--- title: "UAE Bank Exchange Rates Today: FAB, Emirates NBD, Dubai Islamic Bank, ADIB and Bank of Sharjah Compared" description: "The buy and sell rates five UAE banks display for USD, EUR, GBP and INR, side by side with the official Central Bank of the UAE rate. How wide the spreads are, what a EUR 10,000 payment costs at each bank, why the bank rate is not the rate for your VAT invoice, and how to read every board as JSON." canonical: https://allratestoday.com/blog/uae-bank-exchange-rates-today-fab-emirates-nbd-dib-compared/ source: AllRatesToday (https://allratestoday.com/) — Markdown mirror of the page above; index of all pages at https://allratestoday.com/llms.txt generated: 2026-11-10T16:14:50.376Z --- Every UAE bank displays a board of foreign exchange rates, and no two boards agree. For a business paying a supplier in euros or a resident sending money home, the spread between a bank's buy and sell rate is the cost of the transaction. This comparison takes the rates displayed by five banks on **10 November 2026** (captured around 5:15pm UAE time) and sets them against the official Central Bank of the UAE (CBUAE) table. **Indicative rates.** These are the retail rates each bank showed on its own website at capture time. Banks change them through the day and may apply different rates in branch, in the app or for large amounts. They are not official or reference rates. ## US dollar: the peg in practice The dirham is pegged at 3.6725 to the dollar, and that is the CBUAE rate every day. Banks quote around it. "Buy" is what the bank pays you per dollar; "sell" is what you pay the bank. | Bank | Buys USD at | Sells USD at | Spread | | --- | --- | --- | --- | | First Abu Dhabi Bank | 3.6530 | 3.6930 | 1.1% | | Emirates NBD | 3.6530 | 3.6870 | 0.9% | | Bank of Sharjah | 3.6500 | 3.6900 | 1.1% | | Abu Dhabi Islamic Bank | 3.6180 | 3.7215 | 2.8% | | Dubai Islamic Bank | 3.6000 | 3.7460 | 4.0% | | **CBUAE official rate** | 3.6725 | | | Even on a pegged currency the boards differ by a factor of four: from under 1% between buy and sell at Emirates NBD to about 4% at Dubai Islamic Bank. ## Euro and sterling | Bank | EUR buy | EUR sell | EUR spread | GBP buy | GBP sell | GBP spread | | --- | --- | --- | --- | --- | --- | --- | | First Abu Dhabi Bank | 3.9595 | 4.2809 | 7.8% | 4.7584 | 5.1036 | 7.0% | | Emirates NBD | 3.9759 | 4.2597 | 6.9% | 4.7861 | 5.0946 | 6.2% | | Bank of Sharjah | 3.9978 | 4.2450 | 6.0% | 4.7908 | 5.0871 | 6.0% | | Abu Dhabi Islamic Bank | 3.9456 | 4.3728 | 10.3% | 4.7265 | 5.1600 | 8.8% | | Dubai Islamic Bank | 3.9154 | 4.3275 | 10.0% | 4.6921 | 5.1860 | 10.0% | | **CBUAE official rate (9 Nov)** | 4.112542 | 4.927546 | | | | | Board spreads on the euro run from 6% to over 10%. These are counter-style rates for small tickets; a business with a treasury relationship will be quoted far tighter. The table is still a fair guide to which boards are wide and which are narrow. ## What a EUR 10,000 supplier payment costs Buying EUR 10,000 at each bank's displayed sell rate, compared with the same amount at the official CBUAE mid rate (AED 41,125): | Bank | AED cost at board rate | Above the official rate | | --- | --- | --- | | Bank of Sharjah | 42,450 | +1,325 | | Emirates NBD | 42,597 | +1,471 | | First Abu Dhabi Bank | 42,809 | +1,683 | | Dubai Islamic Bank | 43,275 | +2,150 | | Abu Dhabi Islamic Bank | 43,728 | +2,603 | The gap between the cheapest and dearest board is about AED 1,300 on one payment. Ask for a quoted rate before sending anything sizeable. ## Indian rupee For remittances the quote that matters is the bank's INR sell rate: how many dirhams you pay per rupee. Inverted, it is the rupees you get per dirham. | Bank | INR buy (AED) | INR sell (AED) | Rupees per dirham when you send | | --- | --- | --- | --- | | First Abu Dhabi Bank | 0.03792 | 0.04028 | 24.82 | | Emirates NBD | 0.03821 | 0.03941 | 25.37 | | Bank of Sharjah | 0.03790 | 0.04030 | 24.81 | | Dubai Islamic Bank | 0.03880 | 0.03970 | 25.19 | | **CBUAE official rate (9 Nov)** | 0.039097 | 25.58 | | Abu Dhabi Islamic Bank's board did not show a rupee rate at capture time. Exchange houses