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Palette to United Arab Emirates Dirham Converter and calculator

Convert 1Palette (PLT) to United Arab Emirates Dirham (AED) equals د.إ 218.56 | Bitget
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Last updated 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 Palette(PLT) to United Arab Emirates Dirham(AED). This is the real-time data. The current conversion shows 1 PLT at a value of 1 PLT for 218.56 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 Palette currency pair is the PLT to AED, with for Palette's currency code being PLT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AED.

PLT to AED conversion rate trend

1D7D1M3M1YAll
In the past 1D, Palette has changed -6.78% to AED. Based on the trend and price charts, Palette(PLT) has changed -6.78% to AED while United Arab Emirates Dirham(AED) has changed % to PLT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
د.إ218.56
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/23 08:31:23(UTC+0)

How to buy Palette

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Buy Palette (PLT)
Use a variety of payment options to buy Palette on Bitget. We'll show you how.

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

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

Bitget P2P trading currently does not support direct selling of PLT to AED. However, you can first exchange PLT 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
Zero fees
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What factors influence the conversion rate of Palette to United Arab Emirates Dirham?

Palette to United Arab Emirates Dirham is falling this week.
Palette's current market price is د.إ 218.56 per PLT, with a total market cap of د.إ 1,523,155.92 AED based on a circulating supply of 6,969 PLT. The trading volume of Palette has changed by 0.00% (د.إ 0 AED) in the last 24 hours. Last trading day, PLT's trading volume was د.إ 0.
Market cap
$414.70K
24h volume
$0
Circulating supply
6.97K PLT

Conversion tables

The exchange rate of Palette is decreasing.
1 PLT is currently valued at د.إ 218.56 AED , which means buying 5 PLT will cost د.إ 1,092.81 AED . Similarly, د.إ1 AED can be traded for 0.004575 PLT, and د.إ50 AED can be converted to 0.2288 PLT, excluding any platform or gas fees.
The exchange rate of 1 PLT to United Arab Emirates Dirham has changed by -17.13% in the last 7 days. In the last 24 hours, the rate has fluctuated by -6.78%, reaching a high of 234.47 AED and a low of 218.56 AED . One month ago, the value of 1 PLT was د.إ 223.26 AED , which represents a -2.11% change from its current value. Over the last year, Palette has changed by
-د.إ
2,149.62AED
, resulting in a change of -90.77% in its value.

PLT to AED

Amount
14:05 today
0.5 PLT
د.إ109.28
1 PLT
د.إ218.56
5 PLT
د.إ1,092.81
10 PLT
د.إ2,185.62
50 PLT
د.إ10,928.08
100 PLT
د.إ21,856.16
500 PLT
د.إ109,280.81
1000 PLT
د.إ218,561.62

AED to PLT

Amount14:05 today
0.5AED0.002288  PLT
1AED0.004575  PLT
5AED0.02288  PLT
10AED0.04575  PLT
50AED0.2288  PLT
100AED0.4575  PLT
500AED2.29  PLT
1000AED4.58  PLT

Today vs. 24 hours ago

Amount14:05 today24 hours ago24h change
0.5 PLT$29.75$31.92
-6.78%
1 PLT$59.51$63.84
-6.78%
5 PLT$297.53$319.19
-6.78%
10 PLT$595.07$638.38
-6.78%
50 PLT$2,975.33$3,191.88
-6.78%
100 PLT$5,950.66$6,383.76
-6.78%
500 PLT$29,753.28$31,918.81
-6.78%
1000 PLT$59,506.55$63,837.63
-6.78%

Today vs. 1 month ago

Amount14:05 today1 month ago1M change
0.5 PLT$29.75$30.39
-2.11%
1 PLT$59.51$60.79
-2.11%
5 PLT$297.53$303.93
-2.11%
10 PLT$595.07$607.86
-2.11%
50 PLT$2,975.33$3,039.32
-2.11%
100 PLT$5,950.66$6,078.64
-2.11%
500 PLT$29,753.28$30,393.22
-2.11%
1000 PLT$59,506.55$60,786.44
-2.11%

Today vs. 1 year ago

Amount14:05 today1 year ago1Y change
0.5 PLT$29.75$322.39
-90.77%
1 PLT$59.51$644.77
-90.77%
5 PLT$297.53$3,223.86
-90.77%
10 PLT$595.07$6,447.71
-90.77%
50 PLT$2,975.33$32,238.57
-90.77%
100 PLT$5,950.66$64,477.14
-90.77%
500 PLT$29,753.28$322,385.68
-90.77%
1000 PLT$59,506.55$644,771.36
-90.77%

Palette price prediction

What will the price of PLT be in 2025?

Based on PLT's historical price performance prediction model, the price of PLT is projected to reach $189.82 in 2025.

What will the price of PLT be in 2030?

In 2030, the PLT price is expected to change by +4.00%. By the end of 2030, the PLT price is projected to reach $398.63, with a cumulative ROI of +529.84%.

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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 Palette 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 Palette 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 Palette 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.