Understanding the Table:
The comparison table above helps you see the total cost of your Citibank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘Get Rates’.
The Citibank GBP to AED exchange rate is 4.8393. This is -3% compared to the latest GBP-AED mid-market rate 4.9909.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to United Arab Emirates dirham (AED) rates from different sources before making a conversion.
The above Citibank - Sterling to United Arab Emirates dirham comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Citibank and other foreign exchange providers against the latest GBP-AED mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best GBP to AED exchange rate is 4.9684 from Wise, -0.45% from the mid-market rate 4.9909. The next best rate is 4.9659 from OFX, -0.5% from the mid-rate. Then XE with 4.9609 is -0.6% from the mid-rate.
The Western Union rate is 4.941 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 4.7195 at -5.4% the Royal Bank of Scotland rate is 4.7495 at -4.8% and the Barclays Bank rate is 4.8162 at -3.5% compared to the mid-rate 4.9909.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Citibank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
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View a full list of exchange rates by selecting your Base (from) currency: