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The UAE Dirham is the currency of Dubai and Abu Dhabi. Learn about its peg to the dollar, how to get the best exchange rate, and how to send money to the UAE.
The UAE Dirham (AED) has been pegged to the US dollar at AED 3.6725 per USD since November 1997 — making it one of the most stable exchange rates in the world. This peg is maintained by the Central Bank of the UAE and underpinned by the country's substantial oil revenues and sovereign wealth funds. The Dirham is subdivided into 100 fils.
The UAE has a highly competitive currency exchange market. Licensed exchange companies like Al Ansari Exchange, UAE Exchange, and Lari Exchange offer rates very close to the mid-market rate — significantly better than banks in most countries. Dubai's Gold Souk area is known for competitive exchange rates. Airport exchange desks in Dubai and Abu Dhabi are also relatively competitive compared to other international airports.
ATMs are widely available and generally safe in the UAE. Most ATMs are operated by major banks (ENBD, ADCB, FAB) and charge no local fee — though your home bank may charge international withdrawal fees. Contactless and chip card payments are universally accepted in the UAE. Always choose to pay in AED rather than your home currency at merchants to avoid dynamic currency conversion markups.
The AED peg means USD/AED is effectively fixed at 3.6725. When sending money to the UAE, the main variable is the service fee and spread, not exchange rate risk. Wise, Remitly, and Lulu Exchange are popular for transfers to UAE bank accounts or mobile wallets. Many UAE workers use Al Ansari Exchange's online platform for competitive rates to their home countries.
There are no restrictions on bringing foreign currency into or out of the UAE, but amounts above AED 100,000 (or equivalent) must be declared at customs. The UAE is a cash-friendly society alongside being highly card-friendly. For budget travelers: mid-range hotels, transport, and meals are cheaper when paid in cash at local prices rather than through prepaid travel cards.
Use our live converter with real-time rates and historical charts.