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07 June 2023

Dirham appreciates against top 10 import partners in 2019


The UAE Dirham has appreciated against the currencies of top 10 non-dollarised import partners by 1.8 percent in 2019, according to Central Bank of the UAE statistics.

These partners account for around 51.4 percent of the UAE's total imports.

In the meantime, the UAE currency gained more ground against the currencies of emerging economies, according to the financial regulator's figures, which also showed that the national currency appreciated against the Chinese yuan, Indian rupee and euro.

The average real nominal exchange rate, which takes into consideration the difference in inflation between the UAE and its trade partners, appreciated 3.4 percent in the reference year.