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UAE Exchange launches UAE Exchange Wallet

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CURRENCY AND EXCHANGE RATES

CURRENCY AND EXCHANGE RATES Currency The dirham (pronounced dir-ham) is the official currency of the UAE. Dirham notes are in 5, 10, 20, 50, 100, 200, 500, and 1000 denominations. The dirham is divided into 100 fils, coins include Dh1, 50, 25, 10 and 5 fils (10 and 5 fils are rarely used). The value is written in Arabic only but Arabic numerals are easy to memorize (see section on Arabic Language). UAE Exchange There are no currency regulations and foreign currency of almost any denomination is readily exchanged in the UAE. The dirham is index linked to the dollar and the official exchange rate is Dh3.671 = US$ 1.00. The best exchange rates are generally available at private moneychangers found throughout the UAE, but especially in the more popular souqs and shopping centres.

The UAE Exchange Centre (associated with Western Union) has branches throughout the UAE. Thomas Cook Al Rostamani (authorized representative of Thomas Cook’s financial division) and Al Razouki Internat…

Welcome to UAE Exchange

Welcome to UAE Exchange, which features the UAE exchange rate and details about the currency AED (United Arab Emirates Dirham) that is used in the United Arab Emirates. You can find a breakdown of the contents of this webpage below or in the pages-banner that is presented above.

To the right you can find a currency converter, which converts the United Arab Emirates Dirham to other currencies. Around fifty currencies are available with latest rates! You may freely use the currency converter for your purposes to calculate the UAE exchange rate. First, select either “from” or “to” in order to convert either from or to AED. For instance, the default setting in the converter calculates how many United Arab Emirates Dirhams 100 dollar equals. Vice versa, by selecting “to” you can find how many dollars 100 United Arab Emirates Dirhams equals. Second, select the amount you want to convert, you can also use decimals i.e. 250.5. Please be advised, the converter only accepts the “dot” or “.”, t…

Director, UAE Exchange

Left to right: Mr Marwan Al Mazroei, Director, UAE Exchange, Jamal Abdul Salam , Director, Partner Relations, Dubai Internet City, Abdulla Humaid Al Mazroei, Chairman, UAE Exchange, Sam Pitroda, Founder and Chairman, C-Sam Inc, USA, B R Shetty , Managing Director and CEO, Dataline FZ LLC and Murray Sims, Head of Personal Banking, RAKBANK at the launch of the UAE Exchange's E-WALLET.

Foreign exchange market

 Foreign exchange market
The foreign exchange market (forex, FX, or currency market) is a global, worldwide decentralized over-the-counter financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies. The primary purpose of the foreign exchange is to assist international trade and investment, by allowing businesses to convert one currency to another currency. For example, it permits a US business to import British goods and pay Pound Sterling, even though the business's income is in US dollars. It also supports speculation, and facilitates the carry trade, in which investors borrow low-yielding currencies and lend (invest in) high-yielding currencies, and which (it has been claimed) may lead to loss of competitiveness in some countrie…