Exchange Rates against UAE Dirham for VAT related obligations

Last updated 29 Oct 2020 6:00PM
Currency Rate
US Dollar 3.672500
Argentine Peso 0.046918
Australian Dollar 2.581904
Bangladesh Taka 0.043257
Bahrani Dinar 9.740346
Brunei Dollar 2.689097
Brazilian Real 0.636614
Botswana Pula 0.320605
Belarus Rouble 1.396069
Canadian Dollar 2.748466
Swiss Franc 4.018492
Chilean Peso 0.004772
Chinese Yuan - Offshore 0.547415
Chinese Yuan 0.547391
Colombian Peso 0.000956
Czech Koruna 0.156958
Danish Krone 0.576675
Algerian Dinar 0.028448
Egypt Pound 0.233917
Euro 4.293815
GB Pound 4.749127
Hongkong Dollar 0.473663
Hungarian Forint 0.011685
Indonesia Rupiah 0.000251
Indian Rupee 0.049335
Iceland Krona 0.025996
Jordan Dinar 5.179831
Japanese Yen 0.035194
Kenya Shilling 0.033739
Korean Won 0.003239
Kuwaiti Dinar 12.003203
Kazakhstan Tenge 0.008480
Lebanon Pound 0.002429
Sri Lanka Rupee 0.019924
Moroccan Dirham 0.398803
Macedonia Denar 0.069687
Mexican Peso 0.171737
Malaysia Ringgit 0.883556
Nigerian Naira 0.009634
Norwegian Krone 0.384676
NewZealand Dollar 2.432925
Omani Rial 9.538961
Peru Sol 1.017369
Philippine Piso 0.075840
Pakistan Rupee 0.022930
Polish Zloty 0.930949
Qatari Riyal 1.008458
Serbian Dinar 0.036524
Russia Rouble 0.046276
Saudi Riyal 0.979255
Swedish Krona 0.411803
Singapore Dollar 2.689294
Thai Baht 0.117595
Tunisian Dinar 1.325812
Turkish Lira 0.441242
Trin Tob Dollar 0.540113
Taiwan Dollar 0.128270
Tanzania Shilling 0.001584
Uganda Shilling 0.000981
Vietnam Dong 0.000158
South Africa Rand 0.224033
Zambian Kwacha 0.178277

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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.