1,500 AED to PHP: A Guide to Converting UAE Dirhams to Philippine Pesos
Are you planning a trip from the United Arab Emirates (UAE) to the Philippines or need to send money to a loved one in the Philippines? Knowing the exchange rate between the UAE Dirham (AED) and the Philippine Peso (PHP) is essential. In this article, we will provide you with the current exchange rate and a step-by-step guide on how to convert 1,500 AED to PHP.
Current Exchange Rate
The current exchange rate between AED and PHP is approximately:
1 AED = 13.50 PHP
Please note that exchange rates may fluctuate frequently, so it's essential to check the current rate before making any transactions.
Converting 1,500 AED to PHP
Now, let's convert 1,500 AED to PHP using the current exchange rate:
1,500 AED x 13.50 PHP/AED = 20,250 PHP
So, 1,500 AED is equivalent to approximately 20,250 PHP.
Exchange Rate History
Here's a brief history of the exchange rate between AED and PHP:
| Date | Exchange Rate (AED to PHP) |
|---|---|
| 1 year ago | 1 AED = 12.90 PHP |
| 6 months ago | 1 AED = 13.20 PHP |
| 3 months ago | 1 AED = 13.40 PHP |
| Current | 1 AED = 13.50 PHP |
As you can see, the exchange rate has been increasing over the past year, which means the value of the AED has strengthened against the PHP.
How to Exchange AED to PHP
There are several ways to exchange AED to PHP, including:
1. Banks
You can exchange AED to PHP at banks that offer foreign currency exchange services. Be sure to compare rates and fees among different banks to get the best deal.
2. Currency Exchange Offices
Specialized currency exchange offices, such as Travelex or UAE Exchange, offer competitive exchange rates and convenient services.
3. Online Money Transfer Services
Online services like Western Union, MoneyGram, or PayPal allow you to send money online to the Philippines. These services often offer competitive exchange rates and lower fees than traditional banks.
4. Mobile Wallets
Some mobile wallets, such as TransferWise or WorldRemit, enable you to send money internationally at competitive exchange rates and low fees.
Conclusion
In conclusion, converting 1,500 AED to PHP is a straightforward process. With the current exchange rate, 1,500 AED is equivalent to approximately 20,250 PHP. Remember to check the current exchange rate and compare rates and fees among different exchange services to get the best deal.
