Below table will show you today’s UAE exchange rates which is updated live here on regular basis.
History of UAE Currency Exchange
The name Dirham derives from the Greek word Drachmae which has the meaning of “handful”. It has survived after so many centuries due to its far and wide usage from old trade times.
Below given table contains selected currencies in UAE Dirhams (Rates in 1 Dirham)
30 October 2013
Rate Per 1 Dirham (AED)
|Pakistani Rupee (PKR)||28.68 PKR|
|Bangladesh Taka (BDT)||21.11 BDT|
|Philippines Peso (PHP)||11.64 PHP|
|Nepalese Rupee (NPR)||26.75 NPR|
|Indian Rupee (INR)||16.71 INR|
United Arab Emirates started utilizing British gold coins and Maria’s Thalers with some other currencies like Indian Rupee circulating in the country in the late 20th century. In 1950’s they started using the Persian Gulf Rupee which at that time was issued by the Indian Central Bank whose value was just equivalent to Indian Rupee. When devaluation of Indian Rupees started in 1966, it started to directly affect the value of Gulf Rupee to which United Arab Emirates answered by establishing its own national currency. UAE agreed to use Saudi Riyal as provisional currency in the same year by replacing it with Qatar and Dubai Riyal. It is interesting to note that all the emirates except Abu Dhabi, who was using Bahrain Dinar regularly, used Dubai & Qatar Riyal until 1973. In the year 1973, United Arab Emirates Dirham was launched and set as the national currency.
Since Dubai is famous for its tourism therefore knowledge about where you will get the finest exchange rates is certainly a big benefit. Each of us dearly wants to always get the best rates while he is in Dubai as money goes very fast in this place due to the recreation places and shopping malls, one has to buy something. But currency exchange rates can become a big burden or big fortune like a double sided sword for heft tourist to Dubai since it can cause either to get good bargains or make extra expenses on Dubai trip. Now keep in mind that Forex (Foreign Exchange) rates shows wide variation and can be variable in different locations in different hours of day that’s why it is a significant matter to know where to exchange your currencies in Dubai to get the best rates.