Dubai is a beautiful city in the United Arab Emirates that is known for its luxurious lifestyle and towering skyscrapers. If you are planning to visit Dubai, one of the things you need to know is the currency used in the city. In this article, we will discuss in detail what the currency in Dubai is today.
What is the Currency of Dubai?
The official currency of Dubai is the UAE Dirham (AED). It was introduced in 1973 and has been in circulation ever since. The UAE Dirham is abbreviated as AED or simply Dhs (Dirhams).
What Is The Value Of The UAE Dirham?
The value of the UAE Dirham fluctuates depending on various factors such as market demand and supply, economic conditions, and political situations. As of today, 1 AED equals 0.27 USD, 0.20 GBP or 0.23 EUR respectively.
Where Can You Exchange Your Currency In Dubai?
There are several places where you can exchange your currency in Dubai. You can exchange your money at banks or authorized money exchange centers that are located throughout the city. You can also withdraw cash from ATMs using your debit or credit card.
Is It Better To Exchange Money Before Traveling To Dubai Or After Arrival?
It’s always better to exchange your money before traveling to Dubai as you may not get favorable rates at airports or hotels. Additionally, it’s better to carry some cash with you while traveling as some small stores and restaurants may not accept credit cards.
Tips For Handling Money In Dubai
- Carry Cash: As mentioned earlier, carrying some cash with you can be helpful for small transactions.
- Bargaining: Bargaining is a common practice in Dubai and you can negotiate prices for goods and services.
- Security: Dubai is generally a safe city, but it’s always better to be cautious with your money. Avoid carrying large sums of cash and keep your valuables in a safe place.
Conclusion
In conclusion, the currency of Dubai is the UAE Dirham (AED), and its value fluctuates depending on various factors. You can exchange your currency at banks or authorized exchange centers located throughout the city.
It’s always better to carry some cash with you while traveling to Dubai, and be cautious with your money. By following these tips, you can have an enjoyable trip to Dubai without worrying about handling money.