Exchange Rates against UAE Dirham for VAT related obligations

Last updated 03 Aug 2020 6:00PM
Currency Rate
US Dollar 3.672500
Argentine Peso 0.050645
Australian Dollar 2.601289
Bangladesh Taka 0.043323
Bahrani Dinar 9.741896
Brunei Dollar 2.669356
Brazilian Real 0.691112
Botswana Pula 0.314728
Belarus Rouble 1.502783
Canadian Dollar 2.731702
Swiss Franc 3.983621
Chilean Peso 0.004824
Chinese Yuan - Offshore 0.525596
Chinese Yuan 0.525754
Colombian Peso 0.000973
Czech Koruna 0.163578
Danish Krone 0.578301
Algerian Dinar 0.028513
Egypt Pound 0.229962
Euro 4.305898
GB Pound 4.778790
Hongkong Dollar 0.473847
Hungarian Forint 0.012454
Indonesia Rupiah 0.000251
Indian Rupee 0.048816
Iceland Krona 0.026913
Jordan Dinar 5.179831
Japanese Yen 0.034526
Kenya Shilling 0.034052
Korean Won 0.003070
Kuwaiti Dinar 11.996537
Kazakhstan Tenge 0.008688
Lebanon Pound 0.002429
Sri Lanka Rupee 0.019787
Moroccan Dirham 0.392382
Macedonia Denar 0.070476
Mexican Peso 0.162340
Malaysia Ringgit 0.868717
Nigerian Naira 0.009639
Norwegian Krone 0.401103
NewZealand Dollar 2.416754
Omani Rial 9.538466
Peru Sol 1.039014
Philippine Piso 0.074755
Pakistan Rupee 0.021966
Polish Zloty 0.975095
Qatari Riyal 1.003991
Serbian Dinar 0.036622
Russia Rouble 0.049739
Saudi Riyal 0.979098
Swedish Krona 0.418385
Singapore Dollar 2.665481
Thai Baht 0.117558
Tunisian Dinar 1.346570
Turkish Lira 0.525913
Trin Tob Dollar 0.543028
Taiwan Dollar 0.124966
Tanzania Shilling 0.001580
Uganda Shilling 0.000997
Vietnam Dong 0.000158
South Africa Rand 0.212495
Zambian Kwacha 0.201310

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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.