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PARSIQ to United Arab Emirates Dirham Converter and calculator

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Convert 1PARSIQ (PRQ) to United Arab Emirates Dirham (AED) equals د.إ 0.3300 | 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 PARSIQ(PRQ) to United Arab Emirates Dirham(AED). This is the real-time data. The current conversion shows 1 PRQ at a value of 1 PRQ for 0.33 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 PARSIQ currency pair is the PRQ to AED, with for PARSIQ's currency code being PRQ. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AED.

PRQ to AED conversion rate trend

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In the past 1D, PARSIQ has changed -11.81% to AED. Based on the trend and price charts, PARSIQ(PRQ) has changed -11.81% to AED while United Arab Emirates Dirham(AED) has changed % to PRQ in the last 24 hours.

PRQ to AED market statistics

PRQ/AED:
د.إ 0.3300
PRQ 24h volume:
د.إ 7,460,494.31
PRQ market cap:
د.إ 102,380,634.91
PRQ circulating supply:
310.26M PRQ

Current PRQ to AED exchange rate

PARSIQ to United Arab Emirates Dirham is falling this week.
PARSIQ's current market price is د.إ 0.3300 per PRQ, with a total market cap of د.إ 102,380,634.91 AED based on a circulating supply of 310,256,860 PRQ. The trading volume of PARSIQ has changed by -44.29% (د.إ -5,931,935.89 AED) in the last 24 hours. Last trading day, PRQ's trading volume was د.إ 13,392,430.2.

PRQ to AED Conversion tables

The exchange rate of PARSIQ is decreasing.
1 PRQ is currently valued at د.إ 0.3300 AED , which means buying 5 PRQ will cost د.إ 1.65 AED . Similarly, د.إ1 AED can be traded for 3.03 PRQ, and د.إ50 AED can be converted to 151.52 PRQ, excluding any platform or gas fees.
The exchange rate of 1 PRQ to United Arab Emirates Dirham has changed by -12.68% in the last 7 days. In the last 24 hours, the rate has fluctuated by -11.81%, reaching a high of 0.3636 AED and a low of 0.3297 AED . One month ago, the value of 1 PRQ was د.إ 0.7207 AED , which represents a -54.01% change from its current value. Over the last year, PARSIQ has changed by
-د.إ
0.3167AED
, resulting in a change of -48.77% in its value.

PRQ to AED

Amount
16:29 today
0.5 PRQ
د.إ0.1650
1 PRQ
د.إ0.3300
5 PRQ
د.إ1.65
10 PRQ
د.إ3.3
50 PRQ
د.إ16.5
100 PRQ
د.إ33
500 PRQ
د.إ164.99
1000 PRQ
د.إ329.99

AED to PRQ

Amount16:29 today
0.5AED1.52  PRQ
1AED3.03  PRQ
5AED15.15  PRQ
10AED30.3  PRQ
50AED151.52  PRQ
100AED303.04  PRQ
500AED1,515.21  PRQ
1000AED3,030.43  PRQ
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PRQ to AED Today vs. 24 hours ago

Amount16:29 today24 hours ago24h change
0.5 PRQد.إ0.1650د.إ0.1873
-11.81%
1 PRQد.إ0.3300د.إ0.3745
-11.81%
5 PRQد.إ1.65د.إ1.87
-11.81%
10 PRQد.إ3.3د.إ3.75
-11.81%
50 PRQد.إ16.5د.إ18.73
-11.81%
100 PRQد.إ33د.إ37.45
-11.81%
500 PRQد.إ164.99د.إ187.27
-11.81%
1000 PRQد.إ329.99د.إ374.55
-11.81%

PRQ to AED Today vs. 1 month ago

Amount16:29 today1 month ago1M change
0.5 PRQد.إ0.1650د.إ0.3604
-54.01%
1 PRQد.إ0.3300د.إ0.7207
-54.01%
5 PRQد.إ1.65د.إ3.6
-54.01%
10 PRQد.إ3.3د.إ7.21
-54.01%
50 PRQد.إ16.5د.إ36.04
-54.01%
100 PRQد.إ33د.إ72.07
-54.01%
500 PRQد.إ164.99د.إ360.37
-54.01%
1000 PRQد.إ329.99د.إ720.75
-54.01%

PRQ to AED Today vs. 1 year ago

Amount16:29 today1 year ago1Y change
0.5 PRQد.إ0.1650د.إ0.3234
-48.77%
1 PRQد.إ0.3300د.إ0.6467
-48.77%
5 PRQد.إ1.65د.إ3.23
-48.77%
10 PRQد.إ3.3د.إ6.47
-48.77%
50 PRQد.إ16.5د.إ32.34
-48.77%
100 PRQد.إ33د.إ64.67
-48.77%
500 PRQد.إ164.99د.إ323.35
-48.77%
1000 PRQد.إ329.99د.إ646.71
-48.77%

How to convert PRQ to AED

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

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

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

Bitget P2P trading currently does not support direct selling of PRQ to AED. However, you can first exchange PRQ 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 PRQ to AED?

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

PARSIQ price prediction

What will the price of PRQ be in 2026?

Based on PRQ's historical price performance prediction model, the price of PRQ is projected to reach $0.1306 in 2026.

What will the price of PRQ be in 2031?

In 2031, the PRQ price is expected to change by +22.00%. By the end of 2031, the PRQ price is projected to reach $0.1736, with a cumulative ROI of +83.08%.

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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 PARSIQ 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 PARSIQ 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 PARSIQ 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.