The exchange rate compared with other currencies is very poor and have been for some years now. Lots of talk to get rid of a pegged Dirhams to the USD....
Anyway I just calculated something "funny"
Since I joined the UAE and until today, I have had an increase of aprx. 60%. Not so bad you would think. But if I compare to the exchange rate then and with todays vs my different salaries, I have lost 2,5%!!!!! In theory at least. But hey my salary back home would have gone up as well, not necessarily 60%, but my buying power would have improved vs the inflation in my home country. I dont know exactly how much the official UAE inflation rate has been since I joined. Example:
Fuel has gone from 4 AED a gallon to 6,25 AED = 56%
Newspaper is status quo on 2 AED = 0%
Housing from good to = trillion%
Street taxiis in Abu D more or less the same = 0%
Bottle of milk 7 AED to 9 AED = 29%
Pint of beer at many places remain status quo but new a trendy places gone up = 50%
Bottle of Masafi water or a can of coke still 1 AED = 0%
The Club membership from 1500 AED to 1900 AED = 27%
So am I losing money? Not really since I spend the majority of my income here, unless I travel which is very costly! So what to do with my savings when I leave??? Sh!t... I guess I better die here