Exchange Rates against UAE Dirham for VAT related obligations

Last updated 16 May 2022 6:00PM
Currency Rate
US Dollar 3.672500
Argentine Peso 0.031156
Australian Dollar 2.544340
Bangladesh Taka 0.041967
Bahrani Dinar 9.741121
Brunei Dollar 2.633372
Brazilian Real 0.726092
Botswana Pula 0.298570
Belarus Rouble 1.088600
Canadian Dollar 2.842052
Swiss Franc 3.651322
Chilean Peso 0.004289
Chinese Yuan - Offshore 0.539780
Chinese Yuan 0.541268
Colombian Peso 0.000900
Czech Koruna 0.154287
Danish Krone 0.513414
Algerian Dinar 0.025065
Egypt Pound 0.200793
Euro 3.820347
GB Pound 4.495104
Hongkong Dollar 0.467834
Hungarian Forint 0.009879
Indonesia Rupiah 0.000251
Indian Rupee 0.047168
Iceland Krona 0.027667
Jordan Dinar 5.179831
Japanese Yen 0.028454
Kenya Shilling 0.031605
Korean Won 0.002864
Kuwaiti Dinar 11.957867
Kazakhstan Tenge 0.008486
Lebanon Pound 0.002429
Sri Lanka Rupee 0.010222
Moroccan Dirham 0.363877
Macedonia Denar 0.062004
Mexican Peso 0.183029
Malaysia Ringgit 0.835039
Nigerian Naira 0.008844
Norwegian Krone 0.373222
NewZealand Dollar 2.306267
Omani Rial 9.539209
Peru Sol 0.969304
Philippine Piso 0.069906
Pakistan Rupee 0.018882
Polish Zloty 0.821037
Qatari Riyal 1.005421
Serbian Dinar 0.032523
Russia Rouble 0.056784
Saudi Riyal 0.979046
Sudanese Pound 0.008095
Swedish Krona 0.364007
Singapore Dollar 2.633372
Thai Baht 0.105501
Tunisian Dinar 1.192641
Turkish Lira 0.235928
Trin Tob Dollar 0.540957
Taiwan Dollar 0.123317
Tanzania Shilling 0.001579
Uganda Shilling 0.001012
Vietnam Dong 0.000159
Yemen Rial 0.014678
South Africa Rand 0.226224
Zambian Kwacha 0.216017
Azerbaijan manat 2.161566
Bulgarian lev 1.953561
Croatian kuna 0.507904
Ethiopian birr 0.070768
Iraqi dinar 0.002516
Israeli new shekel 1.080369
Libyan dinar 0.760903
Mauritian rupee 0.084815
Romanian leu 0.772199
Syrian pound 0.001462
Turkmen manat 1.050787
Uzbekistani som 0.000329

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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.