💱 UAE Exchange Rates
Real-time currency exchange rates from UAE Central Bank
Live Exchange Rates (vs AED)
| Currency | Mid Rate |
|---|---|
| 🇺🇸USD | - |
| 🇪🇺EUR | - |
| 🇬🇧GBP | - |
| 🇸🇦SAR | - |
| 🇮🇳INR | - |
| 🇵🇰PKR | - |
| 🇵🇭PHP | - |
| 🇪🇬EGP | - |
| 🇱🇰LKR | - |
| 🇧🇩BDT | - |
| 🇳🇵NPR | - |
UAE Exchange Rates Guide: Everything You Need to Know
The AED Peg to USD
The United Arab Emirates Dirham (AED) has been pegged to the US Dollar (USD) since 1997. The official fixed rate is 1 USD = 3.6725 AED. This means the exchange rate between these two currencies does not fluctuate, providing stability for the UAE's economy and trade.
Understanding Remittance Rates
While the central bank rate is fixed, exchange houses and banks charge a 'spread' (the difference between the buy and sell rate) and often a service fee. The rate you see on Google (mid-market rate) is rarely the rate you get when sending money. Always compare the 'effective rate' after fees.
Factors Affecting Exchange Rates
- Global Market Trends: For non-pegged currencies (like EUR, GBP, INR, PHP), rates fluctuate based on economic data, inflation, and geopolitical events.
- Oil Prices: As an oil-exporting nation, the UAE's economy is linked to energy markets, though the USD peg shields the currency value directly.
- Interest Rates: The UAE Central Bank typically follows the US Federal Reserve's interest rate decisions due to the currency peg.
Tips for Better Conversions
To get the best value when sending money home: compare multiple exchange houses (Al Ansari, Lulu, etc.), consider digital-only banks or remittance apps which often have lower fees, and watch the market trends for your target currency to lock in good rates.