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Foreign Exchange Guide to United Arab Emirates

Read this currency guide to United Arab Emirates with money transfer and travel tips.   [USD/AED=3.673]

United Arab Emirates
Country Code:
AE
Domestic Currency:
United Arab Emirates Dirham
Symbol - Code:
د.إ AED
Telephone Prefix:
+971

This is a foreign exchange guide to United Arab Emirates, the United Arab Emirates Dirham currency plus AED transfers and travel tips.


In this United Arab Emirates currency guide we take a look at :

  1. United Arab Emirates Dirham info - general info about the United Arab Emirates Dirham
  2. United Arab Emirates Dirham in the markets - recent AED moves and predictions from the FX markets
  3. Travelling in United Arab Emirates - currency & money saving tips
  4. Buying United Arab Emirates Dirham cash online - travel money for United Arab Emirates
  5. Sending money to United Arab Emirates - save on United Arab Emirates Dirham bank transfers to United Arab Emirates
  6. United Arab Emirates Dirham exchange rates - latest & historic exchange rates.

United Arab Emirates Dirham (AED) general currency information


What is the United Arab Emirates Dirham currency code and symbol?

The three letter currency code for the United Arab Emirates Dirham is AED and the symbol is د.إ.


Which countries use the United Arab Emirates Dirham?

It is the domestic currency in United Arab Emirates.

The United Arab Emirates dirham was introduced on 19 May 1973. It replaced the Qatar and Dubai riyal at par. The Qatar and Dubai riyal had circulated since 1966 in all of the emirates except Abu Dhabi, where the dirham replaced the Bahraini dinar at 1 dirham = 0.1 dinar. Before 1966, all the emirates that were to form the UAE used the Gulf rupee. As in Qatar, the emirates briefly adopted the Saudi riyal during the transition from the Gulf rupee to the Qatar and Dubai riyal. It is pegged to the U.S. dollar for most of the time. Since November 1997, the dirham has been pegged to the 1 U.S. dollar = 3.6725 dirhams, which translates to approximately 1 dirham = 0.272294 dollar.

The name Dirham derives from the Greek word Drachmae, literally meaning "handful", through Latin. Due to centuries of old trade and usage of the currency, dirham survived through the Ottoman Empire.

The dirham is pegged to the US dollar at a rate of 3.67 AED to 1 USD. This means that the dirham will always follow the dollar as it appreciates or depreciates. However, keep in mind that it is not pegged to other major currencies such as the GBP or the EUR, meaning that its rate in comparison with other currencies will fluctuate every day.

When you want to understand what affects the exchange rate between the AED and another currency, you need to understand what affects the exchange rate between the other currency and the Australian dollar.


United Arab Emirates Dirham (AED) in the markets

All the Gulf Cooperation Council (GCC) countries, excluding Kuwait, have their currencies pegged to the US dollar. The UAE dirham has been fixed at a rate of around 3.6725 to $1 since 1997.

The interactive chart below shows the USD to AED exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-AED 3 Month chart
USD-AED 3 Month chart
USDAED currency converter

Travel, Currency and Money saving tips for United Arab Emirates

 

The United Arab Emirates (UAE) is an oil-rich country strategically located between Europe and East Asia with a large expat community. The UAE has become a very wealthy country with a strong and stable currency, the dirham.

Abu Dhabi is the island capital of the Emirates and positions itself as the arts and cultural centre of the UAE. With the stunning newly opened Louvre Abu Dhabi Museum on Saadiyat island, it cements this title. Beyond the glitzy hotels there is Dubai, a shopping mecca with its city sized malls. North of Dubai Sharjah, does arts and heritage well, whilst further north again, Ajman provides glimpses of the pre-oil days.

Visa and Mastercard is widely accepted in the expat touristy areas of Abu Dhabi and Dubai. Elsewhere be sure to have some cash. While many smaller businesses and taxis now take cards, again, you will need cash at some point on your travels. ATMs are widespread and you'll see some familiar names like Citi and HSBC.

Entry criteria to note

If you are travelling on an Australian passport showing 'X' (indeterminate/intersex/unspecified) in the sex field, you will not be permitted to enter the United Arab Emirates

You must declare cash money, including travellers cheques, above AED 100,000, or the equivalent in other currencies.

