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Foreign Exchange Guide to UAE

This currency guide to UAE helps you choose the best way to save money on AED transfers and travel money.    [USD/AED=3.673]

 
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 sending 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 and trend for the previous 3 months:

Travel, Currency and Money saving tips for UAE

 

For most people, the United Arab Emirates means just one place: Dubai, the sci-fi-esque city of iconic skyscrapers, palm-shaped islands, city-sized malls, indoor ski slopes and palatial beach resorts. But beyond the glitter awaits a diverse mosaic of six more emirates, each with its own character and allure.

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.

Dubai.

What currency is used in United ARAB Emirates?

The currency is the UAE dirham (Dhs). 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.

Bargaining isn't as much a part of the culture in the UAE as it is elsewhere in the Middle East. Malls and shops are all fixed price. It's only in the souqs where you can try out your bargaining skills.

How to get around in United Arab Emirates?

Taxis are decently priced, metered, ubiquitous and within emirates like Umm Al Quwain often the only way of getting around. Most drivers can also be hired by the hour. In that case, rates should be negotiated unless fixed fees are set in place. In Dubai, for instance, the fee for six hours is Dhs300, for 12 hours Dhs500. Most cabs can also be engaged for long-distance travel to other emirates, in which case you should negotiate the fee at the beginning of the trip.

Although there are city buses in Abu Dhabi, Al Ain and Sharjah, their destinations are either stated in Arabic script only or not at all, so they are used almost exclusively by Asian migrant workers. There are not many buses in the other emirates. Locals take their cars, and tourists tend to take taxis. In Dubai, tourists can conveniently get to most attractions by metro, which is an aerial railway across large sections of the city with great views.

Dubai.

There are no public ferries between emirates. There is talk of starting a water-taxi service between Dubai and Sharjah, though as of late 2018, it wasn't yet operational.

Having your own wheels is a great way to see the UAE, allowing you to get off the major highways and to stop as you please. Well-maintained multi-lane highways link the cities, often lit along their entire length. For off-road driving, you need a 4WD. If you have a breakdown, call the Arabian Automobile Association. To hire a car, you’ll need a passport, a credit card and a valid driving licence. International driving licences are not usually compulsory, but it's better to have one.

The UAE has no train network.

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.

Sheikh Zayed Mosque.

Travel tips for United Arab Emirates.

Watch the setting sun from the sand or the sea against a backdrop of Dubai’s most iconic landmarks at Kite Beach. With uninterrupted views of the Arabian Gulf on one side, the twinkling city skyline on another, and a flurry of kite surfers on all sides, Kite Beach promises a beautiful end to any day.

The coasts are hot and muggy in the summer (40–45°C/104–113°F); while the interior is dry, and visiting at this time is almost impossible for Europeans. Even the country's inhabitants prefer to stay in air-conditioned rooms during the day in July and August, or they go on holiday to cooler countries. For that reason, the main time to go is winter (Oct–Apr), when the climate is mild and the days sunny. Maximum temperatures of 25–35°C (77–95°F), nights 17–20°C (62–68°F).

 

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.

 
Travel Money ProvidersAmount AED(د.إ)Exchange RateFee USDTotal CostDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
3,438.1 AED
Compare
3.438106.4%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
3,404 AED
34 AED
3.4381$107.33%
Wells Fargo Bank logo
3,369.34 AED
69 AED
3.4381$208.27%
Travelex Online US logo
3,266.3 AED
172 AED
3.26630^11.07%
 

U.S. Bank logo

U.S. Bank: Travel Money USD→AED
From Amount:1,000 USD
Fee:0
Exchange Rate:3.4381 (6.4% from mid-rate)
To Amount:3,438.1 AED
Total Cost:6.4%
Time:6:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

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

Wells Fargo Bank logo

Wells Fargo Bank: Travel Money USD→AED
From Amount:1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:3.4381 (6.4% from mid-rate)
To Amount:3,369.34 AED
Total Cost:8.27%
Time:6:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Travelex Online US logo

Travelex Online US: Travel Money USD→AED
From Amount:1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:3.2663 (11.07% from mid-rate)
To Amount:3,266.3 AED
Total Cost:11.07%
Time:
Rate Fetched: Thu Sep 19 2019 06:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 09/19/2019 - See full table
 

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!

