UAE Currency Exchange Rates Today

The UAE Dirham (AED) has been pegged to the US Dollar at a fixed rate of 3.6725 since 1997, backed by the Central Bank of the UAE's foreign reserve policy. This means AED/USD never fluctuates — the daily movements you see in the table are other currencies (EUR, GBP, INR, PHP) shifting against the dollar.

The UAE is one of the world's largest remittance corridors. Over 9 million expatriates — representing 88% of the population — send money home regularly. The top corridors are India, Philippines, Pakistan, Bangladesh, and Egypt. Exchange houses like Al Ansari Exchange, Lulu Exchange, and UAE Exchange compete fiercely on rates, especially for the INR and PHP corridors.

When comparing remittance options, focus on the "transfer rate" (the actual rate your recipient receives), not the mid-market rate. Rates can vary by 0.5–1% between providers on a given day, which translates to meaningful savings on larger transfers. Same-day transfers are available from most exchange houses for transfers to India and Pakistan.

Frequently Asked Questions

Yes. The AED has been fixed at exactly 3.6725 per USD since November 1997. The Central Bank of the UAE maintains this peg, which means AED/USD never changes. What changes daily is EUR/AED, GBP/AED, INR/AED, etc., driven by global currency markets.

Rates vary daily between Al Ansari Exchange, Lulu Exchange, UAE Exchange, and others. For INR and PHP remittances, the difference between the best and worst provider can be 0.5–1% on a given day. DailyRates shows live comparison data so you can send to the best rate.

There is no single best time as rates fluctuate throughout the day. Exchange houses typically post fresh rates early morning (9–10am GST). Rates can widen on weekends and UAE public holidays when interbank liquidity is lower.

For transactions above AED 2,000, exchange houses are required by the UAE Central Bank to collect your Emirates ID or passport number. For transfers above AED 55,000 (approx. USD 15,000), an AML report must be filed. Always carry your Emirates ID when transferring money.

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UAE Currency Exchange Rates Today

Frequently Asked Questions