Exchange Rates against UAE Dirham for VAT related obligations

Last updated 28 Jan 2020 6:00PM
Currency Rate
US Dollar 3.672500
Argentine Peso 0.061030
Australian Dollar 2.480581
Bangladesh Taka 0.043318
Bahrani Dinar 9.741638
Brunei Dollar 2.703150
Brazilian Real 0.874030
Botswana Pula 0.338963
Belarus Rouble 1.728561
Canadian Dollar 2.784095
Swiss Franc 3.774409
Chilean Peso 0.004660
Chinese Yuan - Offshore 0.526523
Chinese Yuan 0.529430
Colombian Peso 0.001083
Czech Koruna 0.160392
Danish Krone 0.540869
Algerian Dinar 0.030603
Egypt Pound 0.232437
Euro 4.041488
GB Pound 4.776304
Hongkong Dollar 0.472262
Hungarian Forint 0.011970
Indonesia Rupiah 0.000269
Indian Rupee 0.051535
Iceland Krona 0.029500
Jordan Dinar 5.179831
Japanese Yen 0.033683
Kenya Shilling 0.036397
Korean Won 0.003115
Kuwaiti Dinar 12.086556
Kazakhstan Tenge 0.009645
Lebanon Pound 0.002429
Sri Lanka Rupee 0.020234
Moroccan Dirham 0.380078
Macedonia Denar 0.065698
Mexican Peso 0.195046
Malaysia Ringgit 0.898691
Nigerian Naira 0.011984
Norwegian Krone 0.401239
NewZealand Dollar 2.398132
Omani Rial 9.538713
Peru Sol 1.103814
Philippine Piso 0.072315
Pakistan Rupee 0.023752
Polish Zloty 0.946325
Qatari Riyal 1.008651
Serbian Dinar 0.034383
Russia Rouble 0.058636
Saudi Riyal 0.978890
Swedish Krona 0.381348
Singapore Dollar 2.703150
Thai Baht 0.119044
Tunisian Dinar 1.295414
Turkish Lira 0.617424
Trin Tob Dollar 0.543133
Taiwan Dollar 0.121957
Tanzania Shilling 0.001593
Uganda Shilling 0.000997
Vietnam Dong 0.000158
South Africa Rand 0.250976
Zambian Kwacha 0.250768

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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.