United Arab Emirates Dirham

AED

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Pegged to USD
Currency Reference Centre

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

View ZAR

AUDAED

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CADAED

View CAD

ILSAED

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NZDAED

View NZD

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?

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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
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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.
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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.
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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

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Currency Reference Guide

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Reference guide