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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Sending money to the UAE can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to the UAE bank accounts or pay a United Arab Emirates dirham invoice.
British pound (GBP) to United Arab Emirates dirham (AED) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/AED Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average, yet lacks a clear driver.
GBP/USD Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average but lacks a clear driver.
GBP/EUR Outlook: Slightly weaker, but likely to move sideways as the rate is near its recent average and has insufficient clear direction.
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in United Arab Emirates dirham across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
| GBP | AED |
|---|---|
| £ 198.70 | د.إ 1,000 |
| £ 993.50 | د.إ 5,000 |
| £ 3,974 | د.إ 20,000 |
| £ 19,870 | د.إ 100,000 |
More amounts
*Converted at the current GBP-AED interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best GBP to AED exchange rate is 5.0075 from OFX . This is -0.5% compared to the mid-market rate 5.0326.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to United Arab Emirates dirham (AED) rates from different sources before making a conversion.
The above Sterling to United Arab Emirates dirham comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-AED mid-rate and the possible savings of using various providers.
Looking at the full GBP to AED - Send Money comparison table the provider with the best GBP to AED exchange rate is OFX at 5.0075, -0.5% from the latest mid-market rate 5.0326.
The next best is Wise at 5.0034, -0.58% from the mid-rate.
Then XE at 5.0024, which is -0.6% from the mid-rate.
The Western Union rate is 4.9571 which is -1.5% from the mid-rate.
Among the banks the Lloyds Bank rate is 4.6229 at -8.1% the Royal Bank of Scotland rate is 4.6531 at -7.5% and the Barclays Bank rate is 4.699 at -6.6% compared to the mid-rate 5.0326.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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