Exchange Rates against UAE Dirham for VAT related obligations

Last updated 15 Jan 2021 6:00PM
Currency Rate
US Dollar 3.672500
Argentine Peso 0.042835
Australian Dollar 2.835032
Bangladesh Taka 0.043354
Bahrani Dinar 9.741379
Brunei Dollar 2.762109
Brazilian Real 0.695404
Botswana Pula 0.333276
Belarus Rouble 1.439914
Canadian Dollar 2.885824
Swiss Franc 4.134767
Chilean Peso 0.004993
Chinese Yuan - Offshore 0.566849
Chinese Yuan 0.567024
Colombian Peso 0.001061
Czech Koruna 0.170023
Danish Krone 0.598088
Algerian Dinar 0.027650
Egypt Pound 0.234515
Euro 4.448819
GB Pound 4.995919
Hongkong Dollar 0.473602
Hungarian Forint 0.012359
Indonesia Rupiah 0.000262
Indian Rupee 0.050222
Iceland Krona 0.028410
Jordan Dinar 5.179831
Japanese Yen 0.035391
Kenya Shilling 0.033356
Korean Won 0.003336
Kuwaiti Dinar 12.110470
Kazakhstan Tenge 0.008759
Lebanon Pound 0.002429
Sri Lanka Rupee 0.019028
Moroccan Dirham 0.412039
Macedonia Denar 0.072208
Mexican Peso 0.184859
Malaysia Ringgit 0.909823
Nigerian Naira 0.009633
Norwegian Krone 0.430565
NewZealand Dollar 2.629412
Omani Rial 9.538713
Peru Sol 1.016187
Philippine Piso 0.076479
Pakistan Rupee 0.022874
Polish Zloty 0.979151
Qatari Riyal 1.003470
Serbian Dinar 0.037814
Russia Rouble 0.049836
Saudi Riyal 0.979020
Swedish Krona 0.437969
Singapore Dollar 2.761071
Thai Baht 0.122213
Tunisian Dinar 1.356919
Turkish Lira 0.491074
Trin Tob Dollar 0.541763
Taiwan Dollar 0.131053
Tanzania Shilling 0.001584
Uganda Shilling 0.000991
Vietnam Dong 0.000159
South Africa Rand 0.240457
Zambian Kwacha 0.172242

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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.