The AED/USD exchange rate experienced a modest increase of 0.0002 or 0.01%, rising to 3.6730 on Monday, December 9, up from 3.6728 in the previous trading session.
Historically, the USDAED has reached an all-time high of 3.68 in August 2003. Analysts and global macro models suggest that the UAE Dirham is likely to trade around 3.67 by the end of this quarter, with expectations of maintaining this rate over the next 12 months.