13 may rates exchange in the uar currency
1$ US dollar is equal to 0.271753832731
100$ US dollar is equal to 27.1753832731
Some exchange houses have stopped accepting the US dollar altogether as the market speculated the UAE Central Bank would revalue dirham on Sunday.
CURRENT CURRENCY RATES:
Currency Code USD/1 Unit Units/1 USD
UAE dhms.Dirham AED 0.2724 3.6752
Australian Dollar AUD 0.6168 1.6226
Brazilian Real BRL 0.4555 2.2055
Canadian Dollar CAD 0.7739 1.2928
Egyptian Pound EGP 0.1821 5.6577
Euro EUR 1.2491 0.8007
British Pound GBP 1.5612 0.6408
Japanese Yen JPY 0.010569 94.6506
Polish Zloty PLN 0.3372 2.9734
Ex-change Houses:
Many exchange houses told in News on Saturday that it posed a huge risk for them to buy dollars at the officially pegged rate. "The low demand has forced us to offer lower rates on dollar," said Sudhir Shetty, General Manager of UAE Exchange Centre.
Meanwhile, UAE central bank governor Sultan Bin Nasser Al Suwaidi warned speculators against betting on the dirham. "Their speculation will not yield the gains they expect," Al Suwaidi was quoted as saying by Al Khaleej.
Have your sayWhat do you think about this latest move by UAE money exchange houses? Tell us how this will affect your daily budget.
UAE Money Exchanges:
UAE money exchanges offer low dollar rates against dirham By Shakir Husain, Staff ReporterLast updated: December 01, 2007, 18:22
Dubai: Anticipating a revaluation of the dirham, money exchanges in the UAE have already revised the rates at which they sell local currency against other currencies.
Some have even stopped accepting the US dollar altogether as the market speculated the UAE Central Bank would revalue the dirham today. A currency dealer at Hadi Exchange said on Friday the exchange was not accepting the US dollar until Sunday. "We think the Central Bank is going to fix the dirham at 3.5 per dollar," he told Gulf News.
UAE Exchange was offering Dh3.50 for every US dollar. While Thomas Cook was offering Dh3.25 per dollar on Friday, Al Ghurair Exchange was offering just 3.10 per dollar. Wall Street Exchange said it was not accepting the US currency against the dirham.
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