United Arab Emirates Dirham

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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Transaction Types

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

Useful Links

Central Bank of the United Arab Emirates

OECD

Ministry of Finance

Currency Reference Guide

Get the full currency reference guide, updated by the iBanFirst currency market experts

Reference guide