and remittance apps often beat bank boards on this corridor, so treat these as the bank benchmark, not the market best. ## The bank rate is not your VAT or tax rate This is the point finance teams most often get wrong. The rate your bank applied to a payment decides the dirhams that moved. It does not decide the dirham value on a tax invoice or in the corporate tax return: - **VAT invoices** in foreign currency are converted at the exchange rate approved by the Central Bank at the date of supply (Article 69 of the VAT Decree-Law). See [the Article 69 guide](https://allratestoday.com/blog/uae-vat-invoice-exchange-rate-article-69/). - **Corporate tax** amounts are converted at Central Bank of the UAE rates under [FTA Decision No. 13 of 2023](https://allratestoday.com/blog/uae-corporate-tax-exchange-rate-fta-decision-13/). - The difference between the invoice value at the Central Bank rate and the dirhams the bank actually credited or debited is an FX gain or loss. ## Reading the boards as JSON Each board is available as structured data, with the bank's own time stamp where it shows one and the official rate alongside for comparison: ``` curl "https://allratestoday.com/api/open/bank-rates/ae/enbd?ccy=EUR" # "name": "Emirates NBD", "bank_updated_at": "11/10/2026 5:10:44 PM", # "buy": 3.97593, "sell": 4.25966, "mid": 4.117795, "basis": "Counter board" ``` Bank codes: `fab`, `enbd`, `dib`, `adib`, `bos`. The official table is at `/api/open/central-bank/cbuae`. A treasury dashboard that plots the two against each other shows at a glance what the bank is charging over the reference. Board pages for each bank are under [UAE commercial bank rates](https://allratestoday.com/bank-exchange-rate-api/ae/). ## FAQ ### Which UAE bank has the best exchange rate? It changes by currency and by day. On the boards captured on 10 November 2026, Bank of Sharjah and Emirates NBD showed the narrowest euro spreads and Emirates NBD the narrowest dollar spread, while the two Islamic banks showed the widest. Always ask for a quoted rate on larger amounts. ### Why is the bank's USD rate not exactly 3.6725? 3.6725 is the peg and the Central Bank of the UAE rate. Banks buy dollars a little below it and sell a little above it; the difference is their margin. ### Can I use my bank's exchange rate on a UAE tax invoice? No. Article 69 of the VAT Decree-Law requires the exchange rate approved by the Central Bank at the date of supply. The bank's rate determines the cash received, and the difference is an FX gain or loss. ### Are these the rates I will get in the bank's app? Not necessarily. They are the rates each bank displayed on its website at capture time. Banks may apply different rates by channel, customer segment and amount. ### How often do UAE bank boards change? Banks update through the business day. Some show a last-updated time on the page, which is passed through in the data; others show none. ## Bank boards and the official rate in one feed Five UAE bank boards and the official Central Bank of the UAE table as JSON for treasury and finance tools. Dated tables and history on paid plans. [See plans](https://allratestoday.com/pricing/) ## Related Articles - [UAE commercial bank exchange rates as JSON](https://allratestoday.com/bank-exchange-rate-api/ae/) - [Central Bank of the UAE exchange rates today: official AED table and endpoints](https://allratestoday.com/central-bank-rates-api/cbuae/) - [UAE VAT invoices in foreign currency: the Article 69 exchange rate](https://allratestoday.com/blog/uae-vat-invoice-exchange-rate-article-69/) - [UAE corporate tax: currency conversion under FTA Decision No. 13 of 2023](https://allratestoday.com/blog/uae-corporate-tax-exchange-rate-fta-decision-13/) - [Exchange rates as at 31 December 2025: CBUAE closing rates](https://allratestoday.com/blog/exchange-rate-31-december-2025-uae-cbuae-closing-rates/) - [CBUAE exchange rate history: download as CSV, Excel or API](https://allratestoday.com/blog/cbuae-exchange-rate-history-download/) - [Central Bank of the UAE exchange rate API: official AED rates as JSON](https://allratestoday.com/blog/cbuae-exchange-rate-api/)