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Verse to United Arab Emirates Dirham Converter and calculator

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Convert 1Verse (VERSE) to United Arab Emirates Dirham (MKD) equals ден 0.004172 | 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 Verse(VERSE) to United Arab Emirates Dirham(MKD). This is the real-time data. The current conversion shows 1 VERSE at a value of 1 VERSE for 0.00 MKD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

MKD 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 Verse currency pair is the VERSE to MKD, with for Verse's currency code being VERSE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MKD.

VERSE to MKD conversion rate trend

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In the past 1D, Verse has changed +10.32% to MKD. Based on the trend and price charts, Verse(VERSE) has changed +10.32% to MKD while United Arab Emirates Dirham(MKD) has changed % to VERSE in the last 24 hours.

VERSE to MKD market statistics

VERSE/MKD:
ден 0.004172
VERSE 24h volume:
ден 2,693,435.79
VERSE market cap:
ден 122,272,199.06
VERSE circulating supply:
29.31B VERSE

Current VERSE to MKD exchange rate

Verse to United Arab Emirates Dirham is falling this week.
Verse's current market price is ден 0.004172 per VERSE, with a total market cap of ден 122,272,199.06 MKD based on a circulating supply of 29,306,943,000 VERSE. The trading volume of Verse has changed by +471.29% (ден 2,221,968.3 MKD) in the last 24 hours. Last trading day, VERSE's trading volume was ден 471,467.49.

VERSE to MKD Conversion tables

The exchange rate of Verse is increasing.
1 VERSE is currently valued at ден 0.004172 MKD , which means buying 5 VERSE will cost ден 0.02086 MKD . Similarly, ден1 MKD can be traded for 239.69 VERSE, and ден50 MKD can be converted to 11,984.3 VERSE, excluding any platform or gas fees.
The exchange rate of 1 VERSE to United Arab Emirates Dirham has changed by -7.17% in the last 7 days. In the last 24 hours, the rate has fluctuated by +10.32%, reaching a high of 0.005848 MKD and a low of 0.003794 MKD . One month ago, the value of 1 VERSE was ден 0.003634 MKD , which represents a +14.82% change from its current value. Over the last year, Verse has changed by
-ден
0.01275MKD
, resulting in a change of -75.35% in its value.

VERSE to MKD

Amount
07:17 am today
0.5 VERSE
ден0.002086
1 VERSE
ден0.004172
5 VERSE
ден0.02086
10 VERSE
ден0.04172
50 VERSE
ден0.2086
100 VERSE
ден0.4172
500 VERSE
ден2.09
1000 VERSE
ден4.17

MKD to VERSE

Amount07:17 am today
0.5MKD119.84  VERSE
1MKD239.69  VERSE
5MKD1,198.43  VERSE
10MKD2,396.86  VERSE
50MKD11,984.3  VERSE
100MKD23,968.61  VERSE
500MKD119,843.04  VERSE
1000MKD239,686.08  VERSE
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VERSE to MKD Today vs. 24 hours ago

Amount07:17 am today24 hours ago24h change
0.5 VERSEден0.002086ден0.001891
+10.32%
1 VERSEден0.004172ден0.003782
+10.32%
5 VERSEден0.02086ден0.01891
+10.32%
10 VERSEден0.04172ден0.03782
+10.32%
50 VERSEден0.2086ден0.1891
+10.32%
100 VERSEден0.4172ден0.3782
+10.32%
500 VERSEден2.09ден1.89
+10.32%
1000 VERSEден4.17ден3.78
+10.32%

VERSE to MKD Today vs. 1 month ago

Amount07:17 am today1 month ago1M change
0.5 VERSEден0.002086ден0.001817
+14.82%
1 VERSEден0.004172ден0.003634
+14.82%
5 VERSEден0.02086ден0.01817
+14.82%
10 VERSEден0.04172ден0.03634
+14.82%
50 VERSEден0.2086ден0.1817
+14.82%
100 VERSEден0.4172ден0.3634
+14.82%
500 VERSEден2.09ден1.82
+14.82%
1000 VERSEден4.17ден3.63
+14.82%

VERSE to MKD Today vs. 1 year ago

Amount07:17 am today1 year ago1Y change
0.5 VERSEден0.002086ден0.008460
-75.35%
1 VERSEден0.004172ден0.01692
-75.35%
5 VERSEден0.02086ден0.08460
-75.35%
10 VERSEден0.04172ден0.1692
-75.35%
50 VERSEден0.2086ден0.8460
-75.35%
100 VERSEден0.4172ден1.69
-75.35%
500 VERSEден2.09ден8.46
-75.35%
1000 VERSEден4.17ден16.92
-75.35%

How to convert VERSE to MKD

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Buy VERSE (or USDT) for MKD (Macedonian Denar) offers

Bitget P2P trading does not currently support direct buying of VERSE with MKD. However, you can buy USDT in Bitget P2P trading first, and then buy VERSE with USDT via Bitget spot market.
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Low to high
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Sell VERSE (or USDT) for MKD (Macedonian Denar) offers

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

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

Verse Price Prediction

What will the price of VERSE be in 2026?

Based on VERSE's historical price performance prediction model, the price of VERSE is projected to reach $0.{4}9306 in 2026.

What will the price of VERSE be in 2031?

In 2031, the VERSE price is expected to change by -4.00%. By the end of 2031, the VERSE price is projected to reach $0.0001338, with a cumulative ROI of +70.39%.

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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 Verse and MKD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Verse and MKD. 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 Verse in MKD, 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.