 

Travel money for United Arab Emirates

 

Save money and time by Ordering your United Arab Emirates Dirham online from Travelex, you get better rates and can pick up the AED cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in United Arab Emirates Dirham otherwise you may get much worst exchange rates.

 

Compare USD to AED Travel Money Exchange Rates vs the Banks

ProvidersAmount AED(د.إ)Exchange RateFee USDTotal CostCurrency ServicesDelivery SpeedReviewsDeal Links
Wells Fargo Bank logo
3,438.82 AED
Top Provider
3.509$206.38%Branch pickupn/a
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
3438.46 AED
AED0.36 less
3.4736$106.39%Branch pickupn/a
U.S. Bank
U.S. Bank logo
3,438.1 AED
AED0.72 less
3.438106.4%Branch pickupn/a
Travelex Online US logo
3,339.6 AED
AED99 less
3.33960^9.08%Online order, Home delivery2-3 days
 
Wells Fargo Bank: Travel Money USD→AED
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:3.5090 (4.47% from mid-rate)
AED amount:3,438.82 AED
Total Cost:6.38%
Time:12:08 Local
Delivery Speed:n/a
Currency Services:Branch pickup
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo

Travel Money USD→AED
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:3.2139 (12.5% from mid-rate)
AED amount:3438.46 AED
Total Cost:6.39%
Delivery Speed:n/a
Currency Services:Branch pickup
U.S. Bank: Travel Money USD→AED
USD amount:$1,000 USD
Fee:0
Exchange Rate:3.4381 (6.4% from mid-rate)
AED amount:3,438.1 AED
Total Cost:6.4%
Time:12:08 Local
Delivery Speed:n/a
Currency Services:Branch pickup
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→AED
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:3.3396 (9.08% from mid-rate)
AED amount:3,339.6 AED
Total Cost:9.08%
Time:
Rate Fetched: Sat Dec 15 2018 10:00:04 GMT+0000 (UTC)
Delivery Speed:2-3 days
Currency Services:Online order, Home delivery
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/15/2018.
Total Cost = Fee + exchange rate margin vs USD/AED mid-rate: 3.6730
 

United Arab Emirates Trip Checklist    

 
  1. Compare AED travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in United Arab Emirates
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to United Arab Emirates

When searching around for information on how to get a good exchange rate when sending money to United Arab Emirates you need to start with finding out the latest United Arab Emirates Dirham foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).

Is the Emirati dirham freely exchangeable?

The United Arab Emirates (UAE) has a dense network of both domestic and foreign bank branches, which makes overseas money transfers to the UAE and transferring money from the UAE relatively simple. The Emirati dirham (AED) can be freely exchanged into foreign currencies and there are few constraints on foreign capital flows.

Buying Property - What can you buy for...

(US$, April 2018)

$220,000 - A studio apartment in the Gate Tower on Al Reem Island

$475,000 - A two-bed apartment with sea view in the Al Muneera development on Al Raha Beach

$5.4m - A five bed villa with pool in The Residences on Saadiyat Island

Note: Buyers in Abu Dhabi incur registration and transfer fees totalling 3-4%, with agents charging another 2%, typically.


Get a better deal for foreign transfers to United Arab Emirates

When sending money to United Arab Emirates it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or United Arab Emirates Dirham amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted AED amount will be transfered to the recipient account you specify in United Arab Emirates.

Use our Send to AED calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more United Arab Emirates Dirham deposited into the recipient bank account and less margins and fees kept by the banks!

 

Compare USD to AED Foreign Transfers vs the Banks

ProvidersAmount AED(د.إ)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedReviewsDeal Links
WorldFirst logo
36,583 AED
Top Provider
3.658300.4%Online, Bank Transfers1-2 days
 
