UAE Dirham / Turkish Lira

AED/TRY shows the Turkish lira value of the dirham, the currency of the United Arab Emirates. The dirham is managed by the Central Bank of the UAE; the currency's subunit is called the fils. The federation consists of seven emirates, and the dirham is used as the common currency in all of them.

The dirham is tied to the US dollar at a fixed rate, and this link has been maintained for a long time. As a result, changes in AED/TRY almost entirely reflect the Turkish lira's path against the dollar. The UAE economy relies on oil income as well as trade, logistics, tourism and financial services centered on Dubai and Abu Dhabi; Dubai is also known as a regional trade and transshipment hub.

The Comprehensive Economic Partnership Agreement signed between Turkey and the UAE in 2023 aims to expand trade and investment relations between the two countries. The AED/TRY value shown on Lzzo.com is a cross reference rate calculated via the US dollar from market exchange rates, not a bank buy/sell price; it is not a substitute for an exchange office price.