What it means
The price of one currency in another. Banks and exchange houses add a margin on top of the market rate.
Banking
Exchange Rate
The price of one currency in another. Banks and exchange houses add a margin on top of the market rate.
CategoryBanking
Pro tip inside1 quick win
What “Exchange Rate” really means
The meaning, how it works in the UAE, and why it matters to your money.
How it works in the UAE
The exchange rate is the price of one currency in another. The UAE dirham is pegged to the US dollar at about 3.6725 AED per USD.
Why it matters
Small differences in the rate make a big difference on large transfers.
EXAMPLE
1 USD = 3.6725 AED (the UAE dirham is pegged to the US dollar).
PRO TIPCheck the live market rate before you send money.
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Read more about Exchange Rate
Guides that use this term — and a tool to put it into practice.
