Exchange Rate in United Arab Emirates
United Arab Emirates - Exchange Rate (average of period)Economic growth was likely solid in Q2. Oil output growth was robust, notwithstanding ongoing OPEC production cuts. Moreover, the non-energy economy looks to have accelerated as the non-oil sector PMI expanded at the fastest pace since Q4 2014 in the second quarter. In addition, healthy job creation should have buttressed household spending. Turning to Q3, the economy likely decelerated. Oil production growth softened in the quarter, while in September the non-oil sector PMI recorded the lowest reading since May 2010 on record-low new orders growth. In other news, the UAE approved its 2020 federal budget in late September, which will be the largest spending plan in its history, boding well for growth. The budget will boost spending on social development programs such as education and healthcare.
United Arab Emirates - Exchange Rate (aop) Data
|Exchange Rate (vs USD, aop)||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 (aop) Chart
Source: Thomson Reuters.
United Arab Emirates Facts
|Exchange Rate||3.67||0.0 %||Sep 04|
|Stock Market||0.1||0.75 %||Sep 04|
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October 23, 2019
Consumer prices increased 0.33% month-on-month in August, contrasting July’s 0.79% fall.
October 3, 2019
The IHS Markit Purchasing Managers’ Index (PMI) ticked down to 51.1 in September from 51.6 in August.
September 3, 2019
The IHS Markit Purchasing Managers’ Index (PMI) plunged to 51.6 in August from 55.1 in July.
August 5, 2019
The IHS Markit Purchasing Managers’ Index (PMI) fell from 57.7 in June to 55.1 in July.
July 3, 2019
The Emirates NBD Purchasing Managers’ Index (PMI) fell from 59.4 in May—the highest reading since October 2014—to 57.7 in June.