All about the UAE Currency & Latest Exchange Rates - MyBayut (2023)

Planning to visit or move to the UAE soon? You’ll need to get familiar with the UAE currency and exchange rates to ensure your stay in the country is smooth and hassle-free. MyBayut has compiled a handy guide to United Arab Emirates currency – the UAE Dirham – including denominations, exchange rates and centres and more.

WHAT IS THE OFFICIAL CURRENCY OF THE UAE?

The official United Arab Emirates currency is the UAE Dirham, which is also known as the Emirati Dirham. The Dirham was put into circulation on May 19, 1973. Prior to this, the Bahraini Dinar was used in Abu Dhabi, while Dubai and other Emirates used the Qatar-Dubai Riyal.

The UAE Dirham is pegged to the US Dollar, with a fixed exchange rate of 1 USD = AED 3.67.

The official abbreviation for the United Arab Emirates Dirham is ‘AED’. However, unofficial abbreviations such as ‘Dh’ or ‘Dhs’ are also used.

UAE CURRENCY DENOMINATIONS

Below are the UAE currency denominations for the UAE coins and notes.

UNITED ARAB EMIRATES DIRHAM COINS

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1 AED or United Arab Emirates Dirham is divided into 100 fils. The United Arab Emirates Dirham coins come in denominations of 25 fils, 50 fils and AED 1.

UNITED ARAB EMIRATES DIRHAM NOTES

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The UAE Dirham notes come in denominations of AED 5, 10, 20, 50, 100, 200, 500 and 1000.

To know what the symbols on the United Arab Emirates coins and notes mean, take a look at our post on the UAE currency symbols and what they mean. You’ll be surprised at what you find out about the currency of UAE!

UAE CURRENCY EXCHANGE RATE FOR POPULAR CURRENCIES

Below are the UAE Dirham exchange rates for popular currencies including Indian and Pakistani Rupees, Euros, British Pounds, Philippine Pesos, South African Rand and more.

Please note that the UAE currency exchange rates mentioned below are accurate as of the time of writing this article, which is 29 January 2020. For up to date rates you can contact your local money exchange or check online.

Indian Rupee

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The current UAE Dirham to Indian Rupee exchange rate is AED 1 = INR 19.4

  • AED 1 = INR 19.4
  • INR 1 = AED 0.05

The UAE Dirham to INR rate started at INR 19.35 in Jan 2019 and closed at INR 19.40 in Jan 2020. The lowest UAE Dirham to INR rate over the last year has been INR 18.6 and the highest has been INR 19.6.

Pakistani Rupee

The current UAE Dirham to Pakistani Rupee exchange rate is AED 1 = PKR 42.08.

  • AED 1 = PKR 42.08
  • PKR 1 = AED 0.02

From Jan 2019 to Jan 2020, the UAE Dirham to Pak Rupee rate started at PKR 37.8 and closed at PKR 42.08. The lowest UAE Dirham to PKR rate has been PKR 37.7 and the highest has been PKR 44.4 over the last year.

Nepalese Rupee

The current UAE dirham to Nepalese Rupee exchange rate is AED 1 = NPR 31.17.

  • AED 1 = NPR 31.17
  • NPR 1 = AED 0.032

Between Jan 2019 to Jan 2020, the UAE Dirham to Nepali Rupee exchange rate started at NPR 31.1 and closed at NPR 31.17. The lowest UAE Dirham to NPR exchange rate has been NPR 21.93 and the highest has been NPR 31.66.

British Pound

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The current UAE Dirham to British Pound exchange rate is AED 1 = 0.20 Pound Sterling.

  • AED 1 = GBP 0.20
  • GBP 1 = GBP 4.78

The AED to GBP exchange rate started at GBP 0.20 in Jan 2019 and closed at GBP 0.20 in Jan 2020. In the UAE Dirham to GBP history between Jan 2019 to Jan 2020, the lowest exchange rate has been GBP 0.20 and the highest has been 2.22.

Euro

The current UAE Dirham to Euro exchange rate is AED 1 = EUR 0.24.

  • AED 1 = EUR 0.24
  • EUR 1 = AED 4.04

Between Jan 2019 to Jan 2020, the AED to Euro rate started at EUR 0.23 and closed at EUR 0.24. Over the last year, the lowest AED to Euro exchange rate has been EUR 0.23 and the highest has been EUR 0.25.

Sri Lankan Rupee

The Dirham to Sri Lankan Rupee exchange rate is currently AED 1 = LKR 49.42.

  • AED 1 = LKR 49.42
  • LKR 1 = AED 0.02

From Jan 2019 to Jan 2020, the AED to LKR rate started at LKR 48.84 and closed at LKR 49.42. The lowest UAE Dirham to Sri Lanka Rupees exchange rate has been LKR 47.4 and the highest has been LKR 49.66.

