A Guide to Understanding The UAE Dirham

The UAE dirham is the official currency of the United Arab Emirates. It is widely used in the UAE and other countries in the Gulf Cooperation Council (GCC) region. The UAE currency rate in India, the dirham, was introduced in 1973 and replaced the Qatar and Dubai riyals. The exchange rate of the UAE dirham is determined by the Central Bank of the UAE and is pegged to the US dollar. The UAE currency in India, the dirham, is widely accepted in the UAE and is used for everyday transactions. Visitors can exchange their currency for the UAE dirham at banks, currency exchange centres, and hotels. The UAE dirham is a safe and secure currency backed by the Central Bank of the UAE.

The Official UAE Currency: UAE Dirham

The UAE currency in India is the United Arab Emirates dirham (UAE dirham). It was introduced in 1973 and replaced the Qatar and Dubai riyals. It is used in all seven emirates that make up the UAE and is issued by the Central Bank of the UAE, the regulatory body responsible for monetary policies in the country.

• UAE Currency Denominations

The UAE Dirham is available in both coins and banknotes. The AED is subdivided into smaller units called fils, with 100 fils making up one Dirham.

• United Arab Emirates Dirham Coins

  • The UAE Dirham coins come in five denominations – 5 fils, 10 fils, 25 fils, 50 fils and 1 Dirham. The coins are made of copper-plated steel and nickel-plated steel. The coins are round in shape and feature the national emblem of the UAE on one side and a denomination on the other.

• United Arab Emirates Dirham Notes

  • The UAE Dirham banknotes come in eight denominations – 5 Dirhams, 10 Dirhams, 20 Dirhams, 50 Dirhams, 100 Dirhams, 200 Dirhams, 500 Dirhams and 1000 Dirhams. The banknotes are made of a durable polymer material and printed with security features such as a watermark, security thread and hologram. 

Currency Exchange Rates in the UAE for Popular Currencies

The exchange rate of the UAE currency is determined by the Central Bank of the UAE and is pegged to the US dollar. The exchange rate is updated regularly and is widely available online. Here are the current exchange rates for some popular currencies:

• Indian Rupee

The present conversion rate of the UAE currency in India and their Rupee is AED 1 to INR 22.57:

• • AED 1 = INR 22.57
  • INR 1 = AED 0.044

In January 2022, the UAE currency in India and currency rate was 20.27 INR, and in January 2023, the rate had increased to 22.40 INR.

• Pakistani Rupee

The UAE Dirham exchange rate to the Pakistani Rupee is AED 1, equaling PKR 72.85:

• • AED 1 = PKR 72.85
  • PKR 1 = AED 0.013

The UAE Dirham exchange rate to the Pakistani Rupee started at PKR 48.18 in January 2022 and ended at PKR 61.68 the following year.

• Nepalese Rupee

The UAE dirham to Nepalese rupee exchange rate currently stands at AED 1 to NPR 36.03.

• • AED 1 = NPR 36.03
  • NPR 1 = AED 0.027

The UAE Dirham to Nepali Rupee exchange rate ranged from NPR 32.39 to NPR 35.52 between January 2022 to January 2023, with the lowest at NPR 32.20 and the highest at NPR 36.19.

• GBP/Pound Sterling

The current exchange rate of the UAE dirham to the British pound is AED 1, equal to 0.22 pound sterling:

• • AED 1 = GBP 0.22
  • GBP 1 = GBP 4.54

The AED to GBP exchange rate began at GBP 0.20 in January 2022 and finished at GBP 0.22 in January 2023.

• Euro

The UAE dirham rate of exchange to the euro is AED 1 to EUR 0.25:

• • AED 1 = EUR 0.25
  • EUR 1 = AED 4.00

From January 2022 to January 2023, the AED to euro rate opened at 0.23 euros and concluded at 0.25 euros.

