Exchange Rate Information & Advice

[Razneer]

Information comsing soon!

(If you have any advice/suggestions, pls post here).

[Razneer]

I am using UAE Exchange branches (www.uaeechange.com) to buy AED currency. The rate has been very good and compared with transferring money using HSBC, UAE are much cheaper.

E.g £1 =

UAE Exchange AED rate = 7.11 / Travelex & HSBC approx AED 7.00
Fee: UE Exchange £15.00 up to £1000 / £20 HSBC; travelex unknown.

Does anyone have any other recommendations on who to use and who gives the best rate/low fees???

[laguna33p]

the rate is the highest in 15yrs, i manage to get 7.2 a couple of weeks ago, try Foreign Currency Exchange - HiFX PLC

[mziyad2@yahoo.co.uk]

hi

I have used HIFX regularly and get a good rate. Reliable also.

[laguna33p]

i have had only 1 prob with hifx in all the payments i have made, it was to tameer, hifx had guaranteed no charges would be levied by the receiving bank, when infact 40aed was deducted.

[wayneis]

May be this is stating the obvious however the UAE Dirham is tied to the US $ around 3.67 AED = 1 US $ so you could allways buy Dollars instead of Dirhams.


This how ever will change in the future as there has been much focal concern over the UAE currency being pegged to the US Dollar.

[Razneer]

For information only:

For those of you who don't track exchange rates, the Dirham rate against Sterling has started to fall slightly so it might be wise to purchase your Dirhams whilst the rate is still above £1.00 to 6.7AED.

Current rate is £1.00 to 6.9AED approx