Bangladeshi Taka

The UAE Dirham to Bangladeshi Taka rate currently stands at AED 1 = BDT 23.1.

  • AED 1 = BDT 23.1
  • BDT 1 = AED 0.04

In the last year, the UAE Dirham to Bangladeshi Taka rate started at BDT 22.79 and closed at BDT 23.1. The lowest Dirham to BDT Taka rate has been BDT 22.6 and the highest has been BDT 23.16.

Moroccan Dirham

The current UAE Dirham to Moroccan Dirham exchange rate stands at AED 1 = MAD 2.62.

  • AED 1 = MAD 2.62
  • MAD 1 = AED 0.38

From Jan 2019 to Jan 2020 the UAE Dirham to Moroccan Dirham rate started at MAD 2.58 and closed at MAD 2.62. The lowest AED to MAD rate over the last year has been MAD 2.58 and the highest has been MAD 2.65.

Saudi Arabian Riyal

The current exchange rate for UAE Dirham to Saudi Riyal is AED 1 = SAR 1.02.

  • AED 1 = SAR 1.02
  • SAR 1 = AED 0.97

Over the last year, the AED to SAR exchange rate has remained the same.

Omani Rial

The exchange rate for UAE Dirham to Omani Rial is AED 1 = OMR 0.1.

  • AED 1 = OMR 1.01
  • OMR 1 = AED 9.55

The exchange rate has remained the same in the last year.

Philippine Peso

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The UAE Dirham to Philippine Peso rate is currently AED 1 = PHP 13.84

  • AED 1 = PHP 13.82
  • PHP 1 = AED 0.07

From Jan 2019 to Jan 2020, the UAE Dirham to Peso rate started at PHP 14.24 and closed at PHP 13.82. Over the last year, the lowest UAE Dirham to Philippine peso rate has been PHP 13.72 and the highest has been PHP 14.4.

South African Rand

The UAE Dirham to Rand rate currently stands at AED 1 = ZAR 3.97.

  • AED 1 = ZAR 3.97
  • ZAR 1 = AED 0.25

From Jan 2019, the Dirham to Rand rate started at ZAR 3.6 and closed at ZAR 3.97. The lowest Dirham to Rand exchange rate has been ZAR 3.62 and the highest has been ZAR 4.2.

Russian Ruble

The UAE Dirham to Ruble exchange rate is currently AED 1 = RUB 17.01.

  • AED 1 = RUB 16.96
  • RUB 1 = AED 0.05

The Dirham to Ruble rate started at RUB 17.81 in Jan 2019 and closed at RUB 17.01 in Jan 2020. During this period, the lowest Dirham to Ruble exchange rate was RUB 16.6 and the highest was RUB 18.52.

FREQUENTLY ASKED QUESTIONS ABOUT THE UAE CURRENCY

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WHAT IS THE CURRENCY USED IN DUBAI?

The official currency used in Dubai is the UAE Dirham, like the rest of the United Arab Emirates.

CAN YOU USE US DOLLARS IN DUBAI?

Yes, most malls, restaurants, hotels and stores in Dubai will accept US Dollars, although there may be extra charges levied by the retailers. Also, older USD notes may not be accepted by certain retailers, so we recommend visiting an exchange bureau to have some Dubai currency denominations on you.

WHICH ARE SOME OF THE BEST EXCHANGE CENTRES IN DUBAI?

Some of the well-known exchange centres in Dubai are to get AED denominations are UAE Exchange, Al Ansari Exchange, Al Fardan Exchange and Al Rostamani Exchange. You can find branches of these exchange centres in Dubai at the following popular locations:

  • UAE Exchange: The Dubai Mall, Mall of the Emirates, Deira City Centre, Ibn Battuta Mall, Dubai Media City, Dubai International Airport, Various Metro Stations. Contact: 600-555-550
  • Al Ansari Exchange: City Walk, Deira City Centre, Dubai International Airport, The Dubai Mall, Ibn Battuta Mall, Jumeirah Beach Residence, Mall of the Emirates. Contact: 600-546-000
  • Al Fardan Exchange: The Dubai Mall, Mall of the Emirates, Dubai Festival City Centre. Contact: 600-522-265
  • Al Rostamani Exchange: Dubai International Airport, Ibn Battuta Mall, Mall of the Emirates, Dubai Marina, Palm Jumeirah. Contact: 800-4250

And that wraps up MyBayut’s guide to the UAE currency rate and AED denominations!

If you’re visiting Dubai for the first time, take a look at our guide on planning your first trip to Dubai. From booking flight tickets to getting around the city, here’s everything you need to know before touching down in the city. And stay tuned to MyBayut for more handy articles about life in the UAE.

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