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 and US 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
GBP/AED - closing market price was 5.5124 with a low of 5.4726 and a high of 5.5351.
USD/AED - closing market price was 3.6715 with a low of 3.6640 and a high of 3.6790.
EUR/AED - closing market price was 4.9955 with a low of 4.9603 and a high of 5.0163.
EU Raises 2010 GDP Forecast as Deficits (source: ForexNewsOnline)
The euro-area economy may expand 0.7 percent next year, the European Commission said, raising its forecast even as budget deficits and jobless ranks swell further. (source: ForexNewsOnline) - RSS and News widget on Feedzilla.com
Disappointing data weigh on sterling (source: FT)
Sterling lost ground on Tuesday as disappointing economic data and renewed concern over the UK's banking sector and fiscal health weighed on the pound (source: FT) - News widgets and RSS feeds on Feedzilla.com
Beijing still keen to buy US bonds (source: FT)
China's investments in US Treasury bonds are continuing 'every day' and should not be politicised, according to the head of China's foreign exchange administration, which manages $2,400bn in forex reserves (source: FT) - RSS widgets and RSS feeds on Feedzilla.com
Currencies: Dollar up; rating agencies revive debt worries (source: Market Watch)
The U.S. dollar gains versus the euro and British pound, finding support amid ongoing worries about debt problems in the euro zone and the U.K. (source: Market Watch) - RSS and News widget on Feedzilla.com
Currencies: Dollar turns up as U.S. stocks give up gains (source: Market Watch)
The dollar took its cues from equities markets Monday, as investors' falling risk appetite favored the greenback over riskier assets. (source: Market Watch) - RSS news feeds and Widgets on Feedzilla.com
Currencies: Dollar falls vs. euro as Greece fears subside (source: Market Watch)
The dollar turns lower against the euro and the pound but stays higher against the yen, tugged by news about Greece and U.S. payrolls data. (source: Market Watch) - RSS and News widget on Feedzilla.com
Currencies: Dollar up after U.S. data, Europe's rate news (source: Market Watch)
The U.S. dollar gains versus the euro and other major currencies after a surprisingly weak report on U.S. home sales triggers worries about the pace of the economy's recovery. (source: Market Watch) - RSS and News widget on Feedzilla.com
Euro Headed Below 1.55 (source: AME)
- Dollar Rally Set to Continue - British Pound Falls as UK Consumers Cut Back (source: AME) - RSS and News widget on Feedzilla.com
The ECB Has Room to Raise Interest Rates?! (source: AME)
- Dollar Rallies on Strong Data, but Watch Out for a Big Week - Is the UK Headed for a Recession? (source: AME) - RSS and News widget on Feedzilla.com
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) - RSS feeds and Feed widget on Feedzilla.com
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) - RSS and News widget on Feedzilla.com