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Check out our United Arab Emirates Dirham exchange rates

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Currently we are only accepting payments in Pounds Sterling from UK residents.

History of the United Arab Emirates Dirham

The United Arab Emirates dirham, or AED, was established as the official currency of the UAE in 1971 after a short span of monetary changes in the country. Until 1966, the country used the Bahraini Dinar as the official currency, but that was then changed to the Qatar-Dubai Riyal. From 1973 to 1982, the UAE Currency Board was responsible for issuing the money, but that then became the job of the UAE Central Bank. The name "dirham" comes from the Greek word Drachmae, which is one of the most widely used currencies in the history of the monetary system. The coins used in this currency are valued at 1, 5, 10, 25, and 50 fils, and there is also a 1 dirham coin in circulation. There is a problem with fraud in the country as the coins used are identical in size, shape, and weight to those of many other countries.

Historical British Pound Sterling to United Arab Emirates Dirham Conversion Rates

The United Arab Emirates dirham has not seen as much variation in value as one may think, as it has mainly held its worth in conjunction to the US dollar. By pegging USD, conversion rates for the AED have only dropped when the US dollar was not favoring well. The currency has been valued at less than a quarter of a British pound, and although there have been fluctuations in the past and at present, overall the value stays between .1 GBP to AED and .2 GBP to AED. Numbers have shown an increasing trend overall, indicating a positive movement for the country. This simply reflects the stability of the US dollar as the dirham responds to the dollar at all times.

Convert GBP to AED - Recent Currency Exchange Rates

Over the last several years, the United Arab Emirates dirham has experienced a surprising fluctuation in currency exchange rates. In the years right prior to 2003, rates remained around .105 GBP to AED. Then from 2003 to 2005, rates jumped to .15 GBP to AED and stayed there for a year or so. 2007 produced a particularly significant oddity, with rates going from .22 GBP to AED at the beginning of the year to .103 GBP to AED in November. The year 2008 showed to be the same in reverse as numbers jumped back up to .183 GBP to AED. This makes it somewhat hard to predict the future values of the currency, but rates are expected to fluctuate between .1 and .2 GBP to AED, depending on the economic status of the country at the time.

Today's United Arab Emirates Dirham exchange rates

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Currently we are only accepting payments in Pounds Sterling from UK residents.