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We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
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Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
The United Arab Emirates dirham (AED) continues to maintain its stable peg to the US dollar, fixed at approximately 3.6725 since 1997. As expected in a pegged currency regime, the AED to USD exchange rate remains steady at its 3-month average of 0.2723. FX analysts note that this stability is typical for the Gulf Cooperation Council (GCC) countries—excluding Kuwait—where tight monetary policies keep local currencies firmly aligned with the US dollar.
However, the AED has experienced notable dips against other major currencies, reaching 90-day lows in several key pairs. The exchange rate for AED to EUR has fallen to 0.2507, which is a significant 3.9% below its 3-month average of 0.2609. Similarly, the AED to GBP is currently at 0.2105, down 3.2% from its 3-month average of 0.2174. The trend is consistent with the exchange rate against the Japanese yen, where the AED has also hit a 90-day low of 40.14—4.2% lower than its 3-month average of 41.89. Economists suggest these movements could reflect broader shifts in market sentiment towards the Euro, British Pound, and Japanese Yen, potentially impacting international transactions for businesses and individuals relying on these currencies.
BestExchangeRates.com keeps you up-to-date on United Arab Emirates dirham forecasts by collating the views of reliable FX forecasters and economists together with recent AED price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.
Recent popular articles from our research team
The Swiss franc has experienced a significant surge, reaching a decade-high against the U.S. dollar, following President Donald Trump's announcement of increased tariffs on Chinese imports. This development has intensified market volatility and heightened demand for safe-haven assets.
The Chinese yuan has weakened following the United States' decision to impose a 125% tariff on Chinese imports, prompting the People's Bank of China to intervene to stabilize the currency.
We compare the features, exchange rates and security of the three best multi-currency accounts available today — the Wise Account, the WorldFirst World Account, and the OFX Global Currency Account.
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