Currency Exchange in Dubai: Guide for Indians

From Rupees to Dirham: A Guide to Dubai’s Currency Rate

Are you excited about your upcoming trip to Dubai? As an international traveller, one of the most crucial aspects to consider is managing your finances abroad. Understanding the Dubai-India currency rate and knowing the best places to exchange your money can save you time, effort, and unnecessary expenses.

In this guide, we will provide you with valuable information on Dubai’s currency rate, Dubai’s currency exchange places, and essential tips to navigate through the financial landscape of this vibrant city.

The Official Currency of Dubai: United Arab Emirates Dirham (AED)

When you land in Dubai, you will need to acquaint yourself with the local currency - the United Arab Emirates Dirham (AED). The Dirham is denoted by the symbols AED, Dh, or Dhs. Similar to the Indian Rupee, the Dirham is divided into 100 fils. Understanding the exchange rate between your home currency and AED is crucial for effective financial planning during your trip.

It’s essential to stay updated on the current exchange rate between AED and INR before your trip. As of November 2023, 1 AED is roughly around 22-23 INR.

How to Convert INR to Dirhams Using a Currency Converter

Converting Indian Rupees (INR) to Dirhams (AED) can be done easily using a currency converter tool. There are multiple free currency converters online that provide accurate and up-to-date exchange rates. follow these steps:

• Select AED as the currency you want to convert.
• Enter the amount you wish to convert in INR.
• The currency converter will display the converted value in AED along with the current exchange rate.

Using a currency converter tool can save you time and ensure that you have an accurate understanding of how much your money is worth in Dirhams.

Carrying Currency from India or Exchanging INR for AED in Dubai

While planning your trip from India to Dubai, you might wonder if it’s better to carry AED or convert INR for AED upon arrival. It is advisable to convert your Indian Rupees into Dirhams in India before your trip. This way, you can avoid unnecessary transaction fees and unfavourable exchange rates that may be charged for converting currencies twice.

In the era of smart travel, the Niyo app’s Travel Mode’ emerges as a game-changer, redefining the way we handle finances on the go. From efficient currency exchange to intelligent expense tracking, the app’s features are crafted to cater to the needs of modern travellers. From booking flights and purchasing travel insurance to obtaining local forex cash (delivered straight to your doorstep!) and applying for visas, Niyo app’s ‘Travel Mode’ has got you covered. With its seamless interface, extensive features, and valuable partnerships, Niyo empowers international travellers to have a worry-free financial journey.

Best Places for Currency Exchange in Dubai

Finding the best places for currency exchange in Dubai is essential to ensure that you get the most favourable rates for your money. Here are five reputable places where you can exchange your INR for Dirhams:

1. Al Fardan Exchange
2. UAE Exchange
3. Al Rostamani International Exchange
4. Western Union
5. Al Ansari Exchange

Remember to compare rates at these places before exchanging your currency to ensure you get the best deal. Importantly, avoid exchanging money at airports as they often charge higher rates.

Using ATMs and Credit Cards in Dubai

ATMs are a convenient way to withdraw cash while travelling in Dubai. They can provide you with Dirhams at competitive rates, and you can find ATMs at various locations such as malls, metro stations, and airports. Here are some essential tips for using ATMs and credit cards in Dubai:

• Inform your bank about your travel plans to prevent any unnecessary blocks on your card.
• Check if your card is authorised for international transactions, especially in the UAE.
• Be aware of foreign currency conversion fees charged by your card provider per transaction.
• Withdraw larger amounts less frequently to minimise transaction fees.

When using credit cards, be cautious about overspending and keep track of your expenses. Always opt to pay in local currency (AED) rather than your home currency to avoid unfavourable exchange rates.

Tips for Managing Your Finances in Dubai

To make the most of your financial transactions in Dubai, here are a few additional tips:

• Carry a mix of cash and cards for flexibility.
• Keep small denominations of Dirhams for convenience.
• Use digital wallets for quick and secure payments.
• Keep track of your expenses using budgeting apps or the Niyo app, which offers features to manage and reload your Niyo card instantly.
• Take advantage of the Niyo Card with zero forex markup and various travel-related services available on the Niyo app, such as flight bookings, insurance purchases, visa processing fee payments, and more.

Key Takeaways

It is essential to familiarise yourself with the currency exchange rate between INR and AED before your trip to Dubai.

Stay updated on the AED to INR exchange rate to make informed financial decisions during your trip. Convert your INR to AED before arriving in Dubai to avoid unnecessary fees. Choose reliable currency exchange providers for the best rates. Use ATMs and credit cards strategically, keeping transaction fees and exchange rates in mind.

Leverage Niyo’s offerings like the Niyo Card with zero forex charges and the Niyo app for seamless financial management during your trip.