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AED to GBP - Rate Guide

United Arab Emirates Dirham to British Pound Sterling exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

AED/GBP update & alerts

1 AED = 0.2109 GBP

AED to GBP - Trading Range (90 Day)
no recent alerts
At 0.211 AED/GBP is trading 3.1% below the average for 90 days, with range 0.2097 to 0.2256. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

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AED/GBP Exchange Rates and Providers Compared

This guide to the United Arab Emirates Dirham to British Pound Sterling exchange rate with 90-day chart & alerts, historic rates, forecasts and AED to GBP comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our AED/GBP Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AED/GBP International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive GBP(£)Exchange RateFee AEDTotal CostDeal Links
OFX logo
£2,0850.20850 for BER users (normally $15)1.18%
TorFX logo
£2,0830.208301.28%
National Bnk Abu Dhabi International Money Transfers
National Bnk Abu Dhabi logo
£1,9930.199305.55%
HSBC logo
£1,990.010.1993د.إ155.69%
Banks - Average Rate
Citibank logo HSBC logo
£1,9810.1984156.1%
Citibank International Money Transfers
Citibank logo
£1,972.630.1975126.51%
 

OFX logo

OFX: Foreign Transfer AED→GBP
From Amount (AED)د.إ10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.2085 (1.18% from mid-rate)
To Amount (GBP) £2,085
Total Cost:1.18%
Time:
Rate Fetched: 1:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

TorFX logo

TorFX: Foreign Transfer AED→GBP
From Amount (AED)د.إ10,000
Fee:0
Exchange Rate:0.2083 (1.28% from mid-rate)
To Amount (GBP) £2,083
Total Cost:1.28%
Difference:
£2 GBP less than using OFX
Time:1:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

National Bnk Abu Dhabi logo

National Bnk Abu Dhabi: Foreign Transfer AED→GBP
From Amount (AED)د.إ10,000
Fee:
Exchange Rate:0.1993 (5.55% from mid-rate)
To Amount (GBP) £1,993
Total Cost:5.55%
Difference:
£92 GBP less than using OFX
Time:1:11 Local
Transfer Speed:
Services:
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer AED→GBP
From Amount (AED)د.إ10,000
Fee:د.إ15 AED (.15%)
Exchange Rate:0.1993 (5.55% from mid-rate)
To Amount (GBP) £1,990.01
Total Cost:5.69%
Difference:
£95 GBP less than using OFX
Time:1:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AED→GBP
From Amount (AED)د.إ10,000
Fee:15
Exchange Rate:0.2016 (4.45% from mid-rate)
To Amount (GBP) £1,981
Total Cost:6.1%
Difference:
£104 GBP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Citibank logo

Citibank: Foreign Transfer AED→GBP
From Amount (AED)د.إ10,000
Fee:12
Exchange Rate:0.1975 (6.4% from mid-rate)
To Amount (GBP) £1,972.63
Total Cost:6.51%
Difference:
£112 GBP less than using OFX
Time:1:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 11/17/2019 - See full table

AED and GBP in the Markets

When determining the best time to make a foreign exchange transaction, in this case the AED vs GBP, you should pay attention to the recent market trends for both currencies.

United Arab Emirates Dirham (AED)

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.

 

British Pound Sterling (GBP)

Sterling has climbed more than 5 per cent in October since Boris Johnson announced a new Brexit agreement with Brussels that has reduced the possibility of the UK crashing out of the EU without a deal. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. Currency strategists predict that gains in the pound would remain limited for now while parties prepared their election campaigns.

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

Earlier in the year the pound was the worst-performing major currency by some margin. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Read more in the article GBP Forecasts.

Why can't I just get the AED/GBP market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AED / GBP was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all AED Exchange Rates