Convert 120 United Arab Emirates Dirham (AED) to Euro (EUR)
Exchange rates used for currency conversion updated on August 01st 2021 ( 08/01/2021 )
Below you will find the latest exchange rates for exchanging United Arab Emirates Dirham (AED) to Euro (EUR) , a table containing most common conversions and a chart with the pair's evolution.
The United Arab Emirates Dirham (AED) to Euro (EUR) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
AED is the currency code for the United Arab Emirates dirham and is the official currency of the United Arab Emirates (UAE). The dirham is issued in increments of 1/100 dirham = 1 fils. Fils can be confused because of the "s" at the end and appear plural, but fils is in fact a singular word. AED is denominated in 25 fils, 50 fils, and 1 dirham coins and 5, 10, 20, 50, 100, 200, 500, and 1000 dirhams banknotes. The economy of the UAE is advanced, boasting the third highest GDP per capita in the world, the value of the AED is pegged to the United States Dollar, and the currency is issued by the Central Bank of the United Arab Emirates.
About Euro (EUR)
Governed by the Eurosystem, comprised of the European Central Bank and the central banks of each represented member state, the euro is a currency that reflects an aggregate of 17 of the 27 European Union member states. It is the second most used world reserve currency, involved in over 20% of traded currency pairs, used by over 500 million people worldwide, the largest worldwide currency in circulation, and its member states represent 14.6% of world GDP.