Currency Converter
Real-time currency conversion for UAE and international currencies
Market Hours
Forex markets are open 24/5 from Sunday 10 PM GMT to Friday 10 PM GMT
Exchange Rates
Rates shown are mid-market rates for informational purposes. Actual rates may vary.
Bank Rates
Banks typically add 2-4% margin on exchange rates. Always check with your bank.
Currency Exchange in the UAE
The UAE Dirham (AED) is pegged to the US Dollar at a fixed rate of 3.6725 AED per USD. This provides stability for international trade and makes currency conversion predictable for USD transactions.
Understanding Exchange Rates
Exchange rates fluctuate based on various economic factors including inflation, interest rates, and market sentiment. While the AED-USD rate is fixed, rates with other currencies vary throughout the trading day.
Tips for Currency Exchange
- Compare rates from multiple exchange houses before converting large amounts
- Banks often offer less favorable rates than dedicated exchange companies
- Airport exchanges typically have the worst rates - exchange before traveling
- Consider using multi-currency cards for international transactions
Popular Currency Pairs in UAE
The most commonly exchanged currencies in the UAE include Indian Rupee (INR), Pakistani Rupee (PKR), Philippine Peso (PHP), British Pound (GBP), and Euro (EUR), reflecting the diverse expatriate population.
