The exchange rate forecast for the AED to OMR has seen significant developments recently, reflecting a complex interplay of local initiatives and broader economic factors. Currently, the AED is trading at 30-day highs near 0.1047 to the OMR, which aligns with its three-month average and indicates stability within a narrow range of 1.2% from 0.1039 to 0.1051.
A key influence on the AED's strength comes from the recent currency swap agreement between the UAE and Turkey, signed on October 2, 2025, valued at 18 billion AED ($4.9 billion). Analysts suggest that this arrangement enhances liquidity in local currencies, potentially boosting transactions and economic ties between the two nations. Such developments are anticipated to bolster investor confidence in the AED.
Additionally, the UAE central bank's decision to reduce interest rates by 0.25 percentage points on September 19, 2025, is likely to support the domestic economy through increased liquidity. The positive response in UAE stock markets underscores this revised economic outlook, which could indirectly support the AED against the OMR in the near term.
Moreover, the AED's recent appreciation against various Asian currencies provides an added layer of positive sentiment. This was particularly beneficial for expatriates, as remittances have become more valuable for recipients in their home currencies.
It is also essential to consider external influences, particularly oil prices, which impact the OMR as it is pegged to the USD and closely tied to oil revenues. Currently, oil prices are at 64.29 USD, 2.1% below their three-month average of 65.67 USD, indicating volatility amid a broader trading range of 60.96 to 70.13 USD. Analysts note that sustained lower oil prices may weigh on the OMR, potentially leading to fluctuations in the AED to OMR exchange rate.
In summary, while the AED is demonstrating strength against the OMR due to domestic economic improvements and favorable recent developments, external factors like oil price volatility must be monitored closely as they could affect future forecasts.
