UAE Dirham (AED)
The UAE dirham is the currency of the United Arab Emirates and one of the most stable in the world. It has been pegged to the US dollar at about 3.6725 since 1997.
The latest available mid-market reference is 1 AED = 0.2723 USD. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the UAE Dirham
The dirham supports one of the world's largest re-export and tourism hubs. Its peg makes it a stable unit for trade, shipping and property transactions across the Gulf.
A short history
The dirham was introduced in 1973, replacing the Qatar and Dubai riyal. The peg to the dollar was set at 3.6725 in 1997 and has held since.
What moves the UAE Dirham
Oil prices, trade and tourism, and the direction of US interest rates. The peg means the dirham moves with the dollar against other currencies rather than on its own.
Live AED exchange rate
| Currency | 1 AED equals |
|---|---|
| US Dollar (USD) | 0.2723 |
| Euro (EUR) | 0.2450 |
| British Pound (GBP) | 0.2049 |
| Japanese Yen (JPY) | 43.4347 |
| Chinese Yuan (CNY) | 1.8205 |
| Indian Rupee (INR) | 25.5552 |
| Canadian Dollar (CAD) | 0.3877 |
| Australian Dollar (AUD) | 0.3974 |
| Swiss Franc (CHF) | 0.2265 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
AED conversion pages
Guides for UAE Dirham
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UAE Dirham questions
What is the UAE Dirham?
UAE Dirham (AED) is used in the following countries and territories: United Arab Emirates. Central bank: Central Bank of the UAE. Exchange rate regime: pegged to the US dollar at about 3.6725.
Which countries use the UAE Dirham?
The UAE Dirham is used in the following countries and territories: United Arab Emirates.
What affects the UAE Dirham exchange rate?
Oil prices, trade and tourism, and the direction of US interest rates. The peg means the dirham moves with the dollar against other currencies rather than on its own.