Sending money between New Zealand and the United Arab Emirates (UAE) doesn’t have to be difficult or expensive. Between banks and money transfer companies, you have plenty of options to choose from when it comes to converting your dollars to dirham. Be sure to compare the fees you’ll be charged and familiarise yourself with the common exchange rates in order to get the most out of your transfer.
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The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.
International money transfers allow you to send New Zealand dollars to another country in its currency. If you have friends or family in the UAE, then transferring NZD to AED makes it easy to help out when someone you love is in need. You can use cash, a credit card or transfer money directly from your bank account when you complete a transaction with a money transfer company. Your recipient can then pick up the cash in person or have the money deposited into their bank account. The process is generally quick, and if you compare fees and exchange rates ahead of time, it doesn’t have to be costly.
Banks versus money transfer companies
Because the UAE dirham is traded globally, your bank will be able to easily transfer money between New Zealand and the UAE. However, banks tend to have larger fees than money transfer companies, so your transaction will likely be more expensive through your bank. The exchange rates tend to be worse than money transfer companies. Generally, you’ll save more money and be able to transfer more dirham when you go through a money transfer company instead of your bank.
Jenna sends money to the UAE
Jenna’s husband Michael works in the oil industry in Dubai. With his birthday coming up, Jenna wants to send him a gift of $1,000 to spend as he wishes. Rather than pay the $50 transfer fee offered by her bank, she sees if she can find a cheaper alternative with one of the many money transfer companies online. She compares two to see which one offers the best deal.
Money transfer company 1
Money transfer company 2
1 NZD = 2.520 AED
1 NZD = 2.447 AED
Bank account deposit
Bank account deposit
2 business days
1-2 business days
Amount received (in AED)
As you can see, not only can Jenna send an extra $82 AED by using the first company, but she can also save $9 on transfer fee.
What to compare when looking at money transfer companies
Exchange rates. How do each company’s rates compare to those offered by other providers? Are they higher, lower or roughly the same when compared to the competition?
Fees. How much will you have to pay when you send a transfer? Can you avoid a transfer fee when you send a large amount of money?
Transfer methods. What options are available for making transfers: online, over the phone or at a branch? Is there a smart phone app available?
Transfer options. Can you lock in an ideal exchange rate now and transfer the money later, known as a forward contract? Does the institution offer limit orders, which allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met? Can you schedule recurring payments?
Turnaround time. How long will it take for the funds you send to make it into your recipient’s bank account or wallet?
Minimum amount. Is there a minimum transfer limit you will have to meet?
Pick-up methods. Will the funds be available for collection from a branch or will they be transferred straight into your recipient’s bank account?
Customer service. Are phone, email and/or online customer support offered?
Exchange rate is determined by the global political and economic climate. A currency may be strong or weak against another depending on how the country is doing. Because exchange rates fluctuate, the best way to get more dirham out of your dollars is to find the trends and make a transfer on a day where a NZ dollar is worth more UAE dirham. For example, in December 2018 1 NZD was worth about 2.52 AED.
Transferring money isn’t difficult, but it can be confusing if you’ve never done it before. Here are the steps you should follow when sending money from New Zealand to the UAE.
Compare the exchange rates and fees of the money transfer companies in the chart above.
Click the “Go to Site” link and register with the provider.
Enter your recipient’s information and confirm how much money you want to send.
Pay for your transfer.
Keep the tracking number close to make sure your transfer is completed successfully.
That’s it. If your recipient is picking up cash, they will also need the tracking and confirmation numbers to complete the transaction.
Tips for picking up cash in the UAE
There are a few simple precautions you can take to ensure you and your money remain safe. Avoid any dangerous parts of town and make sure not to advertise the fact that you’re carrying around a large sum of cash. Ask a friend to come along when you pick up your cash, and as soon as you can, deposit your money into a secure bank account or safe.
Emergency cash transfers to the UAE
Although there are companies that are willing to make emergency transfers of NZD to AED, be mindful that this is an expensive process that will have more fees and a worse exchange rate than the slower, more traditional process. You’ll have to pay extra to get the money to the UAE quickly, so if the transfer can wait, it’s best to compare your options and avoid unnecessary charges.
