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UAE Exchange launches UAE Exchange Wallet

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U A E Exchange Centre LLC
  • LocationAl Sayegh Centre, Sh Hamdan St, Abu Dhabi
  • P.O.Box170
  • Tel02-6105555
  • Fax02-6211448
Category(s) : Money Changers and Exchange Dealers
Abdul Latif Exchange LLC
  • LocationMurshid Bazaar, Deira, Dubai
  • P.O.Box1729
  • Tel04-2268536
  • Fax04-2255364
Category(s) : Money Changers and Exchange Dealers
Abu Sumbol General Trading LLC
  • LocationNear Naser Sq, Al Fardan Exchange building, Deira, Dubai
  • P.O.Box86973
  • Tel04-2272897
  • Fax04-2272987
Category(s) : Money Changers and Exchange Dealers
Ahalia Exchange Bureau
  • LocationNear Ambassador Hotel, Al Fahidi St, Dubai
  • P.O.Box43548
  • Tel04-3535577
  • Fax04-3535693
Category(s) : Money Changers and Exchange Dealers
Ahmed Al Amery Exchange Co
  • LocationNear Old Fish Market, Airport Road, Abu Dhabi
  • P.O.Box46379
  • Tel02-6333120
  • Fax02-6333050
Category(s) : Money Changers and Exchange Dealers
Al Ansari Exchange Establishment
  • LocationBaniyas Road, Deira, Dubai
  • P.O.Box2108
  • Tel04-2256263
  • Fax04-2256337
Category(s) : Money Changers and Exchange Dealers
Al Azhar Money Exchange
  • LocationBehind Bank of Baroda, Baniyas Road, Dubai
  • P.O.Box30402
  • Tel04-2252100
  • Fax04-2267972
Category(s) : Money Changers and Exchange Dealers
Al Bader Exchange
  • LocationNear Sultan Bakery, Madinat Zayed, Abu Dhabi
  • P.O.Box6235
  • Tel02-6344100
  • Fax02-6344300
Category(s) : Money Changers and Exchange Dealers
Al Balooch Money Exchange
  • LocationNear City Bank, Sh Zayed Road, Al Ain
  • P.O.Box1325
  • Tel03-7643145
  • Fax03-7667484
Category(s) : Money Changers and Exchange Dealers
Al Dahab Exchange
  • LocationNasr Sq, Deira, Dubai
  • P.O.Box43886
  • Tel04-2296793
  • Fax04-2275942
Category(s) : Money Changers and Exchange Dealers
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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.

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UAE Exchange launches UAE Exchange Wallet

UAE Exchange launches UAE Exchange Wallet UAE Exchange Wallet is a unique secure transaction solution, which allows UAE Exchange customers to transfer money using their existing mobile phones and bank accounts, to their near and dear ones across the globe, from anywhere and at anytime. UAE Exchange Wallet enables customers to send money securely from the comfort of their home or office or any location at any hour of the day or night, using UAE Exchange's trusted network, without having to make trips to the branches, braving traffic, parking and other inconveniences. The Wallet provides a leather wallet metaphor on mobile phones and its security features ensure that only a registered UAE Exchange customer can access his/her Wallet on his/her mobile phone. The Wallet is very easy to register and use, and can be setup either by the customer or a UAE Exchange representative. Once setup, the customer can then conduct any number of transactions - anytime, anywhere. In add…

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…