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Dragonchain to United Arab Emirates Dirham Converter and calculator

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Convert 1Dragonchain (DRGN) to United Arab Emirates Dirham (AED) equals د.إ 0.1564 | Bitget
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Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Dragonchain(DRGN) to United Arab Emirates Dirham(AED). This is the real-time data. The current conversion shows 1 DRGN at a value of 1 DRGN for 0.16 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.

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

DRGN to AED conversion rate trend

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In the past 1D, Dragonchain has changed +0.38% to AED. Based on the trend and price charts, Dragonchain(DRGN) has changed +0.38% to AED while United Arab Emirates Dirham(AED) has changed % to DRGN in the last 24 hours.

DRGN to AED market statistics

DRGN/AED:
د.إ 0.1564
DRGN 24h volume:
د.إ 19,780.53
DRGN market cap:
د.إ 57,974,048.59
DRGN circulating supply:
370.77M DRGN

Current DRGN to AED exchange rate

Dragonchain to United Arab Emirates Dirham is falling this week.
Dragonchain's current market price is د.إ 0.1564 per DRGN, with a total market cap of د.إ 57,974,048.59 AED based on a circulating supply of 370,772,640 DRGN. The trading volume of Dragonchain has changed by +92.99% (د.إ 9,530.81 AED) in the last 24 hours. Last trading day, DRGN's trading volume was د.إ 10,249.72.

DRGN to AED Conversion tables

The exchange rate of Dragonchain is decreasing.
1 DRGN is currently valued at د.إ 0.1564 AED , which means buying 5 DRGN will cost د.إ 0.7818 AED . Similarly, د.إ1 AED can be traded for 6.4 DRGN, and د.إ50 AED can be converted to 319.77 DRGN, excluding any platform or gas fees.
The exchange rate of 1 DRGN to United Arab Emirates Dirham has changed by -6.29% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.38%, reaching a high of 0.1620 AED and a low of 0.1550 AED . One month ago, the value of 1 DRGN was د.إ 0.2078 AED , which represents a -24.86% change from its current value. Over the last year, Dragonchain has changed by
-د.إ
0.1366AED
, resulting in a change of -46.74% in its value.

DRGN to AED

Amount
13:19 today
0.5 DRGN
د.إ0.07818
1 DRGN
د.إ0.1564
5 DRGN
د.إ0.7818
10 DRGN
د.إ1.56
50 DRGN
د.إ7.82
100 DRGN
د.إ15.64
500 DRGN
د.إ78.18
1000 DRGN
د.إ156.36

AED to DRGN

Amount13:19 today
0.5AED3.2  DRGN
1AED6.4  DRGN
5AED31.98  DRGN
10AED63.95  DRGN
50AED319.77  DRGN
100AED639.55  DRGN
500AED3,197.75  DRGN
1000AED6,395.49  DRGN
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DRGN to AED Today vs. 24 hours ago

Amount13:19 today24 hours ago24h change
0.5 DRGNد.إ0.07818د.إ0.07789
+0.38%
1 DRGNد.إ0.1564د.إ0.1558
+0.38%
5 DRGNد.إ0.7818د.إ0.7789
+0.38%
10 DRGNد.إ1.56د.إ1.56
+0.38%
50 DRGNد.إ7.82د.إ7.79
+0.38%
100 DRGNد.إ15.64د.إ15.58
+0.38%
500 DRGNد.إ78.18د.إ77.89
+0.38%
1000 DRGNد.إ156.36د.إ155.78
+0.38%

DRGN to AED Today vs. 1 month ago

Amount13:19 today1 month ago1M change
0.5 DRGNد.إ0.07818د.إ0.1039
-24.86%
1 DRGNد.إ0.1564د.إ0.2078
-24.86%
5 DRGNد.إ0.7818د.إ1.04
-24.86%
10 DRGNد.إ1.56د.إ2.08
-24.86%
50 DRGNد.إ7.82د.إ10.39
-24.86%
100 DRGNد.إ15.64د.إ20.78
-24.86%
500 DRGNد.إ78.18د.إ103.92
-24.86%
1000 DRGNد.إ156.36د.إ207.83
-24.86%

DRGN to AED Today vs. 1 year ago

Amount13:19 today1 year ago1Y change
0.5 DRGNد.إ0.07818د.إ0.1465
-46.74%
1 DRGNد.إ0.1564د.إ0.2929
-46.74%
5 DRGNد.إ0.7818د.إ1.46
-46.74%
10 DRGNد.إ1.56د.إ2.93
-46.74%
50 DRGNد.إ7.82د.إ14.65
-46.74%
100 DRGNد.إ15.64د.إ29.29
-46.74%
500 DRGNد.إ78.18د.إ146.47
-46.74%
1000 DRGNد.إ156.36د.إ292.94
-46.74%

How to convert DRGN to AED

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Convert DRGN to AED
Use a variety of payment options to buy Dragonchain on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of DRGN with AED. However, you can buy USDT in Bitget P2P trading first, and then buy DRGN with USDT via Bitget spot market.
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Sell DRGN (or USDT) for AED (United Arab Emirates Dirham) offers

Bitget P2P trading currently does not support direct selling of DRGN to AED. However, you can first exchange DRGN 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
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What factors influence the conversion rate of DRGN to AED?

There are many factors that affect the relationship between Dragonchain 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 DRGN/AED. When there is positive news in the market about the widespread adoption of DRGN or major technological breakthroughs, it tends to trigger market optimism and drive the rise of DRGN/AED. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in DRGN/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.
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 DRGN/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 Dragonchain and adjust their investment strategies accordingly in the evolving market.

Dragonchain price prediction

What will the price of DRGN be in 2026?

Based on DRGN's historical price performance prediction model, the price of DRGN is projected to reach $0.04440 in 2026.

What will the price of DRGN be in 2031?

In 2031, the DRGN price is expected to change by +1.00%. By the end of 2031, the DRGN price is projected to reach $0.05658, with a cumulative ROI of +29.31%.

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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 Dragonchain 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 Dragonchain 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 Dragonchain 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.