Why AED is so stable despite UAE’s large portion of economy is dependent on crude and they are making import of all the things.
Now all the country’s are researching on renewable sources of energy, may affect the demand of crude.
We also know about supply which will not last forever.
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AED Currency rate
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UAE saw all this happening around a couple of decades ago and reduced their dependence on Oil…they diversified into other areas.
Also, an exchange rate can remain pretty stable despite strong or poor fundamentals for very long periods of time due to government intervention and also the relative fundamentals of other countries.