Read this UAE Exchange Review to help you determine if you should use them.


UAE Exchange ReviewUAE Exchange is part of a larger group of companies that includes Travelex. UAE predominately buys and sells currency in cash. They also offer international money transfers (through Moneygram) these include: Bank transfer, Xpress Money, MoneyGram and online money transfer via Money2Anywhere.

The Currency Shop says:

  • UAE offers fantastic exchange rates but they do not have as many locations as Travelex or Travel Money Oz
  • Their website is not easy to use
  • If you are sending money overseas, there may be better options.
  • Use our comparison table to compare foreign exchange rates, fees and services of other providers.

Click Here To Compare Travel Money Exchange Rates

 


What we will cover in this UAE Exchange Review

We’re most interested in how safe it is to use UAE Exchange, how they work and when you should use them. In this article, we’ll explore:

  • Who owns UAE Exchange
  • Common fees, charges and commissions
  • What about Travel Cards?
  • Should you use UAE?

Who owns UAE Exchange

UAE Exchange was founded in 1980 in Abu Dhabi by business man B R Shetty and former United Arab Emirates Minister of Justice HE Abdulla Humaid Ali Al-Mazroei. By 2014, it had expanded to over 800 offices globally.

Common fees, charges and commissions

Commissions

UAE Exchange does not charge a commission to buy travel money.

 

Do they accept credit cards?

No.

 

UAE Exchange Rates

UAE Exchange Rates are very competitive and much better than most Australian banks. Unlike many money exchangers, the rates change in store throughout the day.

To see the latest exchange rates offered through UAE Exchange, visit their website here.

Please note that their exchange rates may vary from store to store.

Related: Travel Money Exchange Rate Comparison Table

 

What about Travel Cards?

You can purchase the Multi-currency Cash Passport through UAE in store. It’s a matter of filling in an application form in-store and attaching acceptable photo identification, along with your set-up card load.

 

Should you use UAE Exchange?

Pros of Using UAE

  • Exceptional exchange rates. Particularly on US dollars.
  • No fees or commissions

Cons of Using UAE

  • Limited locations
  • No credit card facilities
  • Basic website with no ability to make an overseas money transfer

 

Recommended For You

The currency shop calculator

Currency Calculator: Australian Banks and Travel Money Specialists

This calculator helps you compare exchange rates and fees of banks and travel money specialists.


 

Currency Exchange

The Ultimate Guide to Currency Exchange

Find out the best ways to exchange money. We will show you the cheapest places to buy currency, where to find the best exchange rate and how to get your holiday money online or in store.


 

How to Compare Travel Cards

How to Choose a Prepaid Travel Card

We’ve had a good look through a dozen of the most widely used Travel Cards and came up with some tips that might save you some money.


 

Helping You Save Money on Currency

Buying travel money or transferring money overseas can be expensive and confusing. So how do you make the best choice and get the most out of your money?

An easy way is to use a comparison table for either international money transfers or currency exchange. These tables list and compare the banks with other large foreign exchange companies.

We’ve also put together tons of helpful videosguides and reviews that will help you make the right decision. You can work out a cheaper way of converting currency while still keeping your money safe.