Best Currency Brokers & Apps for Large Money Transfers

Transferring money from the United Arab Emirates (UAE) to the UK and US is relatively straightforward, thanks to the country’s strong financial infrastructure and international banking networks. However, it is essential to understand the regulatory framework, fund protection measures, and the best currency transfer providers for large money transfers. This guide covers the key aspects of currency transfers, who regulates them, and the most reliable services for transferring funds internationally.

Compare AED Exchange Rates

Currency transfers from the UAE to the UK and US are well-regulated and generally safe, provided that you use a licensed service provider. The CBUAE, DFSA, and ADGM oversee transactions to ensure compliance with financial laws. Whether using banks, money transfer apps, or currency brokers, selecting a trusted provider can help minimize fees and secure favourable exchange rates.

Please note: The rates displayed in this currency conversion quote tool are supplied to us directly from the currency brokers as a percentage mark-up. Please ensure you read our guide to getting the best exchange rates guide.

Best AED Exchange Rates (LIVE)

The best AED exchange rates are the mid-price between the buy and sell prices that banks trade currency. These are known as the inter-bank bid-offer rates:

• The best AED to Australian Dollar (AUD) exchange rate is: 0.4147032
• The best AED to Canadian Dollar (CAD) exchange rate is: 0.3729748
• The best AED to European Union Euro (EUR) exchange rate is: 0.2316907
• The best AED to Japanese Yen (JPY) exchange rate is: 40.18108
• The best AED to New Zealand Dollar (NZD) exchange rate is: 0.4523159
• The best AED to Norwegian Krone (NOK) exchange rate is: 2.766387
• The best AED to Swedish Krona (SEK) exchange rate is: 2.593662
• The best AED to Swiss Franc (CHF) exchange rate is: 0.2166109
• The best AED to United States Dollar (USD) exchange rate is: 0.272294078

Is It Hard to Transfer Money from the UAE to the UK and US?

No, transferring money from the UAE to the UK and US is not difficult, provided that you use a regulated and reputable service. The UAE has a well-established banking sector with numerous financial institutions offering international money transfers. Most transfers can be completed through:

• Banks: Traditional banking wire transfers with SWIFT.
• Money Transfer Services: Digital payment platforms and remittance providers.
• Currency Brokers: Specialized firms offering competitive exchange rates and lower fees for large transfers.

The ease of transfer depends on the method used, transaction size, and compliance with UAE regulations.

Who Regulates Currency Transfers in the UAE?

International money transfers in the UAE are regulated to prevent financial crimes such as money laundering and fraud. The main regulatory bodies include:

1. Central Bank of the UAE (CBUAE): Oversees financial institutions, ensuring compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
2. Financial Intelligence Unit (FIU): Monitors suspicious transactions and ensures compliance with global financial regulations.
3. Dubai Financial Services Authority (DFSA): Regulates financial service providers in the Dubai International Financial Centre (DIFC).
4. Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority: Governs financial transactions within Abu Dhabi’s financial free zone.

These regulatory bodies ensure that all money transfer services operating in the UAE adhere to international financial laws, safeguarding transactions and customer funds.

Are Funds Protected When Transferring Money?

Yes, funds are generally protected when using regulated money transfer services. Protections include:

• Regulated Providers: Banks and financial institutions must adhere to strict security and compliance measures.
• Segregated Client Accounts: Many currency brokers keep client funds separate from company operating funds.
• SWIFT Network: Most bank wire transfers use SWIFT, providing secure, traceable transactions.
• Fraud Prevention Measures: AML and KYC (Know Your Customer) policies help prevent financial fraud.

For additional safety, always use a licensed financial provider and verify their credentials before transferring large amounts.