Which currency is pegged to the US dollar at approximately 3.6725?

The UAE dirham is pegged to the US dollar at approximately 3.6725 dirhams per US dollar.

The United Arab Emirates dirham, abbreviated AED, has maintained this dollar peg since November 1997. The quoted relationship is US$1 = Dh3.6725, so one dirham is worth roughly US$0.2723. Because the rate is fixed rather than freely floating, the dirham’s exchange value against the dollar remains highly stable.

The peg helps simplify trade, investment, tourism, and government budgeting in the UAE, where the US dollar is widely used as a reference currency. The Central Bank of the UAE manages the monetary system and issues the dirham. The arrangement also means that UAE interest-rate policy is strongly influenced by US monetary conditions, since maintaining a fixed exchange rate limits room for an independent interest-rate path.

The other options are easy to confuse because several Gulf currencies also use dollar pegs. Saudi Arabia’s riyal is pegged at 3.75 per dollar, while Qatar’s riyal is pegged at 3.64. Oman’s rial has a different fixed rate of about 0.3845 rial per dollar.