GCC Currency Converter
Convert between the Gulf currencies at their official dollar pegs — fixed rates, not a delayed market feed.
GCC Currency Converter
Official dollar pegs — fixed rates, not a delayed market feed.
Method. Every conversion routes through the US dollar at each currency’s official peg. Because the pegs are fixed, cross rates between the pegged Gulf currencies are constant rather than fluctuating.
These are official reference rates, not the rate you will be given at a counter. Retail spreads, transfer fees and card conversion charges routinely cost more than any rate difference between providers.
| Currency | Per 1 USD | USD per unit | Regime |
|---|---|---|---|
| AED — UAE dirham | 3.6725 | 0.2723 | Fixed dollar peg |
| SAR — Saudi riyal | 3.7500 | 0.2667 | Fixed dollar peg |
| QAR — Qatari riyal | 3.6400 | 0.2747 | Fixed dollar peg |
| OMR — Omani rial | 0.3845 | 2.6008 | Fixed dollar peg |
| BHD — Bahraini dinar | 0.3760 | 2.6596 | Fixed dollar peg |
| KWD — Kuwaiti dinar (basket peg — floats) | 0.3070 | 3.2573 | Undisclosed currency basket — floats |
Five fixed, one floating
The UAE dirham, Saudi riyal, Qatari riyal, Omani rial and Bahraini dinar are each pegged to the US dollar at a fixed rate that has held for years. That has an underrated consequence: cross rates between those five currencies are constants, not moving numbers. A dirham figure converted to riyals today converts identically next month, which is why a converter built on the pegs does not go stale in the way a market-feed converter does.
The dinar is the exception
The Kuwaiti dinar is not pegged to the dollar. It tracks an undisclosed basket of currencies, which means it moves — modestly, but genuinely. Publishing a fixed dinar rate as though it were a peg would be quietly wrong, so it is an editable field above with a clearly-labelled default rather than a constant. When converting to or from KWD, overwrite it with today's rate.
What you will actually be charged
Peg rates are reference rates, not retail rates. Banks, exchange houses and card networks all apply a spread on top, and add transfer or conversion fees beyond that. In practice the spread and the fees cost most people considerably more than any difference in the underlying rate, and comparing providers on the rate alone misses where the money goes.
Common questions
Is the UAE dirham fixed to the US dollar?
Yes. The dirham is pegged to the dollar at a fixed rate, as are the Saudi riyal, Qatari riyal, Omani rial and Bahraini dinar. Because all five are pegged to the same currency, the rates between them are fixed too.
Why does the Kuwaiti dinar move?
Because it is pegged to an undisclosed basket of currencies rather than to the dollar alone. The basket approach lets the rate drift as its components move, so a dinar conversion is only as current as the rate used for it.
Will a bank give me the peg rate?
No. The peg is the official reference rate. Banks, exchange houses and card networks quote a rate with their own margin built in and often charge a fee on top. Compare the total amount received after all charges, not the quoted rate.
Peg rates, not retail rates. Banks and exchange houses apply their own spread and fees. NexaGulf publishes general information, not licensed financial, tax or legal advice.