COMMERCIAL BANK OF DUBAI POUND & EURO to DIRHAM EXCHANGE RATES
| COMMERCIAL BANK OF DUBAI | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to AED | NO MINIMUM | 5/7 DAYS | 2.0% | 4.444 |  |
| EUR € - to AED | NO MINIMUM | 5/7 DAYS | 2.0% | 3.906 | |
| BROKER RATES | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
| GBP £ - to AED | From £100 | From 1 DAY | From 0.7% | 4.503 |  |
| EUR € - to AED | From £100 | From 1 DAY | From 0.7% | 3.958 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
COMMERCIAL BANK OF DUBAI – RECOMMENDED CURRENCY TRANSFER SERVICES
| BROKER RATES: GBP/AED | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATE: GBP/AED | MORE DETAILS |
|---|---|---|---|---|---|
| CURRENCIES DIRECT | £100 | 1 DAY | 0.7 to 1.0% | 4.49 to 4.503 |  |
| TORFX | £250 | 1 DAY | 0.7% | 4.499 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Question: How many UAE dirhams will I receive for my currency transfer, after Commercial Bank of Dubai charges?
Answer: Using Commercial Bank of Dubai services, the exchange rates shown are typical. All banks have individual rates and commission structures for international currency transfers. Find the latest exchange rates for an overseas bank using our Bank Rate Comparison below:
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Commercial Bank of Dubai International Money Transfers
Save on the exchange rate conversion when transferring money or making regular payments overseas from your Commercial Bank of Dubai account in AED, GBP, EURO, USD and other currencies. Commercial Bank of Dubai international money transfers to or from the UAE have higher transaction charges, due to a less competitive exchange rate offered by the Commercial Bank of Dubai. Skip to: UAE Money Transfer Specialists
Typically, sending funds to or from your Commercial Bank of Dubai account in UAE dirham to a UK pound, euro or US dollar overseas bank account will involve a margin rate of 2.0% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Currency Transfer Alternatives – Commercial Bank of Dubai
Sending foreign currency to or from your Commercial Bank of Dubai account in the UAE needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 100,000 UAE dirham (AED) using Commercial Bank of Dubai services would have a transaction exchange rate margin of around 2.0% – or 2,000 AED. Using a specialist broker, in this example Currencies Direct – the exchange rate margin would work out at between 0.7 to 1.0% – or only 700 to 1,000 AED in total, which is a large saving over the bank service.
Commercial Bank of Dubai – Other Useful Information
International money transfers from the Commercial Bank of Dubai could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Commercial Bank of Dubai account holder to use their services. Commercial Bank of Dubai may charge a commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000 or 20,000 UAE dirham.
Unless you pay a premium, Commercial Bank of Dubai’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Commercial Bank of Dubai, UAE – About
Commercial Bank of Dubai (CBD) was created in 1969 and is a banking and financial services company, operating 26 branches in the UAE. Incorporated in Dubai, CBD is registered as a Public Shareholding Company (PSC) and is listed on the Dubai Financial Market and is fully owned by UAE nationals, including 20% by the Government of Dubai.
Commercial Bank of Dubai – Head Office Address
Commercial Bank of Dubai (CBD) – Al Ittihad Street, PO Box 2668, Dubai, United Arab Emirates
TRANSFER PROMOTIONS
