The currency used in Dubai is the UAE dirham (AED). If you are going to Dubai soon, it is important that you find out about the exchange rate, and of course which currency you can use in Dubai.
Whether you want to know where and how to exchange your money in Dubai, if you should buy dirhams before leaving or even how to pay in euros, I will explain it all in this article.
WHAT IS THE CURRENCY IN DUBAI?
In Dubai, the currency used is the UAE dirham. In writing, prices are displayed in AED or DH, acronyms that you will find everywhere (I don't think I have ever seen the ‘Emirates dirham’ written anywhere despite my various trips).
There are bills of 5, 10, 20, 50, 100, 200, 500 and 1000 dirhams.
Regarding the coins, you will find 1, 5, 10, 25, 50 fils: these are the Dubai cents. It is also possible to find coins of 1 dirham.
During your stay, you will mainly use bills of up to 200 AED. This is the equivalent of a 50 dollar bill in our country.
We don't use 100 dollar bills as often, after all.
WHAT IS THE EXCHANGE RATE IN DUBAI?
The quick rule of thumb to find out a price in dollars is to divide the price in dirham by 4.
At the moment, the equivalent is about 3.6 AED for 1 dollar. So if you want to buy something for 100 dirhams, know that it represents a little more than $25.
This division by four makes it very quick to calculate and easy to convert dirhams into dollars.
The Emirati dirham is a currency indexed to the US dollar. 1 US dollar is equivalent to 3.67 AED.
The US/AED exchange rate has seen very slight variations over the last few years (but nothing like what can be seen in some countries).
WHERE CAN you EXCHANGE MONEY IN DUBAI?
You can of course exchange your money directly at the Dubai airport. There you will find ATMs of the major banks from which you can easily withdraw AED. All you have to do is insert your bank card and select "withdraw AED". Be careful though, because your bank will charge you extra for withdrawals!
If you bring dollars with you, you will be able to exchange them in the airport, at the money-exchange kiosks. You will give your dollars (in banknotes) and will be able to get AED in exchange.
HOW TO PAY IN DUBAI?
Credit cards are accepted almost everywhere in Dubai. No need to carry cash at all times! Your bank card will be more than enough to pay for your various activities, meals and transportation expenses.
But remember to withdraw between 400 and 600 AED to have some money on you. In case of card problems, they can come in handy. In addition, it may be preferable to pay in cash in small stores or in cabs.
THE AED, DUBAI'S CURRENCY
The dirham has been the currency of Dubai since 1973. The UAE dirham replaced the Dubai rial, which was used throughout the city.