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Open <% currencies.converter.data.Current.closerate %>
High <% currencies.converter.data.Current.high %>
Low <% currencies.converter.data.Current.low %>
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<% currencies.converter.data.Current.absolute|toFixed:5 %> (<% currencies.converter.data.Current.percentage %>%)
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<% 1 %> AED = <% 1 * currencies.converter.rate |toFixed: 4 %> USD
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<% 1 %> USD = <% 1 / currencies.converter.rate |toFixed: 4 %> AED
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AED to USD conversion rates
AED
USD
<% amount %> AED
<% amount * currencies.converter.rate |toFixed: 4 %> USD
USD
AED
<% amount %> USD
<% amount / currencies.converter.rate |toFixed: 4 %> AED
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What impacts the AED/USD exchange rate
AED/USD represents the currency pair trading the United Arab Emirates Dirham against the US dollar. The AED is the official currency used across Dubai and other Emirates, and its value is pegged to the US dollar. Although it does not feature among the most traded currencies in the forex market like the USD, EUR and GBP, it is considered one of the most stable currencies in the world. The AED/USD currency pair does not exhibit volatility as the UAE government has pegged the AED to the USD, since crude oil prices are denominated in US dollars. As a result of this peg, the volatility of its exports are significantly reduced, increasing the stability of its currency, the AED. The value of the AED/USD is closely correlated with crude oil prices as crude oil is one of the most important exports out of the emirates. Pegging the value of the dirham to the US dollar also helps maintain financial stability across the UAE - a region that receives several hundreds of millions' worth of foreign investment every single year. Any changes to the peg could rattle investor confidence in the region, and impact the economy of the UAE severely.
AED to USD exchange rate - FAQ
What currencies are AED correlated with?

Although pegged to the US dollar, the AED also enjoys a close correlation with several other currencies. Some of them include Chinese yuan, Hong Kong dollar, Israeli New Shekel, Singapore dollar and Indian rupee.

What are the cons of pegging the value of the AED to the USD?

When the value of the US dollar depreciates due to monetary easing by the Fed or any other factors, the UAE Central Bank will have to resort to purchasing more dollars to maintain the exchange rate steady at 3.672.

Did the UAE ever consider removing the peg?

During the global financial crisis back in 2008-09, markets had anticipated such a possibility, given the weakness in the US economy. However, the UAE Central Bank continues to hold the peg in place.