Abu Dhabi - Mubasher: The exchange rate of the UAE dirham fluctuated against Arab and foreign currencies during trading on Friday, according to the latest update of the Central Bank of the UAE data .

"Information Direct" monitors the exchange rates of the UAE dirham against 10 foreign and Arab currencies, based on data from the Central Bank .

The UAE dirham remained stable against the dollar at 3.672 dirhams .

The euro exchange rate against the UAE currency was around 4.088 dirhams, while the pound sterling was worth 4.745 dirhams .

The Swiss franc was recorded at 4.388 dirhams against the UAE dirham, and 0.0253 dirhams against the Japanese yen .

The Saudi riyal was recorded at 0.978 dirhams, and the Kuwaiti dinar was valued at 11.956 dirhams against the Emirati dirham .

The Bahraini dinar recorded 9.742 dirhams, the Qatari riyal 1.007 dirhams, and the Omani riyal 9.539 dirhams against the UAE dirham .

It is worth noting that foreign exchange rates against the UAE dirham are updated on the Central Bank of the UAE's website at the end of each week, based on global foreign exchange rates, which operate from Monday to Friday of each week .

The Central Bank of the UAE announced years ago that it would publish a list of foreign currency exchange rates against the UAE dirham on its website .

This decision aims to facilitate the process of calculating value-added tax obligations owed by commercial entities to the Federal Tax Authority .

The UAE Central Bank confirmed that the list of foreign currency exchange rates against the dirham complies with the requirements of Federal Law No. 8 on Value Added Tax .

It is noteworthy that the Central Bank of the UAE decided to keep interest rates unchanged, with the base rate on the overnight deposit facility remaining at 4.4%, effective Thursday, March 20, 2025 .

The Federal Reserve's Open Market Committee decided to keep interest rates unchanged in its second meeting after President Donald Trump's inauguration in 2025 .

The base rate, which is linked to the interest rate on reserve balances approved by the US Federal Reserve, determines the overall monetary policy stance of the Central Bank and provides a floor for the effective interest rate for overnight money market rates in the country. The UAE dirham is pegged to a fixed exchange rate against the US dollar at 3.67 dirhams to the dollar .