Exchange Rate in United Arab Emirates

United Arab Emirates Exchange Rate | Economic News & Forecasts

United Arab Emirates - Exchange Rate

The economy looks set to lose further momentum in the first half of 2020, after decelerating for two consecutive quarters in the second half of 2019. Strict lockdown measures have impaired business conditions in the private sector, as evidenced by the PMI plunging to a record low in April, amid crumbling demand and significant job losses. Furthermore, widespread travel bans have led to a virtual shutdown of incoming flights to the UAE in March–April, which, combined with the delay of October’s planned Expo 2020, will likely lead to a marked decline in tourism revenues. Moreover, tumbling oil prices amid plunging global demand are set to wreak further havoc on the external sector, while sharply reduced revenues will pressure public finances. This comes despite a recent easing of lockdown measures in early May, with commercial venues opening at limited capacity and social distancing measures remaining.

United Arab Emirates - Exchange Rate Data

2014   2015   2016   2017   2018  
Exchange Rate (vs USD)3.67  3.67  3.67  3.67  3.67  

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United Arab Emirates Exchange Rate Chart

UAE Exchange Rate
Note: United Arab Emirates Dirham (AED) per U.S. dollar
Source: Thomson Reuters.

United Arab Emirates Facts

Value Change Date
Exchange Rate3.670.0 %Dec 31
Stock Market0.10.75 %Jan 07

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