Exchange Rates against UAE Dirham for VAT related obligations

Last updated 20 Jan 2020 6:00PM
Currency Rate
US Dollar 3.672500
Argentine Peso 0.061208
Australian Dollar 2.519898
Bangladesh Taka 0.043257
Bahrani Dinar 9.741121
Brunei Dollar 2.724811
Brazilian Real 0.878168
Botswana Pula 0.340434
Belarus Rouble 1.734602
Canadian Dollar 2.811160
Swiss Franc 3.790381
Chilean Peso 0.004763
Chinese Yuan - Offshore 0.534610
Chinese Yuan 0.534843
Colombian Peso 0.001102
Czech Koruna 0.161998
Danish Krone 0.544720
Algerian Dinar 0.030687
Egypt Pound 0.232584
Euro 4.070154
GB Pound 4.774441
Hongkong Dollar 0.472742
Hungarian Forint 0.012083
Indonesia Rupiah 0.000269
Indian Rupee 0.051707
Iceland Krona 0.029579
Jordan Dinar 5.179831
Japanese Yen 0.033329
Kenya Shilling 0.036290
Korean Won 0.003166
Kuwaiti Dinar 12.093322
Kazakhstan Tenge 0.009754
Lebanon Pound 0.002429
Sri Lanka Rupee 0.020253
Moroccan Dirham 0.381943
Macedonia Denar 0.066064
Mexican Peso 0.196798
Malaysia Ringgit 0.904223
Nigerian Naira 0.011976
Norwegian Krone 0.411812
NewZealand Dollar 2.424573
Omani Rial 9.538466
Peru Sol 1.105642
Philippine Piso 0.072066
Pakistan Rupee 0.023747
Polish Zloty 0.959754
Qatari Riyal 1.008651
Serbian Dinar 0.034614
Russia Rouble 0.059638
Saudi Riyal 0.978890
Swedish Krona 0.385560
Singapore Dollar 2.724609
Thai Baht 0.121005
Tunisian Dinar 1.300276
Turkish Lira 0.620690
Trin Tob Dollar 0.543133
Taiwan Dollar 0.122629
Tanzania Shilling 0.001592
Uganda Shilling 0.001000
Vietnam Dong 0.000159
South Africa Rand 0.252769
Zambian Kwacha 0.251111

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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.