What We Do
We exchange currencies at the best rate and make international payments and money transfers simple.
We save you time and money by offering the best rates, zero commission and no fees. Online and anytime, 24/7.
How It Works
See how easy it is by viewing our 45 second demo.
What's New
Choose the target rate for your currency exchange.read more... FTT underwritten by A-rated insurer to £1M per claim.read more... Euro, US and Canadian Dollar payments settled same day.read more... NY listed broker partners with FTT.read more...UAE Dirhams (AED) International Payment Information
The currency of Dubai is the United Arab Emirates Dirham or UAE Dirham for short. The currency has been in circulation since 1971 and is freely traded i.e. it is possible to exchange Dubai Dirhams for other currencies and make international payments and money transfers into and out of Dubai without restriction.
Live UAE Dirham (AED) Currency Exchange Quote For Your International Payment
Real rates, no surprises. Don't be fooled by currency converters on other sites. They give you non-tradable rates just to get your attention. Use the currency exchange tool below to get the best currency exchange rate from FTT for your Dirhams conversion and international payment or money transfer. The tool can be used to get the best currency exchange rate for buying Dirhams or selling Dirhams.
International Payments and Money Transfers into Dubai
Making an international payment or money transfer into Dubai is an easy and seamless process. However, Fridays and Saturdays are the weekend in Dubai so most financial institutions in the region are closed on these days. For this reason, we advise our customers to allow extra time for the funds to arrive in Dubai. Note that FTT Currency is open and online 24 x 7.
You can use your bank to transfer the funds to Dubai but this method is likely to be very expensive. Most banks are unwilling to quote you a dealable exchange rate over the telephone. Expect to be told that you will get the 'Rate of the day' when you transfer your funds. Typically, the bank will charge between 1.5% and 4% of the amount transferred. They will also charge you for making an international payment or money transfer.
International Payments and Money Transfers out of Dubai
International payments and money transfers out of Dubai are straight forward but there are a few catches to be aware of. Fridays and Saturdays are the weekend in Dubai which means that most financial institutions are closed on these days. For this reason, we advise our customers to allow extra time for their funds to leave Dubai and arrive in their destination account. Note that FTT Currency is open and online 24 x 7.
You must always specify to your Dubai bank to send the funds in Dirhams. If you do not do this they will automatically convert the Dirhams into another currency, always at a poor exchange rate.
Why FTT Currency for Dirham International Payments and Money Transfers?
FTT Currency are experts at exchanging and transferring Dirhams. FTT Currency is open for business 24 x 7 which means that we open and transacting during the entire UAE working week including Sundays. We save you up to 90% of the
cost of transferring Dirhams and save you time because everything is online.
In a few minutes you can send your first payment. Your funds are processed
through protected client accounts at Barclays Bank and are fully insured against
fraud or negligence by an 'A' rated insurer.
You simply open an account, book a transfer and send your money (e.g. Pounds) to the FTT Currency segregated client accounts held at Barclays Bank.
Latest UAE Dirham News
Yesterday's Trading (02-Sep-2010)
GBP/AED - closing market price was 5.6516 with a low of 5.6242 and a high of 5.6852.
USD/AED - closing market price was 3.6730 with a low of 3.6717 and a high of 3.6738.
EUR/AED - closing market price was 4.7052 with a low of 4.6815 and a high of 4.7268.
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Manufacturing boosts economy (source: FT)
The economy continued to perform strongly as it entered the third quarter, says the National Institute of Economic and Social Research, with growth of 0.9 per cent in the three months ending in July (source: FT)
Currencies: Dollar falls after payrolls, slides for 9th week (source: Market Watch)
Nonfarm-payrolls data for July heighten concerns over the durability of the U.S. economic recovery, putting the dollar on the defensive. (source: Market Watch)
Redenominating currencies (source: FT)
A string of zeros at the end of a currency is a pain for everyone (source: FT)
Italian growth edges up in second quarter (source: FT)
Italy's economy continues to emerge slowly from its worst post-war recession as figures show that GDP grew 0.4 per cent in the quarter to June (source: FT)
German unions seek pay rises on back of recovery (source: FT)
Germany's leading trade unions are gearing up to put forward increased wage demands in the coming months, in response to continuing evidence of faster growth in Europe's largest economy (source: FT)
Euro cedes early gains in tepid trade (source: FT)
There were low levels of activity as investors awaited non-farm payrolls, prompting sideways trading in the dollar (source: FT)
Currencies: Dollar slips as focus turns to U.S. payrolls (source: Market Watch)
The U.S. dollar slumps as traders are hesitant to make large bets ahead of Friday's U.S. payrolls report for July. (source: Market Watch)
Currencies: Dollar gains for first day in six (source: Market Watch)
The dollar turns higher against the Japanese yen and adds to gains versus the euro after better-than-anticipated reports on private payrolls and the services industry dampen worries about the U.S. economy's growth. (source: Market Watch)
Currencies: Dollar hits 4-month low on reports of Fed shift (source: Market Watch)
The U.S. dollar slips against its major rivals, weighed down by a news report that Federal Reserve officials will consider a slight policy shift. (source: Market Watch)
Euro Headed Below 1.55 (source: AME)
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The ECB Has Room to Raise Interest Rates?! (source: AME)
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Euro Extends Losses on Disappointing Data (source: AME)
- US Dollar: The Best of the Worst? - Euro Extends Losses on Disappointing Data - British Pound Gets Killed by Retail Sales (source: AME)
Will the US Dollar Continue to Rally? (source: AME)
- New Zealand Dollar Hits 6 Month Low After RBNZ Rate Cut - Will the US Dollar Continue to Rally? - Euro Could Come Under Further Pressure on German IFO Report (source: AME)
Dollar in doldrums as Fed meeting looms (source: FT)
The dollar hovers around its weakest level in months against a selection of the world's main currencies as investors increase their bets against it amid growing doubts about the US economic rebound (source: FT)
German exports surge points to rebound (source: FT)
German exports rose in June to the highest level since the collapse of the investment bank Lehman Brothers sent the global economy into a tailspin two years ago, in the latest sign of the rebound in Europe's largest economy (source: FT)
