| Currency | Rate (1 AED =) | Status |
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The UAE Dirham (AED) has been pegged to the US Dollar at AED 3.6725 = USD 1 since 1997. This peg means the AED-USD rate never changes, which provides excellent currency stability for UAE residents.
For South Asian and Southeast Asian currencies โ INR, PKR, BDT, PHP, LKR โ the AED is a major remittance currency. Millions of UAE expats send money home monthly. Rates for these currencies move with the USD and with each country's own monetary policy.
When sending money home, compare exchange houses vs. bank rates. Exchange houses like Al Ansari, Lulu Exchange, and UAE Exchange often offer better rates than bank wire transfers for remittances.