Dubai Currency and Exchange Rates

Dubai Currency

If you are interested in information about Dubai Currency and Exchange Rates, you might find this article helpful.

History

The United Arab Emirates dirham was introduced on 19 May 1973. It came to replace 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.
Eventually, the currency in Dubai and theUnited Arab Emirates has become the dirham (AED or Arab Emirate Dirham-  also commonly abbreviated to Dhs or DH). However, there are 1 dirham and 50 and 25 fils coins in common circulation.

UAE Dirham Exchange Rate

The dirham to dollar exchange rate is often fixed at a rate of 3.6725 dirhams to US $1 (or 1 dirham equals 0.272 US dollars), but of course, this rate is of daily change.

Dubai Currency and Exchange Rates

Changing Money

You can find a multitude of banks and money exchange centers in Dubai, where currency can be exchanged. They are located all over the city- the easiest way to find exchange center to tourists it is probably by heading to the nearest shopping mall, where most will have at least one bank and a couple of money exchanges.

You’ll have no difficulty exchanging any major currency, as banks and exchanges in Dubai typically hold more currencies than those in Europe and the US due to the huge diversity of population in the country.

Generally, money exchange centers are better for exchanging money as they offer you better rates than banks do. They also have longer opening hours than banks. Best money exchanges around the UAE include: Al Fardan Exchange, Al Ansari Exchange and Al Ghurair Exchange.

And here we provide you with a table of exchange rates of the AED :

CURRENCIES

United Arab Emirates Dirham
Buy Sell
US DOLLAR 3.6730 3.6730
EUOmani Rial 4.0036 4.0039
GB STERLING 4.4866 4.4869
SWISS FRANC 3.6952 3.6944
JAPAN YEN 0.0352 0.0352
DANISH KR 0.5382 0.5381
SWED KR 0.4120 0.4119
CANADIAN $ 2.7431 2.7429
AUSTRALIAN $ 2.8014 2.8018
NEW ZEALAND $ 2.6273 2.6280
HONG KONG $ 0.4736 0.4736
SINGAPORE $ 2.6377 2.6375
MALASYA R 0.8783 0.8782
JORDAN D 5.1732 5.1915
IND RUPEE 0.0549 0.0549
PAKISTAN RS 0.0351 0.0350
Saudi Arabian RiyalI LANKA RS 0.0250 0.0248
P PESO 0.0757 0.0757
MX PESO 0.1955 0.1955
NOR KR 0.4439 0.4440
CH YUAN 0.5420 0.5420
SK WON 0.0032 0.0032
THAI BT 0.1047 0.1046
EGYPT P 0.4137 0.4136
TURK L 1.189

1.189

To check out online conversion of any currency, visit this website:  http://www.economies.com/rates/currency-converter or : http://themoneyconverter.com/EUR/AED.aspx



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