24 hours ago1 month ago1 year ago
Amount06:00 am today24 hours ago24h change
0.5 PRLد.إ0.001028د.إ0.001029
-0.19%
1 PRLد.إ0.002055د.إ0.002059
-0.19%
5 PRLد.إ0.01028د.إ0.01029
-0.19%
10 PRLد.إ0.02055د.إ0.02059
-0.19%
50 PRLد.إ0.1028د.إ0.1029
-0.19%
100 PRLد.إ0.2055د.إ0.2059
-0.19%
500 PRLد.إ1.03د.إ1.03
-0.19%
1000 PRLد.إ2.06د.إ2.06
-0.19%

PRL to AED FAQ

How much is 1 The Parallel in AED?
Right now, the price of 1 The Parallel (PRL) in United Arab Emirates Dirham (AED) is د.إ0.002055.
How much PRL can I buy for 1 AED?
Based on the current exchange rate, you can get 486.58 PRL for 1 AED.
How do I calculate or convert PRL to AED?
You can use our PRL to AED calculator at the top of this page to convert any amount of PRL to AED. We've also included quick-reference tables for the most popular conversions. For example, 5 AED is equivalent to 2,432.9 PRL, while 5 PRL will cost around 0.01028AED.
What is the highest price of PRL/AED in history?
The all-time high price of 1 PRL in AED is د.إ2.67. It remains to be seen if the value of 1 PRL/AED will exceed the current all-time high.
What is the price trend of The Parallel in AED?
Over the past 7 days, the exchange rate of The Parallel (PRL) has gone up by 0.01%.   Over the last month, the exchange rate of The Parallel (PRL) has gone down by 1.37% against United Arab Emirates Dirham (AED).

What factors influence the conversion rate of PRL to AED?

There are many factors that affect the relationship between The Parallel and United Arab Emirates Dirham, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of PRL/AED. When there is positive news in the market about the widespread adoption of PRL or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PRL/AED. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PRL/AED.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of PRL/AED. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of The Parallel and adjust their investment strategies accordingly in the evolving market.

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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.