Dubai's (د.إ) AED to (₦) Naira: Understanding the Naira to Dubai Currency Exchange
- Simon Zaku
- Mar 20
- 4 min read
Updated: Mar 25
Ever wondered how much one UAE Dirham is worth in Naira today?
Exchange Rate: [3/20/2025]: 1 AED = ₦417.10 Nigerian Naira
[3/23/2025]: 1 United Arab Emirates Dirham equals ₦416.53 Nigerian Naira
(Today) 1 United Arab Emirates Dirham equals ₦417.73 Nigerian Naira [03/25/2025]
Growing up in Nigeria, I often heard about Dubai - a city of endless luxury and towering skyscrapers
When I finally visited, the first thing I had to figure out was how to exchange my Naira for Dirhams (AED).
Today, the Naira to AED conversion is vital for Nigerians traveling, trading, or sending money to the UAE.
Let me walk you through everything you need to know about the NGN to AED exchange rate.
A Quick Look at the Nigerian Naira (NGN)
The Nigerian Naira is issued by the Central Bank of Nigeria (CBN).
While it has faced significant inflation over the years, it remains a symbol of our national pride and economic strength.
However, with increasing global trade and travel, Nigerians frequently exchange Naira for foreign currencies like the AED.
What Is the AED?
The United Arab Emirates Dirham (AED) is the official currency of Dubai and the UAE.
It’s pegged to the US Dollar, making it one of the most stable currencies globally.
Abbreviation: AED
Subunit: Fils (1 AED = 100 fils)
Symbol: د.إ
Today’s NGN to AED Conversion
As of now, the exchange rate varies depending on where you’re exchanging:
Exchange Rate: [3/20/2025]: 1 AED = ₦417.10 Nigerian Naira
[3/23/2025]: 1 United Arab Emirates Dirham equals ₦416.53 Nigerian Naira
(Today) 1 United Arab Emirates Dirham equals ₦417.73 Nigerian Naira [03/25/2025]
[03/20/2025] 1 AED to NGN Black Market = ₦424.28
AED to Nigerian Naira Black Market Rate Today: ₦426.42
Online Transfers (e.g., PayPal): Rates may include additional fees.
Year-by-Year Comparison: Dubai's AED to Nigeria's Naira
The exchange rate between the Nigerian Naira (NGN) and the United Arab Emirates Dirham (AED) has experienced significant fluctuations over the years, influenced by various economic and policy changes.
Here's an overview of how the value of the Naira against the Dirham has changed:
2014:
The AED/NGN exchange rate ranged from a low of approximately ₦43.15 on January 10 to a high of about ₦50.60 on December 25, with an average rate around ₦45.00.
2016:
In June 2016, the Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely based on market forces. This led to a significant depreciation of the Naira.
2021:
The AED/NGN exchange rate varied between approximately ₦102.81 on February 25 and ₦112.80 on May 17, with an average rate of about ₦109.09.
2023:
In June 2023, the Naira experienced a sharp decline, falling by 23% in a single day to a rate of ₦600 to US$1, as the Central Bank of Nigeria abandoned its currency peg and allowed the Naira to trade freely. By July 19, 2023, the Naira had further depreciated to a record low of ₦853 to US$1.
2024:
Between February 1 and February 5, 2024, the Naira fell over 50%, from ₦898 to ₦1,400 against the US dollar, before stabilizing around ₦1,600 by July 30, 2024.
Recent Trends (Late 2024 – Early 2025):
The AED/NGN exchange rate reached a high of ₦463.81 per AED on November 22, 2024, and a low of ₦403.96 per AED on February 3, 2025. The average rate over this period was approximately ₦434.22 per AED.
These fluctuations reflect the Naira's volatility against the Dirham, influenced by factors such as changes in oil prices, foreign exchange policies, and broader economic conditions in Nigeria.
How to Convert NGN to AED
1. Banks and Forex Operators: Most Nigerian banks provide AED exchange services, though rates may vary.
2. Black Market: Often offers higher rates but is unregulated.
3. Online Platforms: Apps like Wise, Binance, and Payoneer allow for quick conversions with minimal fees.
Why Nigerians Exchange NGN for AED
1. Travel and Tourism: Dubai remains a top destination for Nigerians, from shopping sprees to tourism adventures.
2. Business and Trade: Many Nigerians import goods from Dubai.
3. Education and Relocation: Nigerians studying or relocating to the UAE require AED for daily expenses.
Tips for Getting the Best NGN to AED Rate
1. Plan Ahead: Exchange money during favorable market conditions.
2. Compare Rates: Check multiple platforms for the best rates.
3. Avoid Airport Exchanges: These often have the worst rates.
What’s the Future for NGN and AED?
The exchange rate depends on economic factors like oil prices, inflation, and trade relations between Nigeria and the UAE.
With the UAE being a major trading partner, the NGN to AED conversion will likely remain significant for Nigerians.
Final Thoughts: What’s Your Experience With AED?
Whether you’re trading, traveling, or sending money, knowing the exchange rate between the Naira and Dirham is crucial.
Do you any stories about your exchange experience?
Share them in the comments - I’d love to hear!
Simon Taki Zaku,
Founder, CEO, IbiFoundry LLC
Contact:
Comments