Cash pick-up locations in UAE
Xpress Money – Al Ahalia Money Exchange Bureau – Deira – Dubai Br Address: Naif Junction, Old Raymonds Show Room Deira Dubai Hours: 9:00 AM – 11:30 PM Phone: +971-4-2266007
Xpress Money – Al Bader Exchange – Dubai Br Address: Unit No.S01, Bldg. of Talib Jassim Abdulla Al Hawai Hor Al Anz Area Dubai Dubai Hours: 8:50 AM – 11:55 PM Phone: +971-4-2388366
Xpress Money -Al Fuad Exchange – Deira – Dubai Br Address: Al Rigga Road, Near LALS Super Market Deira Dubai Hours: 9:00 AM – 11:00 PM Phone: +971-4-2211117
Al Rostamani Exchange Address: Karama Al Kazna Centre Kuwait Street, Dubai Hours: 8:00 AM – 11:59 PM Phone: +971-4-3344662
Al Ahalia Exchange Address: IBN Khaldoon Street Sahara Complex, Dubai Hours: 8:30 AM – 10:00 PM Phone: +971-4-2266007
Emirates India International Exchange Address: Nazar Abdullah Hussain Lootah Building 28 Plot 98B, Dubai Hours: 8:30 AM – 10:30 PM Phone: +971-4-42633636
Sharaf Exchange Address: Sh Tsrv27 Entrance N2, Next To Mall Of The Emirates Dubai, Sheikh Zayed Road Hours: 9:30 AM – 11:59 PM Phone: +971-4-3473255
UAE Exchange Address: Shop Number R41 At Burj Khalif Red Line Metro Dubai Hours: Open 24 Hours Phone: +971-4-3796604
Lari Exchange Address: Unit No Kg 17 Ground Floor Mazaya Centre Dubai, Al Wasl 8011 Hours: 8:30 AM – 11:50 PM Phone: +971-4-3436030
Xpress Money – Al Bader Exchange – Abu Dhabi – Market Br Address: Khalifa Street Market Abu Dhabi Hours: 8:50 AM – 11:55 PM Phone: +971-2-6226988
Xpress Money – Al Ahalia Money Exchange Bureau – Mussafah Br Address: Old Souk, Al Mussafah Area Mussafah Abu Dhabi Hours: 8:30 AM – 9:00 PM Phone: +971-2-5546644
Xpress Money – Al Dhafra Exchange PSC – WS Agent Address: Mega Store M34-P1, Shop No.85 Abu Dhabi Hours: 9:00 AM – 9:00 PM Phone: +971-2-5512741
Al Ahalia Exchange Address: Shaikh Hamdan Street, Abu Dhabi Hours: 8:30 AM – 10:00 PM Phone: +971-2-6270004
Emirates India International Exchange Address: Al Moraque Building Opposite Old Al Noor Hospital 4, Abu Dhabi Hours: 8:30 AM – 10:30 PM Phone: +971-2-6740330
Al Rostamani Exchange – ELECTRA STREET Address: Al Reem Plaza Building, Abu Dhabi Hours: 8:00 AM – 11:59 PM Phone: +971-2-6430643
UAE Exchange Centre LLC Address: Grd Floor Omair Bin Yousaf And Hamdan St Abu Dhabi, Al Markaziyah 170 Hours: 8:30 AM – 10:00 PM Phone: +971-2-6105561
Al Ansari Exchange Address: G02 Ground Floor Al Raha Mall Abu Dhabi, 325 Hours: Open 24 Hours Phone: +971-2-6711470
Wall Street Exchange Center Address: Hazza Bin Zayed St, Level-1, U S92 Mariana Naggy Si242946 Abu Dhabi, Old Airport Rd 3014 Hours: 10:00 AM – 10:10 PM Phone: +971-2-6311216
Xpress Money – Hawl Al Khaleej Exchange – Sharjah Br Address: Al Wahdah Street, Mohd Tayeb Bldg., beside Golden Fork Restaurant Sharjah Hours: 9:00AM – 5:00 PM Phone: +971-6-5512900
Xpress Money – Index Exchange LLC – Mega Mall Br Address: Jamal Abdullah Al Shamlan Building, Opposite Mega Mall Sharjah Hours: 8:00 AM – 11:00 PM Phone: +971-6-5441228
Xpress Money – Saad Exchange – Khorfakkan Br Address: Bldg. of Abdullah Mohammed Salem, Khorfakkan, Sharjah Hours: 8:30 AM – 10:00 PM Phone: +971-9-2371727
Emirates India International Exchange Address: OPP Drake and Skull International 6, Sharjah Hours: 8:30 AM – 10:30 PM Phone: +971-6-65369748
Al Rostanami Exchange Address: Sharjah Industrial Area, Sharjah Hours: 8:00 AM – 11:59 PM Phone: +971-6-5437727
Al Ahalia Exchange – SHARJAH – AL NAHDA Address: Garden Plaza Tower Al Nahda, Sharjah Hours: 8:30 AM – 10:00 PM Phone: +971-6-5549924
Al Ansari Exchange Halwan Address: Sharjah Co Op Society Bldg Hal Shj Coop Halwan Sharjah, Halwan 6176 Hours: Open 24 Hours Phone: +971-6-5542220
Emirates Postal Corporation Address: Alyasmin Building Industrial Street 6 Sharjah, Sharjah 150150 Hours: 8:00 AM – 8:00 PM Phone: +971-6-5440665
K M Mall Address: K M Trading Centre Abu Shagara K M Trading Centre Sharjah, Abu Shagara Hours: 9:00 AM – 10:15 PM Phone: +971-6-5534833
Adrienne Fuller is the head of publishing at Finder. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
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