Exchange Rate in United Arab Emirates
United Arab Emirates - Exchange RateActivity likely continued to gain traction in Q2. The non-oil private sector PMI averaged higher overall compared to Q1, signaling business conditions improved at a faster pace. Moreover, June’s reading showed the first increase in employment levels in five months, likely supporting consumption. Meanwhile, Q2 oil production was higher than in Q1. Turning to Q3, the economy appeared to steam ahead, as in July–August the PMI averaged at the highest level in two years, and oil production continued to increase in July, with output marking an 11-month high. Moreover, from 1 August OPEC+ began further easing production cuts, and in the same month the successful vaccination program enabled the government to open up inbound travel to all vaccinated visitors, boosting the important tourism industry and suggesting a bright economic panorama ahead.
United Arab Emirates - Exchange Rate Data
|Exchange Rate (vs USD)||3.67||3.67||3.67||3.67||3.67|
5 years of economic forecasts for more than 30 economic indicators.
United Arab Emirates Exchange Rate Chart
Source: Thomson Reuters.
United Arab Emirates Facts
|Exchange Rate||3.67||0.0 %||Dec 31|
|Stock Market||0.1||0.75 %||Jan 07|
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July 2, 2021
Consumer prices increased 0.25% in May over the previous month, moderating from the 0.44% rise logged in April.
June 30, 2021
Consumer prices increased 0.44% in April over the previous month, accelerating from the 0.06% rise recorded in March.
June 25, 2021
Consumer prices increased 0.06% in March over the previous month, swinging from the 0.41% drop recorded in February.
June 3, 2021
The IHS Markit Purchasing Managers’ Index (PMI) ticked down to 52.3 in May from April’s 21-month high of 52.7.
May 4, 2021
The IHS Markit Purchasing Managers’ Index (PMI) inched up to a 21-month high in April, clocking in at 52.7, up from March’s 52.6.