The global supply and demand determine the constant fluctuations in the AED Dirham to OMR exchange rate. Recognizing the exchange rate for your currency You can get the greatest currency conversion rate with the aid of this page.
This table displays the exchange rates between several currencies and the Emirati dirham (AED)
| Currency Pair | Exchange Rate (AED) | Base Currency | Change (%) |
|---|---|---|---|
| USD/AED | 3.6727 | USD | 0.00068% |
| EUR/AED | 3.9150 | EUR | 0.016% |
| JPY/AED | 0.0237 | JPY | 0.11% |
| GBP/AED | 4.5396 | GBP | 0.12% |
| AUD/AED | 2.3700 | AUD | 0.43% |
| CAD/AED | 2.6831 | CAD | 0.37% |
| CHF/AED | 4.0312 | CHF | 0.0018% |
| CNH/AED | 0.5065 | CNH | 0.0071% |
| SEK/AED | 0.3375 | SEK | 0.42% |
The exchange rates between these currencies and the Emirati Dirham (AED) are shown in this table along with the relevant base currency and the percentage change in rates.
Here is a currency exchange table showing the buy and sell rates for various currencies:
| Currency | Buy | Sell |
|---|---|---|
| US Dollar | 277.6 | 280.35 |
| Euro | 293 | 296 |
| British Pound | 342.5 | 346 |
| UAE Dirham | 75.2 | 75.9 |
| Saudi Riyal | 73.3 | 74.05 |
| Kuwaiti Dinar | 903.11 | 912.11 |
| Canadian Dollar | 201 | 203 |
| Australian Dollar | 181 | 182.8 |
| Omani Riyal | 723.2 | 731.2 |
| Japanese Yen | 1.86 | 1.94 |
| Malaysian Ringgit | 58.08 | 58.68 |
| Qatari Riyal | 76.45 | 77.15 |
| Bahrain Dinar | 740.55 | 748.55 |
| Thai Baht | 7.56 | 7.71 |
| Chinese Yuan | 38.47 | 38.87 |
| Hong Kong Dollar | 35.53 | 35.88 |
| Danish Krone | 39.78 | 40.18 |
| New Zealand Dollar | 164.22 | 166.22 |
| Singapore Dollar | 204.5 | 206.5 |
| Norwegian Krone | 25.61 | 25.91 |
| Swedish Krona | 25.31 | 25.61 |
| Swiss Franc | 305.47 | 307.97 |
| Indian Rupee | 3.33 | 3.44 |
These rates represent the buying (Buy) and selling (Sell) prices for each currency against the local currency (not specified). Please note that currency exchange rates may vary and it’s advisable to check with the respective exchange provider for the most current rates before making any transactions.
The UAE Dirham (AED) exchange rate is subject to constant fluctuations driven by the interplay of global supply and demand forces. Various factors affect how AED performs against other currencies, affecting businesses, travelers and investors alike.
Factors affecting the AED exchange rate
The exchange rate of UAE dirham is affected by several key factors:
Global Economic Conditions
The overall state of the global economy significantly affects the supply and demand of the UAE dirham. Economic growth, inflation rates, and trade relations with major economies all play a role in determining the AED’s strength or weakness against other currencies.
Economic performance of the United Arab Emirates
Domestic economic conditions in the UAE, including GDP growth, employment rates and fiscal policy, directly affect the AED exchange rate. A strong and stable economy usually results in a strong currency value.
Interest rate
Differences in interest rates between the UAE and other countries can affect capital flows and currency exchange rates. High interest rates in the UAE attract foreign investment, which in turn increases the value of the dirham.
Political stability
Political stability and geopolitical events can affect investor confidence and affect the AED exchange rate. Uncertainty often leads to currency volatility.
Impact on international trade and tourism
The volatile AED exchange rate has implications for international trade and tourism:
Exporters and Importers: Businesses involved in import/export activities must monitor exchange rates to manage costs and competition.
Tourism Sector: Tourists visiting the UAE are affected by currency exchange rates, affecting their purchasing power during their stay.
Currency conversion strategy
To optimize currency conversion when dealing with UAE dirhams, consider the following strategies:
Best Practices for Currency Exchange:
Strategically time conversions based on market trends.
Tools and Resources for Exchange Rates: Using online platforms and apps for real-time exchange rate information.
Comparison of AED exchange rates with major currencies
The table below illustrates the exchange rate between the UAE Dirham (AED) and several major currencies, along with the percentage change.
Currency exchange tips for travelers
For travelers to UAE:
Where to exchange currency in UAE
Choose reliable exchange services at airports, banks or authorized money changers.
Avoid high fees: Compare exchange rates and watch out for hidden fees to maximize currency conversion
Forecast AED exchange rate trends
Historical data analysis and expert forecasts can provide insight into future AED exchange rate trends, helping businesses and individuals make informed financial decisions.
Conclusion
Understanding the dynamics behind fluctuations in the UAE dirham exchange rate is essential for anyone involved in international transactions involving AED. By being aware of the factors that affect currency value, individuals and businesses can make strategic decisions to optimize currency conversion.
