The currency of the United States is the US dollar (currency code USD). The currency used in the United Arab Emirates (UAE) is the UAE dirham (currency code AED, abbreviation Dhs).
1 United Arab Emirates dirham (AED) is today worth 0.27 US dollars (USD).
The AED (Dhs) to USD exchange rate was last updated on .
The dirham is pegged (fixed) to the US dollar. The AED to USD exchange rate never changes.
Convert USD to AED
1 US dollar (USD) is now worth 3.67 United Arab Emirates dirham (AED).
The USD to AED (Dhs) exchange rate was updated on Thursday 23rd of March 2023 at 2:22 pm GMT.
Exchange Rate Calculator
Use our currency converter to convert UAE dirhams (AED) to United States dollars (USD) and vice versa.
Currency Conversion – UAE Dirhams (Dhs) to US Dollars
US dollar equivalents for a range of UAE dirham (AED/Dhs) amounts are shown below.
- 1 AED = 0.27 USD
- 5 AED = 1.36 USD
- 10 AED = 2.72 USD
- 50 AED = 13.62 USD
- 100 AED = 27.23 USD
- 500 AED = 136.15 USD
- 1000 AED = 272.3 USD
- 5000 AED = 1361.5 USD
- 10000 AED = 2723 USD
- 50000 AED = 13615 USD
- 100000 AED = 27230 USD
Currency Conversion – US Dollar to UAE Dirhams (Dhs)
UAE dirham (AED/Dhs) equivalents for a range of US dollar amounts are listed below.
- 1 USD = 3.67 AED
- 5 USD = 18.36 AED
- 10 USD = 36.72 AED
- 50 USD = 183.62 AED
- 100 USD = 367.24 AED
- 500 USD = 1836.21 AED
- 1000 USD = 3672.42 AED
- 5000 USD = 18362.1 AED
- 10000 USD = 36724.2 AED
- 50000 USD = 183621 AED
- 100000 USD = 367242 AED
AED to Dollar Exchange Rate – Pegged Exchange Rate
The UAE dirham (AED) is pegged to the US dollar (USD). The dollar to dirham exchange rate is fixed at 1 USD to 3.67 AED. The AED to USD rate is 1 AED to 0.27 AED.
Most Gulf Cooperation Council (GCC) countries peg their currencies to the dollar. Members of the GCC are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.
The GCC countries are oil-exporting nations. Oil is priced and traded in US dollars so GCC countries have US dollars as their main income. 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. For example, if the US dollar weakens, the value of the GCC countries’ currencies will also decline. This can make imported goods more expensive, and make it difficult for citizens to travel abroad.
In addition, pegging the Dirham to the USD makes it more difficult for the UAE to pursue its own monetary policy goals. The Central Bank of the United Arab Emirates cannot use interest rates to manage inflation. UAE interest rates must always be aligned with those set by the US Federal Reserve. Differences in interest rates would lead to arbitrage opportunities, where investors could quickly make profits by buying and selling UAE dirhams (AED) and US dollars (USD).
Despite these potential drawbacks, the UAE has no immediate plans to unpeg its currency from the US dollar. The country’s economy is heavily reliant on US dollar-denominated trade and a change in exchange rate policy could have significant consequences for the economy.
Importance of the UAE Dirham to US Dollar Exchange Rate
As noted above, the UAE is an oil-exporting country. The UAE dirham to dollar exchange rate is important because oil is priced and traded in US dollars.
The UAE dirham to dollar exchange rate is also important because the UAE and the United States are major trading partners.
Data from WITS (the World Bank trade database) shows that in 2019, exports from the UAE to the US amounted to $6.39 billion. Imports to the UAE from the US were $20.02 billion. Huge amounts of money flow between the US and the UAE.
|2019 Rank||2019 Imports To UAE From:||2019 Imports (US$ Billions)||2019 Import Partner Share (%)|
|35||Republic of the Congo||1.57||0.54|
|2019 Rank||2019 Exports From UAE To:||2019 Exports (US$ Billions)||2019 Export Partner Share (%)|
It is also worth noting that major trading partners of the UAE include countries such as Saudi Arabia and Bahrain. The currencies of these countries are also pegged to the US dollar (and in turn the UAE dirham).
The UAE also attracts a significant number of tourists from the US. In the first 6 months of 2022, around 262,000 US citizens visited Dubai. Abu Dhabi also pulls in large numbers of US visitors. US citizens convert dollars to dirhams when visiting the UAE.
Large numbers of UAE residents also visit the US. They convert dirhams to dollars when travelling.
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