 

USD to AED International Money Transfers

  

Foreign Transfer ProvidersReceive AED(د.إ)Exchange RateFee USDTotal CostDeal Links
OFX logo
36,100 AED
Best Overall
3.610^1.72%
XE logo
36,271 AED
171 AED
3.627101.25%
Wells Fargo Bank logo
35,314 AED
786 AED
3.5378183.86%
HSBC logo
35,289 AED
811 AED
3.5342$153.92%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
35,074 AED
1,026 AED
3.5279154.51%
Bank of America International Money Transfers
Bank of America logo
34,846 AED
1,254 AED
3.5198$1005.13%
U.S. Bank International Money Transfers
U.S. Bank logo
34,846 AED
1,254 AED
3.5198$1005.13%
 

OFX logo

OFX: Foreign Transfer USD→AED
From Amount:10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:3.6100 (1.72% from mid-rate)
To Amount:36,100 AED
Total Cost:1.72%
Time:
Rate Fetched: Thu Sep 19 2019 05:02:54 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

XE logo

XE: Foreign Transfer USD→AED
From Amount:10,000 USD
Fee:
Exchange Rate:3.6271 (1.25% from mid-rate)
To Amount:36,271 AED
Total Cost:1.25%
Difference:
171 AED more than using OFX
Time:6:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

Wells Fargo Bank logo

Wells Fargo Bank: Foreign Transfer USD→AED
From Amount:10,000 USD
Fee:18
Exchange Rate:3.5378 (3.68% from mid-rate)
To Amount:35,314 AED
Total Cost:3.86%
Difference:
786 AED less than using OFX
Time:6:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer USD→AED
From Amount:10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:3.5342 (3.78% from mid-rate)
To Amount:35,289 AED
Total Cost:3.92%
Difference:
811 AED less than using OFX
Time:6:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→AED
From Amount:10,000 USD
Fee:15
Exchange Rate:3.5125 (4.37% from mid-rate)
To Amount:35,074 AED
Total Cost:4.51%
Difference:
1,026 AED less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logo

Bank of America: Foreign Transfer USD→AED
From Amount:10,000 USD
Fee:$100 USD (1%)
Exchange Rate:3.5198 (4.17% from mid-rate)
To Amount:34,846 AED
Total Cost:5.13%
Difference:
1,254 AED less than using OFX
Time:6:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logo

U.S. Bank: Foreign Transfer USD→AED
From Amount:10,000 USD
Fee:$100 USD (1%)
Exchange Rate:3.5198 (4.17% from mid-rate)
To Amount:34,846 AED
Total Cost:5.13%
Difference:
1,254 AED less than using OFX
Time:6:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 09/19/2019 - See full table
 

AED/USD - United Arab Emirates Dirham to United States Dollar - Historical Rates

PeriodAED/USDDate
1 Day0.272315 Sep 2019
7 Day0.272209 Sep 2019
30 Day0.272317 Aug 2019
3 Month0.272218 Jun 2019
1 Year0.272316 Sep 2018
5 Year0.272317 Sep 2014
10 Year0.272318 Sep 2009

AED/EUR - United Arab Emirates Dirham to Euro - Historical Rates

PeriodAED/EURDate
1 Day0.245615 Sep 2019
7 Day0.246409 Sep 2019
30 Day0.245417 Aug 2019
3 Month0.243118 Jun 2019
1 Year0.234216 Sep 2018
5 Year0.212017 Sep 2014
10 Year0.185118 Sep 2009

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

PeriodAED/GBPDate
1 Day0.217915 Sep 2019
7 Day0.220509 Sep 2019
30 Day0.224117 Aug 2019
3 Month0.216618 Jun 2019
1 Year0.208316 Sep 2018
5 Year0.167517 Sep 2014
10 Year0.167118 Sep 2009

AED/AUD - United Arab Emirates Dirham to Australian Dollar - Historical Rates

PeriodAED/AUDDate
1 Day0.395815 Sep 2019
7 Day0.396609 Sep 2019
30 Day0.401517 Aug 2019
3 Month0.395618 Jun 2019
1 Year0.381216 Sep 2018
5 Year0.304317 Sep 2014
10 Year0.313718 Sep 2009

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