Dubai, a global trading hub and a popular tourist destination places significant importance on currency exchange within its economy. With various companies from around the world operating in the region, currency exchange plays a crucial role in facilitating international transactions. Moreover, it is essential for Dubai’s tourism industry, with millions of visitors arriving each year who need to convert their currencies to Dirhams for local transactions.
To serve the diverse needs of the public, numerous currency exchange companies are available in Dubai, offering competitive exchange rates and a wide range of currencies for locals and tourists. The currency of Dubai is the United Arab Emirates Dirham (AED), which is pegged to the US dollar at 3.6725. As a result, the exchange rate between the AED and other currencies, such as the Euro or British Pound, remains stable.
- Al Ansari Exchange
Al Ansari Exchange is a highly reputed currency exchange company in Dubai, boasting a vast network of over 200 branches worldwide. Initially established as a trading business in 1966, the company has expanded its offerings to cater to the foreign exchange and remittance requirements of its customers and partners. Over the years, Al Ansari Exchange has transformed into a comprehensive financial services provider, incorporating a range of digital services like the Al Ansari Exchange mobile app, which facilitates roughly 14% of all transactions. The company has been consistently expanding its outward remittance services through its vast network, with an impressive average of 120,000 daily transactions.
Al Ansari Exchange is a one-stop solution for a variety of services, such as foreign currency exchange, international money transfers, bill payments, mobile phone top-ups, and credit card payments. The company has gained widespread recognition for its dependable and efficient service, competitive exchange rates, and convenient mobile app that enables customers to execute transactions at their convenience. Additionally, Al Ansari Exchange has won several accolades for its exceptional customer service and unwavering commitment to quality.
- Al Fardan Exchange
Al Fardan Exchange, a trusted currency exchange service from Al Fardan Group, is widely known for its safety and reliability. Established in 1971, the company has expanded its offerings to include real estate, high-end jewelry, and a host of financial services. Al Fardan Exchange has played an instrumental role in supporting communities in the UAE and beyond. Its success has led to the opening of over 70 branches across the United Arab Emirates and established partnerships with more than 150 global corresponding banks and financial institutions, assuring secure transactions based on trust and reliability.
Al Fardan Exchange offers an array of financial services, including money transfer, foreign exchange, value-added services, prepaid cards, WPS, and payroll services. They have introduced AlfaClub, a customer rewards program that enables customers to avail of exclusive offers and discounts from Al Fardan and other partner companies across diverse categories like dining, shopping, wellness, and more. With its unwavering focus on customer satisfaction, Al Fardan Exchange has built a reputation for providing exceptional services that cater to the diverse needs of its customers.
- Al Rostamani International Exchange
Al Rostamani International Exchange (ARIE) is a highly reputable exchange firm in Dubai, renowned for its comprehensive range of products and services catering to the needs of both individuals and corporate clients. These include money/currency exchange and fund transfers. With over 31 branches located throughout the UAE, the company is committed to providing easy access and the most competitive currency exchange rates to its customers.
Al Rostamani International Exchange specializes in WPS for small and large organizations, adding to its appeal as a reliable and trustworthy financial service provider. The company offers a wide range of financial services, including currency exchange, retail remittance, commercial foreign exchange, wholesale currency, payroll solutions, and value-added services. Their retail, corporate, and digital services cater to the diverse needs of their clients.
Al Rostamani Exchange is dedicated to providing exceptional customer service and competitive exchange rates, fostering customer loyalty. The company’s commitment to providing reliable and excellent services have earned it a reputation as a trusted financial service provider.
- GCC Exchange
Headquartered in the UAE, GCC Exchange is a leading exchange house with branches across the globe, including the United Kingdom, Hong Kong, Seychelles, Fiji, and Singapore. With a focus on reliability and trust, the company has opened eight additional branches in the UAE, providing customers with quality services, safe and simple procedures, and friendly and efficient staff. GCC Exchange has become a trusted partner for customers in the remittance business, providing low service charges and unmatched exchange rates, making it easy for customers to send money to their loved ones.
GCC Exchange offers a range of financial services, including retail and corporate services, web transfers, and payroll solutions. Their retail and corporate services include Telex transfer, electronic transfer, and demand draft. In addition, they have launched a loyalty program called Green Card, offering special offers and discounts through a wide network of participating outlets to their loyal customers. Recently, they introduced a new Web TT Service, allowing customers to transfer money directly into desired accounts from anywhere.
- Sharaf Exchange
Sharaf Exchange LLC, a subsidiary of the Sharaf Group established in 1996, offers a comprehensive range of money exchange and transfer solutions to individuals and businesses. With a decade of experience in the industry, the company strives for business growth by providing top-notch service and competitive pricing to its customers. Sharaf Exchange has branches located in prominent streets, malls, and airports, providing customers with a variety of options for currency exchange and remittances at competitive rates. With a team comprising more than 15 nationalities, Sharaf Exchange provides customer-centric services that cater to the diverse cultural needs of its clientele.
Sharaf Exchange’s reliable services include retail and corporate services such as currency exchange, remittance, money exchange, paycheck, and corporate remittances, as well as various ancillary services. The company is affiliated with leading banks and money-transfer companies to expand its remittance reach. Moreover, Sharaf Exchange follows strict compliance mechanisms to adhere to all statutory guidelines for the benefit of its customers and associates.
The Usrati program is designed for Sharaf Exchange’s loyal customers. Enrollees can benefit from free emergency flight tickets, free and discounted transactions, and over 400 exclusive discounts at stores across the UAE.
Also Read: A Guide to the Largest Gurudwara in Dubai
The views published in this article are those of the author and have been written through research and this article is subject to copyright laws. Any copying, reproducing, or publishing any matter subject to this article without the consent of the original author would be liable to persecution under the laws of the land.