Ruth Haines
Dubai International Airport (DXB) offers currency exchange services, with booths available to convert your money. While exchange rates at the airport are generally poorer than in the city, it is still possible to exchange PKR to AED and use AED to buy USD. You can also exchange money at hotels, malls, and public markets, which may offer better rates.
| Characteristics | Values |
|---|---|
| Currency exchange availability | Yes, currency exchange is available at Dubai International Airport (DXB) |
| Currency options | Over 60 currencies, including AED, USD, PKR, and ARS |
| Exchange rate | Generally poor compared to money exchange in the city, but better than in banks |
| Additional fees | AED 10 fee to exchange money at Dubai Airport, compared to AED 2 fee elsewhere |
| Alternative options | Licensed money exchange centres in malls and public markets, ATMs in Argentina |
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What You'll Learn
Currency exchange booths at DXB airport
Currency exchange booths, also known as "forex" bureaus, are available at Dubai International Airport (DXB). These booths are located throughout the arrivals and departures terminals, and they offer a straightforward way to convert your currency to the local currency, the United Arab Emirates Dirham (AED).
The forex booths at DXB are open 24/7 and offer slightly better exchange rates than in the UK. However, it is recommended to only exchange a small amount of money at the airport for immediate needs, such as taxis or airport purchases. For larger sums, ATMs or prepaid travel cards may offer better exchange rates and lower fees.
It is important to compare rates between different currency exchange offices before finalising your transaction, as rates may vary slightly. Some currency exchange offices might also charge commission fees on top of the exchange rate, so be sure to inquire about any applicable fees beforehand.
Additionally, you can use your debit or credit card at the airport's ATMs to withdraw AED directly from your bank account. However, be aware of potential fees charged by both your bank and the ATM operator. If you plan to use your debit card for purchases in Dubai, check with your bank about any foreign transaction fees that may apply.
Prepaid travel cards are another option to consider. You can load these cards with funds in your home currency and then use them for transactions in Dubai. However, prepaid travel cards may have associated loading and transaction fees, and they might not be accepted by all merchants.
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Unfavourable exchange rates at the airport
Currency exchange shops and kiosks in airports are not the best places to exchange money. Airport currency exchanges are known to charge higher rates than the current International Monetary Fund (IMF) exchange rate. For example, NerdWallet found that airport exchanges charged 14% more than the IMF rate, with some premiums exceeding 17%. They also charge additional fees on top of the poor exchange rate.
This is because airport currency exchange shops know that travellers may need local currency to get from the airport to their destination, so they make large profits by offering an unfavourable exchange rate. Travellers who have just got off a plane may need money right away and are therefore willing to accept a poor exchange rate.
To avoid these unfavourable exchange rates, it is recommended that you exchange your currency in advance before arriving at the airport. You can do this at a local bank or by ordering your desired currency from your bank in advance. Many banks allow you to order foreign currencies, which you can typically pick up at a local branch before your trip. Some banks even offer to ship the currency to you. Alternatively, you can use an ATM at the airport to withdraw your desired currency, although you should be aware of any ATM fees that may apply.
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Exchange money in your country of departure
When travelling to a new country, it is always a good idea to have some local currency on hand. This is especially true when travelling to Dubai, as you will need cash for taxis and other immediate expenses. While you can exchange money at Dubai International Airport (DXB), the exchange rate is often poor compared to money exchange services in the city. Therefore, it is advisable to exchange your money before you arrive in Dubai, if possible.
Licensed money exchange centres can be found at airports, malls, and public markets in the UAE. However, you may find that the exchange rate is more favourable at exchange houses in the malls than at the airport. Additionally, some malls may be out of your way, so consider any travel costs when deciding where to exchange your money.
If you are unable to exchange your money before arriving in Dubai, you can still do so at the airport. Dubai International Airport (DXB) offers currency exchange services, and you will likely get a better rate there than in your home country. However, be prepared to pay a fee for the exchange, as airport exchanges can be costly.
It is worth noting that some currencies may not be readily exchangeable at the airport. For example, while you can exchange Pakistani rupees (PKR) to Emirati dirhams (AED) or use AED to buy US dollars (USD), exchanging Argentine pesos may be more difficult. In such cases, it may be better to carry a widely accepted currency, such as USD, and then exchange it for your desired currency upon arrival in your destination country.
Remember to plan ahead and research the currency exchange rates and options in your country of departure to make the most of your money during your travels.
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Exchange houses in malls offer better rates
Currency exchange rates at the airport are often very unfavourable and can result in significant financial loss. Exchange houses in malls, on the other hand, offer better rates. This is because online platforms like Wise (formerly TransferWise), OFX, and Revolut, which are also available in physical stores, usually provide better rates and lower fees than banks or airport kiosks. For instance, prepaid currency cards offered by Revolut can help travellers avoid foreign transaction fees and get better rates.
Moreover, currency exchange offices in urban centres, especially financial hubs like New York City, Chicago, or Los Angeles, tend to offer more competitive rates than airport or tourist-focused exchange services. In some countries, local payment apps may offer more favourable rates than international exchanges. For example, in Asia, apps like Alipay or GrabPay provide competitive rates and seamless payments when connected to foreign cards.
ATMs can also offer competitive exchange rates since they often align with interbank rates. However, it is important to use low-fee or no-fee cards when withdrawing cash from ATMs abroad. Cards from certain banks, such as Charles Schwab or Capital One, can be great options for frequent travellers as they reimburse ATM fees or have no foreign transaction fees.
Therefore, while it is possible to convert money at DXB Airport, exchange houses in malls will likely provide you with better rates and help you avoid financial losses.
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Money exchange centres in the UAE
While there are many reliable money exchange centres in the UAE, here is a list of some of the top centres:
Al Rostamani International Exchange (ARIE)
Backed by the Al Rostamani Group, Al Rostamani International Exchange has multiple branches across the UAE and is considered one of the best money exchange centres in the country. They deal in all major international currencies and are known for offering competitive exchange rates.
Al Ansari Exchange
Al Ansari Exchange is one of the oldest and most established money exchange companies in the UAE, with a strong presence in Abu Dhabi and over 50 branches across the city. They also operate in Dubai, Sharjah, and other Emirates, offering convenient services and competitive exchange rates.
Travelex
Travelex is a well-known money exchange company with stores in the UAE, including Dubai International Airport, Abu Dhabi Airport, and Sharjah Airport. They offer currency exchange services and tax-free shopping refunds in cash.
GCC Exchange
GCC Exchange is one of the top three exchange houses in the UAE, trusted with the Wage Protection System (WPS). They have a wide network of branches across the UAE and offer competitive rates and zero charges for currency exchange.
Delma Exchange
Delma Exchange is another leading currency exchange provider in the UAE, offering currency management and international payment services to businesses and individuals. With a wide network of retail outlets across the UAE, they ensure quick and competitive currency exchange solutions.
While these are some of the top money exchange centres in the UAE, it is always a good idea to research the latest exchange rates and compare multiple centres before making a transaction.
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Frequently asked questions
Yes, Dubai International Airport (DXB) has money-changing facilities.
The exchange rate at the airport is typically poorer than money exchange rates in the city. However, it is still better than the exchange rate in your home country.
You can find better exchange rates at exchange houses in malls rather than at banks or the airport.
You can exchange over 60 currencies at Travelex stores in the airport, including PKR to AED and AED to USD. However, some currencies may be unavailable, such as Argentinian Pesos.
Yes, you can exchange money at any of the licensed money exchange centres in Dubai, which are located at malls and in public markets.
