EUR/AED - Euro UAE Dirham

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Marvel at the many man-made wonders in Dubai from the islands of Palm Jumeirah, to the tallest building in the world, Burj Khalifa, to the largest shopping center in the world, The Dubai Mall, or the first seven star hotel in e forex exchange rate dubai dirham world, Burj Al Arab. No matter where you are in Dubai, Get4x can help you find the best exchange rates from money changers in the city.

Just search and select the best exchange rate near you before contacting e forex exchange rate dubai dirham chosen money changer through the app to confirm the rate. If you are exchanging money in Dubai and that transaction involves AED 2, or the equivalent in other currencies, the money changer will ask for and record identification details such as your name and full address on forms, which will have to be initialed by yourself and the money changer.

For transfers and drafts worth AED 40, e forex exchange rate dubai dirham money changer will need to fill out a form that is filed separately. If you are conducting a transaction on behalf of someone else, the money changer will also request for the identification documents of the third party.

If you are transferring money to, or receiving money from a country that does not apply guidelines from the Financial Action Task Force, you may be subject to more stringent regulatory checks. In the event that money changers suspect any incidences of money laundering, they will have to report this to the Central Bank and other regulatory authorities. They are also required e forex exchange rate dubai dirham appoint a Compliance Officer to handle regulatory reporting and suspected money laundering cases, as well as conduct compliance training for employees.

Money Changer in Dubai. Looking for the best exchange rates in Dubai? Best rate out of found: Using Get4x in Dubai. Search Select your currencies to discover the best cash exchange rates near you. Select Choose your preferred exchange rate and contact the money changer to confirm a rate. Save Pick up your ordered currency at the money exchange and enjoy your savings!

Recommended Money Changers in Dubai. Federal Exchange Naif Details. Alfa exchange Al Sabkha Details. View money changer details. There were some problems with your input. Sign in with Facebook. Sign in with Google. Sign up for a better way to exchange money Whoops! Sign up with Facebook. Sign up with Google. Already have an account?

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Sun 08 04 Are you an expat who sends money home regularly or a frequent traveller who trots across the globe for business or leisure? Currency exchange rate is defined as the rate at which one currency can be converted into another. Understanding the reason behind the exchange rate volatility can help you identify the best time to send money or even travel abroad. Here are top 3 factors that cause currency rate fluctuations.

Inflation rate is the rate at which the general price of goods and services increase in the country. Lower inflation rates indicate a healthy economy thus resulting in significant appreciation in its currency value. The amount of currency in circulation is called the monetary supply of the country. Central banks all over the world take several measures to maintain stable money flow by benchmarking interest rates.

Interest rates indicate the cost at which money can be borrowed. When the interest rate is lowered, businesses tend to borrow and invest thus increasing monetary rotation and stimulating the economy. However when there is too much money in circulation and the supply of goods are less, high inflation creeps in stifling the economy, thus causing exchange rate depreciation. Countries with uncertain political, social and economic conditions do not attract investments. When confidence is lost in a particular market, investors quickly withdraw their money and move their capital to more stable countries.

Demand and supply mismatch triggers higher inflation rates, thus affecting the currency exchange rates. Even poor social conditions such as low employment rate causes weak spending, thus curbing money flow. Economic factors such as budget deficits or surpluses, positive trade balances when exports are more than the imports and inflation levels influence the foreign exchange rates.

Hence while planning a huge remittance or a vacation, make sure you look for Forex service providers who offer you best exchange rates. Several foreign exchange houses such as UAE Exchange provide profitable deals in foreign exchange rates along with instantaneous Forex rate updates. E-mail required, but will not display.

Notify me of follow-up comments. Feedback Request a call back. KCA Talent Scan Next Phase in International Money Transfer. Rate this item 1 2 3 4 5 2 votes. Inflation Rate Inflation rate is the rate at which the general price of goods and services increase in the country. Monetary Supply The amount of currency in circulation is called the monetary supply of the country.

Political, Social and Economic Conditions Countries with uncertain political, social and economic conditions do not attract investments. Now go ahead, send money to your loved ones and plan great vacations at the right time! Last modified on Friday, 21 October Related items How do you forecast exchange rates?

Reasons why you should watch the dollar movement before you remit! A Crash Course Say goodbye to currency exchange worries. Say hello to gocash prepaid card. More in this category: Add comment Name required E-mail required, but will not display Notify me of follow-up comments Refresh Send.