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Foreign Exchange Guide to UAE

Read this currency guide to UAE with money transfer and travel tips.   [USD/AED=3.6732]

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

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


In this UAE 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 UAE - currency & money saving tips
  4. Buying United Arab Emirates Dirham cash online - travel money for UAE
  5. Sending money to UAE - save on United Arab Emirates Dirham bank transfers to UAE
  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 UAE.

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 UAE

 

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 UAE

 

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.

 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Travel Money Providers
Ratings & Reviews
Amount AED(د.إ)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
3,438.1 AED
3.438106.4%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
3,404 AED
34 AED
3.4381$107.33%Branch-
Wells Fargo Bank logo
3,369.34 AED
69 AED
3.4381$208.27%Branch-
 
Travelex Online US logo
3,266.3 AED
172 AED
3.26630^11.07%Online order, Branch pickup, Home delivery2-3 days
 

U.S. Bank logoU.S. Bank

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:18:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→AED
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:3.2139 (12.5% from mid-rate)
AED amount:3,404 AED
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→AED
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:3.4381 (6.4% from mid-rate)
AED amount:3,369.34 AED
Total Cost:8.27%
Time:18:07 Local
Currency Services:Branch
Delivery/Collect:-
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:3.2663 (11.07% from mid-rate)
AED amount:3,266.3 AED
Total Cost:11.07%
Time:
Rate Fetched: Wed Mar 20 2019 16:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
 

UAE Trip Checklist    

 
  1. Compare AED travel cash rates - probably why you are here!
  2. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to UAE

When searching around for information on how to get a good exchange rate when sending money to UAE 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 UAE

When sending money to UAE 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 UAE.

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!

 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes

USD-AED Foreign Transfers - Compare

Foreign Transfer Providers
Ratings & Reviews
Receive AED(د.إ)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
36,303 AED
Best Overall
3.63030^1.16%Bank Transfers - Online & Phone1-2 days
Wells Fargo Bank logo
35,548 AED
755 AED
3.5612183.22%Online, Branch, Bank Transfers2-3 days
HSBC logo
35,523 AED
780 AED
3.5576$153.29%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
35,306 AED
997 AED
3.5512153.88%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
35,077 AED
1,226 AED
3.5431$1004.5%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
35,077 AED
1,226 AED
3.5431$1004.5%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→AED
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:3.6303 (1.16% from mid-rate)
AED amount:36,303 AED
Total Cost:1.16%
Time:
Rate Fetched: Wed Mar 20 2019 16:02:52 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→AED
USD amount:$10,000 USD
Fee:18
Exchange Rate:3.5612 (3.04% from mid-rate)
AED amount:35,548 AED
Total Cost:3.22%
Difference:
755 AED less than using OFX
Time:18:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→AED
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:3.5576 (3.14% from mid-rate)
AED amount:35,523 AED
Total Cost:3.29%
Difference:
780 AED less than using OFX
Time:18:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→AED
USD amount:$10,000 USD
Fee:15
Exchange Rate:3.5358 (3.74% from mid-rate)
AED amount:35,306 AED
Total Cost:3.88%
Difference:
997 AED less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→AED
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:3.5431 (3.54% from mid-rate)
AED amount:35,077 AED
Total Cost:4.5%
Difference:
1,226 AED less than using OFX
Time:18:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→AED
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:3.5431 (3.54% from mid-rate)
AED amount:35,077 AED
Total Cost:4.5%
Difference:
1,226 AED less than using OFX
Time:18:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
 

Popular AED cross rates


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

DateExchange RatePeriod
10 Mar 20190.27231 Week
15 Feb 20190.27231 Month
18 Sep 20180.27226 Months
17 Mar 20180.27231 Year
17 Mar 20170.27232 Years
18 Mar 20140.27225 Years
19 Mar 20090.272310 Years

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

DateExchange RatePeriod
10 Mar 20190.24241 Week
15 Feb 20190.24101 Month
18 Sep 20180.23316 Months
17 Mar 20180.22141 Year
17 Mar 20170.25332 Years
18 Mar 20140.19545 Years
19 Mar 20090.198910 Years

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

DateExchange RatePeriod
10 Mar 20190.20971 Week
15 Feb 20190.21121 Month
18 Sep 20180.20686 Months
17 Mar 20180.19521 Year
17 Mar 20170.21962 Years
18 Mar 20140.16415 Years
19 Mar 20090.187310 Years

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

DateExchange RatePeriod
10 Mar 201930.24221 Week
15 Feb 201930.08291 Month
18 Sep 201830.56866 Months
17 Mar 201828.86321 Year
17 Mar 201730.67642 Years
18 Mar 201427.62005 Years
19 Mar 200925.718410 Years

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

DateExchange RatePeriod
10 Mar 20190.38691 Week
15 Feb 20190.38101 Month
18 Sep 20180.37686 Months
17 Mar 20180.35281 Year
17 Mar 20170.35332 Years
18 Mar 20140.29815 Years
19 Mar 20090.394710 Years

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

DateExchange RatePeriod
10 Mar 20190.36541 Week
15 Feb 20190.36061 Month
18 Sep 20180.35326 Months
17 Mar 20180.35671 Year
17 Mar 20170.36382 Years
18 Mar 20140.30285 Years
19 Mar 20090.335410 Years

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