Expo 2020 Dubai: Al Ansari Exchange records 185% growth in foreign currency exchange transactions in past 6 months

Expo 2020 Dubai: Al Ansari Exchange records 185% growth in foreign currency exchange transactions in past 6 months

Rashed A. Al Ansari, CEO of Al Ansari Exchange. — Supplied photo

The gathering of 192 participating countries in the emirate and the influx of visitors, businesses and investors have fuelled a noticeable increase in foreign exchange activities since the Expo’s grand opening in October 2021.

Published: Sat 2 Apr 2022, 3:46 PM Last updated: Sat 2 Apr 2022, 3:50 PM

Al Ansari Exchange recorded a 185 per cent growth in foreign currency exchange transactions of non-residents during the six-month hosting period of Expo 2020 Dubai compared to the same period the year before and a 66 per cent growth compared to the pre-pandemic period (October 2019 to March 2020).

The top currencies to witness an increase in foreign exchange transactions during Expo 2020 Dubai were the US Dollar, Euro, British Pound, Saudi Riyal and Indian Rupee.

The gathering of 192 participating countries in the emirate and the influx of visitors, businesses and investors have fuelled a noticeable increase in foreign exchange activities since the Expo’s grand opening in October 2021.

Being held under the theme ‘Connecting Minds, Creating the Future,’ the Expo has welcomed, as of 29 March around 23 million visitors as per official sources. Other factors such as the return of in-person conferences