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UAE Dirham (AED)

The United Arab Emirates dirham (AED) is the currency of the UAE, issued by the Central Bank of the UAE, and it is pegged to the US dollar at a fixed parity. It is written AED or Dh and divides into 100 fils.

Updated Sep 19, 2026, 12:02 AM

AED
From
To

Converted amount

2.37 EUR

1 AED = 0.23724 EUR · 1 EUR = 4.2151 AED

AEDEUR

Updated Sep 19, 2026, 12:02 AM

AED against the major currencies

The figure shown is the mid-market rate: the midpoint between the buy and sell price, updated hourly. It is the rate before any margin is added, so a bank or a bureau de change will quote you a lower one.

About the UAE Dirham

The dirham was introduced in 1973, shortly after the federation was formed, replacing the Qatar and Dubai riyal and, in Abu Dhabi, the Bahraini dinar. It has been formally pegged to the US dollar since 1997, at a parity that has not changed since.

That peg explains how the dirham behaves. Against the dollar the rate is effectively flat; against the euro, the pound or the rupee it moves exactly as the dollar does. For a visitor the currency is therefore predictable: what changes is not the dirham itself but the strength of the dollar.

The dirham is legal tender across all seven emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah.

AED at a glance

Symbol
Dh (د.إ)
Subunit
1 dirham = 100 fils
Central bank
Central Bank of the UAE, based in Abu Dhabi
Pegged to
The US dollar, at a fixed parity since 1997
ISO 4217 code
AED

FAQ

What is the currency of Dubai?

Dubai uses the United Arab Emirates dirham, ISO code AED, the currency of all seven emirates. It is issued by the Central Bank of the UAE, divides into 100 fils and is pegged to the US dollar at a fixed rate.

Is the UAE dirham pegged to the dollar?

Yes, formally since 1997, at a parity that has not moved since. The dirham-to-dollar rate is therefore stable from one day to the next, while the dirham's rate against the euro, the pound or the rupee follows the dollar's own movements.

Can I pay in euros or dollars in the UAE?

Prices are set in dirhams and payment is expected in dirhams. Some hotels and shops accept dollars or euros at their own rate, which is usually worse than the mid-market rate, so paying by card or with locally withdrawn cash costs less.

Follow the AED from your phone

The app converts AED into 148 currencies, offline included, and keeps your favourite pairs one tap away.

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