United Arab Emirates Dirham
AED
- Convertible: Yes
- Transferable: Yes
- Exchange rate regime: Pegged to USD
Available Currency Pairs
EURAED
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USDAED
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GBPAED
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CHFAED
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AEDCNY
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AEDCZK
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AEDDKK
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AEDHKD
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AEDHUF
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AEDJPY
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AEDMXN
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AEDNOK
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AEDSEK
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AEDTHB
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AEDZAR
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AUDAED
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CADAED
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ILSAED
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NZDAED
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PLNAED
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RONAED
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SGDAED
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FX SPOT
Delivery date: T+1; T+2
Liquidity: High
FX FORWARD
Maximum maturity: 24 months
Liquidity: High
Did You Know?
Monetary policy
- The Central Bank of the UAE (CBUAE) is in charge of the monetary policy of the seven Emirates of the country.
- Price setting method: the exchange rate has been defined as fixed since 1980. The dirham is directly indexed to the US dollar: the USD/AED exchange rate is in the range of 3.6720/3.6730
Features and highlights
- In the Gulf Cooperation Council (GCC), the United Arab Emirates has one of the most liquid currencies.
- Friday is a non-working day in the United Arab Emirates, so there is no delivery of AEDs that day.
Expert opinion
- Due to the indexation of the AED to the USD, the evolution of the EUR/AED is almost perfectly correlated with that of the EUR/USD.
Regulations
There are no special restrictions on the purchase and sale of AEDs
Important Information
PAYMENTS IN AED TO THE UNITED ARAB EMIRATES
The IBAN format is used in the United Arab Emirates. Payment instructions must contain:
- The full name and address of the beneficiary.
Keep In Mind
Public Holidays
New Year's Day 1 Jan
Eid Al Fitr Holiday 14 Jun
Arafat (Haj) Day 21 Aug
Eid Al Adha Holiday 23 Aug
Prophet Mohammed’s Birthday 20 Nov
UAE National Day 2 Dec
Israa & Miaraj Night 13 Apr
Eid Al Fitr 15 Jun
Eid al Adha 22 Aug
Hijri New Years Day 11 Sep
Martyrs’ Day 30 Nov
When a holiday falls on a weekend, the next business day becomes a holiday
Currency Reference Guide
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Reference guide