Dubai dirham to usd

Xe Currency Converter. These are the highest points the exchange rate has been at in the last 30 and day periods.

This chart shows data from to The average exchange rate over this period was 0. Exchange rates can fluctuate by the minute while markets are open. If you execute a trade late in the week, it might not settle until the following week given that forex markets are closed on weekends. Conversely, 1 AED is worth 0.

Dubai dirham to usd

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The dollar to dirham exchange rate is fixed at 1 USD to 3. The GCC countries are oil-exporting nations. To avoid currency fluctuation and eliminate uncertainties in international transactions, these countries have pegged their currencies to the US dollar. Pegging the dirham to the US dollar exchange rate helps to ensure stability and predictability in prices. This makes it easier for businesses to forecast their costs and revenues and helps to encourage foreign investment. While this arrangement has its benefits, it also has some drawbacks. This can make imported goods more expensive, and make it difficult for citizens to travel abroad. Despite these potential drawbacks, the UAE has no immediate plans to unpeg its currency from the US dollar.

Dubai dirham to usd

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Featured in reputable financial publications like Business Insider, Investopedia and Coindesk. Low These are the lowest points the exchange rate has been at in the last 30 and day periods. Check live rates, send money securely, set rate alerts, receive notifications and more. Xe Currency Converter. These are the average exchange rates of these two currencies for the last 30 and 90 days. Currency Information. This chart shows data from to Xe Rate Alerts. Used and trusted by millions of people. Xe International Money Transfer. Average These are the average exchange rates of these two currencies for the last 30 and 90 days. The average exchange rate over this period was 0. Create alert. Our currency converter is simple to use and also shows the latest currency rates. We use the mid-market rate for our Converter.

Review historical currency rates.

Currency Information. The low point was 0. Xe International Money Transfer. Xe Rate Alerts. Scan me! Create a chart for any currency pair in the world to see their currency history. These are the average exchange rates of these two currencies for the last 30 and 90 days. Download History. Our information is trusted by millions of users across the globe each month. View History Table. More Emirati Dirham info. High These are the highest points the exchange rate has been at in the last 30 and day periods. Conversely, 1 AED is worth 0. Exchange rates can fluctuate by the minute while markets are open. Download the Xe App Check live rates, send money securely, set rate alerts, receive notifications and more.