د.إ United Arab Emirates Dirham
Currency Code: AED
Currency of the UAE. Gulf financial hub currency.
Issuing Authority
Central Bank of UAE (CBUAE)
Key Features
Fixed to USD
AED pegged to USD at fixed 1 AED = 0.27 USD.
Financial Hub
Dubai and Abu Dhabi major financial centers.
Oil Wealth
Backed by significant oil and gas reserves.
Regional Trade
Major currency for Gulf and Middle East trade.
Popular Corridors
UAE → Pakistan
UAE → Philippines
UAE → Egypt
UAE → India
Frequently Asked Questions
What is the AED/USD rate?
Fixed at 1 AED = 0.27 USD (or 3.67 AED = 1 USD).
Why is AED pegged to USD?
Peg provides currency stability for GCC economies.
Is AED a good currency to hold?
Yes, backed by oil wealth and stable government.
How much remittance flows from UAE?
$100B+ annually. Major remittance sending country.
Why do businesses settle in AED?
The UAE is the Gulf trade and re-export hub, so AED is widely used for regional B2B settlement.