If you are looking for live forex rates in UAE, then you have landed on the right page. Here, we are presenting to you the live rates from UAE Central Bank which is a platform developed for announcing official rates. This bank is renowned for publishing rates on a daily basis for around 70+ global currencies.
The rates announced by this bank are a true representation of the official market value of UAE’s national currency AED. The price showcases a striking contrast against the price value of Indian Rupee (INR), US Dollar (USD), Euro (EUR), and more.
These rates are updated for every single business so that businesses, anyone buying a property in Dubai, investors, and individuals who wish to make cross-country transactions can count it as a reliable reference point. This turns out to be a great option for anyone planning a foreign trip or would like to calculate international costs.
PLEASE NOTE: Any details provided by the Live Currency AED Exchange Rates Today are subject to change based on service margin, fees, and volume.
Why refer to the rates of the Central Bank in UAE?
When it comes to checking the Forex rates in UAE, the reasons why you should always refer to UAE’s Central Bank Exchange rates are given below:
- A trusted platform- This bank serves as a trusted source because it has its hands on UAE’s primary financial regulator.
- Get regular updates- Those who are looking for Live Currency AED Exchange Rates Today or any other day can check out this website as it comes with daily updates and truly reflects global market changes.
- Get rates for multiple currencies- The platform includes rates for 70+ currencies from different popular regions of the world.
- Best option for planning- This platform serves as the best platform for Forex traders, anybody buying a Property in Dubai, or expats who wish to send their money abroad.
Where do I check the live currency AED exchange rates today?
To find out where you can find the most accurate rates for Forex is an important thing for an investor or someone who simply wishes to convert currencies. No matter what your purpose for checking the rates is, you should be well-versed with the tools that can help you do that. Well, there are both physical and digital means to check these rates and we are going to discuss them in this particular section:
Online Tools/Mobile Applications:
- Check it directly from the UAE Central Bank website as it allows you to check the exchange rates for more than 70 global currencies.
- Currency Converter applications- Well, there are several ways through which you can check these rates e.g. XE Currency, Wise (TransferWise), OANDA, etc.
Online Remittance Platforms:
If you are someone who is looking forward to sending money overseas, then you can also head to the Remittance platforms that allow you to check the Forex Rates in UAE as well. Some of the popular remittance platforms that allow you to do so are as follows:
- Wise (TransferWise)
- Remitly
- Western Union
- WorldRemit
If not these, you can check out the forex rates in UAE by navigating to one of the physical exchange houses in the country. Check the next section to find out more about those exchanges.
A glimpse at the Physical Exchange Houses in the UAE
If you are someone who is looking for in-person transactions or looking forward to having physical currency, then you can navigate to one of the many regulated exchange houses in the country:
- Al Ansari exchange- It has 200+ physical branches across the UAE
- The UAE Exchange (currently operating as Unimoni under Finale)
- Lulu Exchange- Apart from offering retail services, it also offers financial services
Some more reliable exchanges to find Forex rates
If you do not find any of the options listed above convenient, then you can navigate to the following notable exchanges in the UAE:
- Al Rostamani Exchange
- Sharaf Exchange
- Al Fardan Exchange
Conclusion
The given article clearly talks about how to check Forex Rates in UAE or Live Currency AED Exchange Rates Today. Though just checking the rates does not include any financial risks, you need to be highly careful while exchanging money on any platform that you know nothing of. It is better to check the credibility of all the operational platforms so that you do not fall prey to a scam.