OFX logo
36,213 AED
AED370 less
3.62130^1.41%Online, Bank Transfers1-2 days
 
Wells Fargo Bank logo
35,460 AED
AED1,123 less
3.5524183.46%Online, Branch, Bank Transfers2-3 days
HSBC logo
35,435 AED
AED1,148 less
3.5488$153.53%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
35,218.75 AED
AED1,364 less
3.5425154.11%Online, Branch, Bank Transfers2-3 days
Bank of America
Bank of America logo
34,990 AED
AED1,593 less
3.5343$1004.74%Online, Branch, Bank Transfers2-3 days
U.S. Bank
U.S. Bank logo
34,990 AED
AED1,593 less
3.5343$1004.74%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer USD→AED
USD amount:$10,000 USD
Fee:
Exchange Rate:3.6583 (0.4% from mid-rate)
AED amount:36,583 AED
Total Cost:0.4%
Time:12:08 Local
Transfer Speed:1-2 days
Services:Online, Bank Transfers
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer USD→AED
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:3.6213 (1.41% from mid-rate)
AED amount:36,213 AED
Total Cost:1.41%
Difference:
AED370 AED less than using WorldFirst
Time:
Rate Fetched: Sat Dec 15 2018 10:02:55 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Online, Bank Transfers
Rating:
 
: 4.8/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→AED
USD amount:$10,000 USD
Fee:18
Exchange Rate:3.5524 (3.28% from mid-rate)
AED amount:35,460 AED
Total Cost:3.46%
Difference:
AED1,123 AED less than using WorldFirst
Time:12:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→AED
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:3.5488 (3.38% from mid-rate)
AED amount:35,435 AED
Total Cost:3.53%
Difference:
AED1,148 AED less than using WorldFirst
Time:12:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→AED
USD amount:$10,000 USD
Fee:15
Exchange Rate:3.5270 (3.97% from mid-rate)
AED amount:35,218.75 AED
Total Cost:4.11%
Difference:
AED1,364 AED less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of America: Foreign Transfer USD→AED
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:3.5343 (3.78% from mid-rate)
AED amount:34,990 AED
Total Cost:4.74%
Difference:
AED1,593 AED less than using WorldFirst
Time:12:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→AED
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:3.5343 (3.78% from mid-rate)
AED amount:34,990 AED
Total Cost:4.74%
Difference:
AED1,593 AED less than using WorldFirst
Time:12:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/15/2018.
Total Cost = Fee + exchange rate margin vs USD/AED mid-rate: 3.6730
 

Popular AED cross rates


AED/USD - United Arab Emirates Dirham to United States Dollar - 10 Year History

DateExchange RatePeriod
02 Dec 20180.27231 Week
09 Nov 20180.27231 Month
12 Jun 20180.27226 Months
09 Dec 20170.27231 Year
09 Dec 20160.27222 Years
10 Dec 20130.27235 Years
11 Dec 20080.272310 Years

AED/EUR - United Arab Emirates Dirham to Euro - 10 Year History

DateExchange RatePeriod
02 Dec 20180.24001 Week
09 Nov 20180.24011 Month
12 Jun 20180.23176 Months
09 Dec 20170.23121 Year
09 Dec 20160.25782 Years
10 Dec 20130.19795 Years
11 Dec 20080.204810 Years

AED/GBP - United Arab Emirates Dirham to British Pound Sterling - 10 Year History

DateExchange RatePeriod
02 Dec 20180.21351 Week
09 Nov 20180.20991 Month
12 Jun 20180.20366 Months
09 Dec 20170.20331 Year
09 Dec 20160.21652 Years
10 Dec 20130.16555 Years
11 Dec 20080.182210 Years

AED/JPY - United Arab Emirates Dirham to Japanese Yen - 10 Year History

DateExchange RatePeriod
02 Dec 201830.97531 Week
09 Nov 201830.99091 Month
12 Jun 201830.07016 Months
09 Dec 201730.89161 Year
09 Dec 201631.31042 Years
10 Dec 201328.01185 Years
11 Dec 200824.949210 Years

AED/AUD - United Arab Emirates Dirham to Australian Dollar - 10 Year History

DateExchange RatePeriod
02 Dec 20180.36921 Week
09 Nov 20180.37661 Month
12 Jun 20180.35946 Months
09 Dec 20170.36261 Year
09 Dec 20160.36542 Years
10 Dec 20130.29775 Years
11 Dec 20080.405910 Years

AED/CAD - United Arab Emirates Dirham to Canadian Dollar - 10 Year History

DateExchange RatePeriod
02 Dec 20180.36091 Week
09 Nov 20180.35971 Month
12 Jun 20180.35436 Months
09 Dec 20170.34991 Year
09 Dec 20160.35902 Years
10 Dec 20130.28905 Years
11 Dec 20080.335610 Years

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