Personal Money Transfers

Personal and Private Money Transfers payments over £5000.

Business Money Transfers

Make currency exchange payments for your business. Better rates than a bank.

Banking Exchange Rates

High St Banks or Currency Brokers? Cheapest way to send money overseas.

Cheapest Way to Transfer

Cheapest Way to Transfer Funds Internationally secure and safe transfers

Bank Exchange Rates for United Arab Emirates

FC Exchange

FC Exchange

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£5000
15
0.7%
0.000
0.00 EUR
FCA Regulated

IFX

IFX

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£5000
0
0.7%
0.000
0.00 EUR
FCA Regulated

Halo Financial

Halo Financial

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£5000
0
1%%
0.000
0.00 EUR
FCA Regulated

Xendpay

Xendpay

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£500
0
0.7%
0.000
0.00 EUR
FCA Regulated

CascoFX

CascoFX

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£10,000
0
2%
0.000
0.00 EUR
FCA Regulated

Quick Quote

Get a quick quote

Bank Exchange Rates for UAE Dirham

Bank Exchange Rates for UAE where the currency Information on UAE Dirham - Currency Information on AED- United Arab Emirates dirham - د.إ The foreign exchange currency code for AED represents the UAE Dirham currency exchange rate.

The word Dirham was founded in 1971 and is the second largest currency in GCC (Gulf Corporation Council). The currency is written as AED. 

The concept of paper money was alien to Bedouins prior to the foundation of Emirates. Due to extreme hot weather Bedouins were not in favour of carrying paper money. They were in favour of using metal coins in place of paper money. Over a period , it was difficult to transact in coins due to heavy weight and paper currency emerged. Although it was believed that paper currency was traded in the region since 1930's and paper money was formalised with the official founding of UAE.

Bank Exchange Rates for United Arab Emirates

The word Dirham has been derived from the Greek word "Drachmae". Each Dirham is divided into 100 fils so that it can be used for smaller transactions and for exchange trade. Currently Dirham is available in denominations of 5, 10, 20, 100, 200, 500 and 1000. Later Central bank of UAE issued 50 AED bank notes.

Currency Rate for United Arab Emirates

The UAE currency board introduced coins in 1973 with a range from 1 fill to 1 dirham. To prevent copies and fake currency the notes have a falcon watermark printed on it.

Dirham pegged with US dollar in 1978 creating fixed rate of exchange. Other exchange rates including, Peso, Rupee, Sterling are determined by open market forces and changes daily.

Foreign Exchange Rates for UAE Dirham

In 2006, the news came that Dirham coin was the same size as Peso- Philippine one peso which led to a vending machine fraud. One Philippine Peso was equal to eight fils and due to the large Philippine expat community, the economy was badly impacted.

Dirham weakened significantly in 2007, with Dubai crash. Sine then Dirham had made a strong recovery. There has also been recommendation from IMF- International Monetary Fund that Emirates should switch the monetary policy to be controlled by the UAE central bank in place of the UAE Government but is yet to be brought in practice.

The dirham subdivides into 100 fils and was introduced to the United Arab Emirates in 1973, replacing the Qatar and Dubai riyal at a ratio of 1:1. In Abu Dhabi, the dirham replaced the Bahraini dinar at a ratio of 0.01 dinar: 1 dirham. Send Money Transfer to United Arab Emirates.

GBP to AED

Bank Exchange Rates for United Arab Emirates and Coins are available in denominations of 25 and 50 fils, and 1 dirham, where banknotes are in circulation in denominations of 5, 10, 20, 50, 100, 200, 500 and 1,000 dirhams. Bank Exchange Rates for UAE Dirham. The foreign exchange rates for United Arab Emirates also known as the ISO code AED. Send money transfer online with us with the cheapest options.

Bank Currency Calculator

GBP Flag

1 = 1.17730

Euro Flag

1 = 1.17730

Change Currencies View Providers