Exchange Rates against UAE Dirham for VAT related obligations

Last updated 01 Apr 2020 6:00PM
Currency Rate
US Dollar 3.672500
Argentine Peso 0.056912
Australian Dollar 2.228053
Bangladesh Taka 0.043292
Bahrani Dinar 9.740088
Brunei Dollar 2.559590
Brazilian Real 0.702266
Botswana Pula 0.306834
Belarus Rouble 1.413751
Canadian Dollar 2.596140
Swiss Franc 3.800186
Chilean Peso 0.004254
Chinese Yuan - Offshore 0.516620
Chinese Yuan 0.517108
Colombian Peso 0.000898
Czech Koruna 0.146618
Danish Krone 0.537749
Algerian Dinar 0.029335
Egypt Pound 0.232584
Euro 4.014100
GB Pound 4.561545
Hongkong Dollar 0.473712
Hungarian Forint 0.010990
Indonesia Rupiah 0.000223
Indian Rupee 0.048749
Iceland Krona 0.025716
Jordan Dinar 5.179831
Japanese Yen 0.034265
Kenya Shilling 0.034910
Korean Won 0.002982
Kuwaiti Dinar 11.733227
Kazakhstan Tenge 0.008168
Lebanon Pound 0.002429
Sri Lanka Rupee 0.019380
Moroccan Dirham 0.359257
Macedonia Denar 0.065035
Mexican Peso 0.151300
Malaysia Ringgit 0.842800
Nigerian Naira 0.010187
Norwegian Krone 0.356394
NewZealand Dollar 2.169995
Omani Rial 9.535741
Peru Sol 1.063999
Philippine Piso 0.071967
Pakistan Rupee 0.022108
Polish Zloty 0.875259
Qatari Riyal 1.008651
Serbian Dinar 0.034160
Russia Rouble 0.046611
Saudi Riyal 0.976209
Swedish Krona 0.366075
Singapore Dollar 2.559769
Thai Baht 0.111086
Tunisian Dinar 1.274156
Turkish Lira 0.549800
Trin Tob Dollar 0.543535
Taiwan Dollar 0.121301
Tanzania Shilling 0.001587
Uganda Shilling 0.000968
Vietnam Dong 0.000156
South Africa Rand 0.204474
Zambian Kwacha 0.201509

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The listed foreign currency rates against AED (Arab Emirates Dirham) are published by the Central Bank of UAE only for the calculation of the VAT obligation of UAE business entities to the UAE Federal Tax Authority as per the requirement of Union Law No. 8 on Value Added Tax. The rates are provided by Thomson Reuters and converted into AED by the Central Bank of UAE. These rates are updated Monday to Friday and are based on FX rates prevailing at 6pm UAE time each day. In instances where specific markets are closed due to local holiday, then the relevant rate will be the prevailing rate of the previous day at 6pm. All rates used are the mid rates of the concerned currency pairs.

Neither The Central Bank of UAE or Thomson Reuters, nor any person or persons acting on their behalf, may be held responsible with respect to any direct (or indirect) loss that may arise from the use of, or reliance on, the published rates.