• Sri Lankan Rupee

The UAE currency rate of exchange to Sri Lankan rupees is AED 1 = LKR 99.35:

• • AED 1 = LKR 99.35
  • LKR 1 = AED 0.01

Between January 2022 and January 2023, the AED to LKR rate opened at LKR 55.20 and ended at LKR 100.00. 

• Bangladeshi Taka

The UAE currency dirham rate of exchange to Bangladeshi taka is AED 1 to BDT 29.16:

• • AED 1 = BDT 29.16
  • BDT 1 = AED 0.03

Over the past 12 months, the exchange rate for the UAE Dirham to Bangladeshi Taka started at BDT 23.34 and ended at BDT 28.87.

• Moroccan Dirham

The exchange rate between the UAE dirham and the Moroccan dirham is currently AED 1 for MAD 2.81:

• • AED 1 = MAD 2.81
  • MAD 1 = AED 0.35

The UAE Dirham exchange rate to the Moroccan Dirham began at MAD 2.51 in January 2022 and ended at MAD 2.77 in January 2023. 

• Saudi Riyal

The current conversion rate between UAE Dirham and Saudi Riyal is 1 AED to 1.02 SAR:

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

In the past 12 months, the conversion rate of the UAE Dirham to the Saudi Riyal has been the same.

• Omani Rial

The exchange rate between the UAE Dirham and Omani Rial is AED 1 to OMR 0.1:

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

In the past 12 months, the conversion rate of the UAE Dirham to the Omani Rial has been the same.

• Philippine Peso

The UAE currency dirham rate of exchange to the Philippine peso is AED 1, equal to PHP 14.95:

• • AED 1 = PHP 14.95
  • PHP 1 = AED 0.06

The Philippine peso to UAE dirham exchange rate began at 13.88 in January 2022 and ended at 14.83 in January 2023. 

• South African Rand

The exchange rate between the UAE Dirham and the South African Rand is currently AED 1 to ZAR 4.87:

• • AED 1 = ZAR 4.87
  • ZAR 1 = AED 0.20

Beginning in January 2022, the Dirham to Rand rate began at ZAR 4.35 and ended at ZAR 4.63.

• Russian Ruble

The UAE currency dirham exchange rate to Russian rubles is 1 dirham to 20.03 rubles:

• • AED 1 = RUB 16.96
  • RUB 1 = AED 0.04

The Dirham to Ruble rate started at RUB 20.36 in January 2022 and closed at RUB 19.25 in January 2023.

What are The Top Dubai Exchange Facilities?  

Dubai is a popular tourist destination and is home to several currency exchange centres that offer competitive exchange rates for the United Arab Emirates Dirham. Some of the best exchange centres in Dubai include:

• UAE Exchange

  • UAE Exchange is one of Dubai’s largest and most popular currency exchange centres. They offer competitive exchange rates and a wide range of services. They have multiple locations across Dubai and offer 24/7 service.

• Al Ansari Exchange

  • Al Ansari Exchange is another popular currency exchange centre in Dubai. They offer competitive exchange rates and various services, including money transfer and bill payment.

• Al Fardan Exchange

  • Al Fardan Exchange is a leading currency exchange centre in Dubai. They offer competitive exchange rates and various services, including money transfer and bill payment. They have a strong reputation for providing high-quality services and customer satisfaction.

• Al Rostamani Exchange

  • Al Rostamani Exchange is a trusted currency exchange centre in Dubai. They offer competitive exchange rates and various services, including money transfer, bill payment, and foreign currency exchange. They have a long history of providing reliable and efficient customer service.

Summary

The UAE Dirham is the official currency of the United Arab Emirates and is widely used in the UAE and other countries in the GCC region. The dirham is divided into 100 files, available in coins and banknotes, and pegged to the US dollar. The exchange rate of the UAE dirham is determined by the Central Bank of the UAE and is updated regularly. Dubai has several currency exchange centres, including Al Ansari Exchange, UAE Exchange, Al Rostamani Exchange, and Al Fardan Exchange. These exchange centres offer competitive exchange rates and a range of services, making it convenient for travellers and expats to exchange their currency while in Dubai.

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