Do I need to register to exchange a large amount of euros in Ajman, and what exchange rate can I expect?
From messages by 2 participants in 1 source · Last activity: 8 days ago
From messages by 2 participants in 1 source · Last activity: 8 days ago
TL;DR
One Ajman exchange office requested registration and about a 30-minute wait for exchanging €500 because the amount exceeded AED 3,500, while €100 was exchanged without it. A hotel reception quoted AED 3.46 per USD and AED 3.97 per EUR.
A hotel reception was offering cash exchange at an indicative rate of AED 3.46 per US dollar.
For euros, the reception quoted an indicative rate of AED 3.97 per €1; confirm that the rate applies to your transaction amount before exchanging.
When exchanging a single €500 note at an Ajman exchange office, registration was requested because the transaction exceeded AED 3,500, with an estimated wait of around 30 minutes.
A smaller amount of €100 was exchanged without registration in the same case. If you want to avoid waiting for processing, ask whether smaller transactions are possible, as policies may vary by exchange office.