
In Dubai, you can't rely solely on American dollars, as they're not widely accepted.
Most businesses in Dubai prefer UAE Dirhams, the local currency, for transactions.
You can exchange your dollars for Dirhams at currency exchange offices or banks, but be aware that exchange rates may not be favorable.
Some high-end hotels, restaurants, and tourist attractions might accept dollars, but it's always best to have some local currency on hand for smaller purchases and everyday expenses.
Here's an interesting read: Dirhams Meaning
Currency in Dubai
The currency in Dubai is the UAE Dirham (Dir), which is subdivided into 100 fils. You might also see it referred to as AED or Emirati Dirhams.
The word Dirham has a fascinating history, coming from the Greek word "drachmae", meaning "handful".
1 US dollar is approximately 3.67 UAE Dirhams in Dubai, so you can get a rough idea of how much something costs.
1 UK pound is approximately 4.5 UAE Dirhams in Dubai, which is why you might see prices listed in both currencies.
1 Euro is approximately 3.87 UAE Dirhams in Dubai, making it a convenient option for travelers from Europe.
If you're planning to exchange your money, here are some approximate exchange rates to keep in mind:
Exchanging Currency
If you're planning a trip to Dubai, you'll want to know about exchanging currency. US dollars are widely accepted in many high-end hotels, shops, and restaurants.
You can exchange your currency at airports and hotels, but be aware that exchange rates tend to be higher due to convenience fees. It's best to exchange only a small amount here for immediate expenses.
For better rates, head to currency exchange centers, such as Al Ansari Exchange, UAE Exchange, and Travelex. These centers usually offer more competitive rates than airports and hotels.
Major banks in Dubai, including Emirates NBD, Abu Dhabi Commercial Bank, and HSBC, also provide currency exchange services with competitive rates.
If you have Euros or British Pounds, don't worry – they're easily exchanged in Dubai, with major exchange centers and banks offering competitive rates for these currencies.
Here's a quick rundown of your currency exchange options:
- Airports and hotels: exchange rates tend to be higher due to convenience fees
- Currency exchange centers (e.g. Al Ansari Exchange, UAE Exchange, Travelex): usually offer better rates
- Banks (e.g. Emirates NBD, Abu Dhabi Commercial Bank, HSBC): provide currency exchange services with competitive rates
Obtaining UAE Dirhams
You can obtain UAE Dirhams in various ways, but it's essential to understand the rates and fees involved. You can exchange some money for UAE Dirhams in your home country or bring cash in your home currency with you.
Discover more: 20 Dirhams
Changing pounds, Euros, or dollars in a currency exchange office at the airport or in exchange offices in Dubai may give you a better rate than anywhere else. Airport rates are usually lower than in exchange bureaus, don't exchange all your cash at the airport. You may be able to get a better exchange rate in Dubai than in your home country.
To get the best exchange rate, consider using currency exchange centers, major banks, or withdrawing Emirati money at cash points or ATMs at the airport. Here's a summary of the options:
You can also use your cards and withdraw Emirati money at cash points or ATMs at the airport, but be aware that rates may be lower than in exchange bureaus.
UAE Dirham
The UAE Dirham is the official currency of Dubai, abbreviated as AED or Dhs. It's pegged to the US dollar at a rate of approximately 3.67 AED to 1 USD.
You can easily exchange your currency for AED at airports, banks, or currency exchange centers. The Dirham is widely accepted and used in all of Dubai's major cities.
Recommended read: Currency Used in Dubai Uae
Currency to Bring
If you're planning a trip to Dubai, it's a good idea to have some local currency on hand. The UAE Dirham is the official currency, but US dollars are widely accepted in many high-end hotels, shops, and restaurants.
You can easily exchange your money for UAE Dirhams at major exchange centers and banks, and they'll also accept Euros and British Pounds. These currencies are easily exchanged in Dubai, and you can get competitive rates at the major exchange centers.
In fact, 1 US dollar is approximately 3.67 UAE Dirhams, 1 Euro is approximately 3.87 UAE Dirhams, and 1 UK pound is approximately 4.5 UAE Dirhams.
A unique perspective: Morocco Dirhams
Best Way to Obtain UAE Dirhams
You can obtain UAE Dirhams in several ways, but it's essential to know the best options to get the most value for your money.
Exchanging some money for UAE Dirhams in your home country is a good idea, as it can give you a better rate than exchanging it at the airport or in Dubai.
Check this out: 500 Dirham Uae
Alternatively, you can bring some cash in your home currency with you, and exchange it at a currency exchange office, such as at the airport or in Dubai.
Airport rates are usually lower than in exchange bureaus, so it's best not to exchange all your cash at the airport.
You may be able to get a better exchange rate in Dubai than in your home country, so it's worth checking rates before you travel.
To check standard currency exchange rates, you can use a website like FCexchange.
If you're in Dubai, you have several options for exchanging currency. Here are some of the best places to exchange your money:
- Currency Exchange Centers: Dubai has numerous currency exchange centers, such as Al Ansari Exchange, UAE Exchange, and Travelex, which usually offer better rates than airports and hotels.
- Banks: Major banks in Dubai, including Emirates NBD, Abu Dhabi Commercial Bank, and HSBC, provide currency exchange services with competitive rates.
- Hotels: You can also exchange currency at hotels, but be aware that exchange rates at hotels tend to be higher due to convenience fees.
It's worth noting that it's best to exchange only a small amount of money at airports or hotels for immediate expenses, as the rates tend to be higher.
Sources
- https://www.linkedin.com/pulse/currency-bring-you-dubai-practical-guide-saadatrent-vffjc
- https://gulfnews.com/your-money/expert-columns/carry-us-dollars-when-travelling-to-a-new-country-heres-why-1.1714057867203
- https://worldtravelfamily.com/handling-money-in-dubai/
- https://www.thetravel.com/what-will-100-usd-get-you-in-dubai/
- https://www.tripsavvy.com/guide-to-currency-in-dubai-4174076
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