Convert 248 Chinese Yuan (CNY) to United Arab Emirates Dirham (AED)
Exchange rates used for currency conversion updated on December 22nd 2024 ( 12/22/2024 )
Below you will find the latest exchange rates for exchanging Chinese Yuan (CNY) to United Arab Emirates Dirham (AED) , a table containing most common conversions and a chart with the pair's evolution.
The Chinese Yuan (CNY) to United Arab Emirates Dirham (AED) 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.
The currency exchange rate, calculated between Chinese Yuan and United Arab Emirates Dirham on 12/22/2024 is 1 CNY = 0.5034 AED - AVERAGE intraday quotes were used for this currency conversion.
CNY represents the Peoples Republic of China (PRC), Chinese peoples currency known as the renminbi and denominated in yuan. It is controlled by the Monetary Policy Authority within the PRC and has until recently not been allowed to be circulated outside of mainland China. Recent developments and gradual changed in PRC policies toward more open markets and less central planning are slowly distributing the yuan for use worldwide. This is a clear plan setting the stage for the PRC target of the CNY overtaking all currencies worldwide in the future.
About United Arab Emirates Dirham (AED)
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.
