The Emirati Dirham (AED) is pegged to the American Dollar (USD) at a rate of 3.67302 AED per USD. This rate is permanent and shouldn’t change anytime soon.
If you are concerned by the prospect of future fluctuations in exchange rates, it would be helpful for you the study the USD. Studying the USD, its history, and the factors which currently affect it will make you better able to understand the Dirham’s fluctuations.
The fastest way to send money to the United Arab Emirates is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Emirati destination in a matter of minutes. The fast option is also quite affordable and costs less than most of their slower competition. The main drawback to Ria Money Transfer is that some users complain of hassles and a platform which isn’t the easiest to use. When it comes to their fast option, you can be sure you’re getting a good deal when it comes to both speed and cost.
The cheapest way to send money to the United Arab Emirates is through OFX. With OFX, you only pay a small percentage of each transaction. There are no upfront fees and the service is undoubtedly the cheapest on the market. Furthermore, it typically only takes a day or two for your money to reach its destination.
The main drawback to OFX is that it carries a minimum transfer size requirement which is significantly higher than any of the competition. Despite this, their rates cannot be beaten, particularly when you send more money at once. The more money you send through OFX in a single transfer, the cheaper the transfer becomes.
If the minimum transfer size isn’t agreeable, you can get similarly cheap rates from TransferWise.
The easiest way to send money to the United Arab Emirates is through TransferWise. TransferWise makes sending money to the United Arab Emirates exceptionally easy. After you set up your account, all you need to do is follow these simple steps:
1) Tap in the amount of money to be sent
2) Tap in the destination
3) Pay TransferWise for the transaction.
4) Wait one or two days for the funds to arrive at the destination
The overall best way to send money to the United Arab Emirates is through OFX. There are several reasons for this, as OFX offers you the best-rounded option. Their wait times are short and their platforms are easy to use, making OFX good at everything it needs to be good at. When it comes to the rates you’re paying, if you send a large amount of money at once, you can be sure you are getting the best rates by a large margin. It should only take a day or two for the money to reach your Emirati destination.
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com