Convert 159 United Arab Emirates Dirham (AED) to Swiss Franc (CHF)
Exchange rates used for currency conversion updated on 19th July 2018 ( 19/07/2018 )
Below you will find the latest exchange rate for exchanging United Arab Emirates Dirham (AED) to Swiss Franc (CHF) , a table containing most common conversions and a chart with the pair's evolution.
The United Arab Emirates Dirham (AED) to Swiss Franc (CHF) 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 om;ine 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 Swiss Franc (CHF)
CHF represents the Swiss franc in international currency markets where it is the sixth most traded currency and it remains the fifth largest world reserve currency. The CHF is under the monetary policy directives of the Swiss National Bank which has an interpreted mandate of price stability. Once thought of as a safe haven currency the CHF experienced a de facto devaluation in 2011 as the worldwide rush toward safety threatened the underlying Swiss economy.