AED ↔ AUD — why our prices refresh twice a day

The AED is pegged to the USD at 3.6725. The AUD is not. That's why the AUD prices on this site are indicative and are updated twice a day.

When you look at a property priced at 2,500,000 AED, the AUD figure depends on where the Australian dollar is trading that day. A half-cent move in the Australian dollar changes the AUD equivalent of a 2,500,000 AED property by around A$8,000.

IPM updates its exchange rate twice a day from a third-party provider and shows AUD prices alongside the AED price, so you can see the conversion. We don't hedge or lock the rate for individual buyers, and we don't take a view on where the Australian dollar is going next.

Exchange rates can move significantly between enquiry and settlement, so allow for movement when planning your budget.