United Arab Emirates to Yemen money transfers compared

A better exchange rate means more UAE Dirham being sent to Yemen. This exchange rate determines the price you will pay when buying Yemeni Rial.

Currently the mid-market rate between UAE Dirham and Yemeni Rial is 68.0243. Getting the best deal on an exchange rate is with CurrencyFair.

The AED-YER exchange rates always changing. Understanding the average, and then waiting a day or two can help you get more YER for the same amount of UAE Dirham - but time it wrong and you might get a worse deal.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between the United Arab Emirates and Yemen.

A Bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from the United Arab Emirates to Yemen at this moment.

CurrencyFair is the transfer company offering the best price on sending via Bank transfer.

Sending to Yemen from the United Arab Emirates with a Bank transfer is 0% cheaper than the second-best option in the market.

the United Arab Emirates and Yemen have different financial regulators and ensuring you fully understand how these work will aid in keeping your money safe.

We’ve put together a directory of worldwide financial regulators which contains details on regulation for money transfers between the United Arab Emirates and Yemen.

Transfer limits to the United Arab Emirates and Yemen will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different AED-YER transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to Yemen, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of AED to Yemen we'd recommend using CurrencyFair. They offer a combination of rates and fees when sending from the United Arab Emirates to Yemen that is the most competitive.

There are different ways to receive money in Yemen.

The most popular ways are direct bank deposit into Yemeni Rial, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers offering money transfers between the United Arab Emirates and Yemen will offer every method for incoming Yemeni Rial.

Understanding where the money will eventually go after its left the United Arab Emirates and entered Yemen could impact the provider you use.

The most common (and generally easiest) way to send money from the United Arab Emirates to Yemen is directly into a bank account. CurrencyFair is the best company for sending money from the United Arab Emirates to a bank account in Yemen.

And if you need cash right away, check if cash pickup is an option for transfers between United Arab Emirates and Yemen.

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending Yemeni Rials to Yemen, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in the United Arab Emirates ID can be verified through a government issued ID such as a passport or driver's license.

In Yemen, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between the United Arab Emirates and Yemen, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

CurrencyFair is one of our recommended providers for transfers to Yemen from the United Arab Emirates due to the ease of sign up and ID verification.

When sending money between United Arab Emirates and Yemen there will be tax declarations to consider.

Some transfers into Yemeni Rial may need to be reported to tax authorities in Yemen, particularly where inheritance or property purchases are involved (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in Yemen.

When in doubt, please contact a tax professional in the United Arab Emirates or Yemen to discuss the personal circumstances of the transfer. This ensures you are not missing any specific tax declarations associated with your circumstances.