As a UAE citizen, it is the most important thing to understand the currency system of the country in case you are planning to travel, work, or move to Malta. The exchange rates of currency have their effects on the daily prices as well as the size of salary paid, and the money exchange between international levels.
In this complete guide, you will learn:
- The common currency in Malta.
- Recent Euro to AED, INR, and PKR rates.
- Guide to exchanging money in Malta.
- The living costs of expats in Malta.
- The most convenient ways of transferring money abroad.
This manual will help the UAE expats in their proper financial management when staying or visiting Malta.
What Is the Official Currency of Malta?
Malta operates on its currency, which is the Euro (EUR). Malta entered the Eurozone in the year 2008, and this is an association of countries in the European Union sharing the same currency with Malta.
The most common currency in Europe is the euro, which is regarded as one of the strongest global currencies.
Euro Coins Used in Malta
You will commonly see the following coins:
- 1 cent
- 2 cents
- 5 cents
- 10 cents
- 20 cents
- 50 cents
- €1
- €2
Euro Banknotes Used in Malta
The banknotes include:
- €5
- €10
- €20
- €50
- €100
- €200
- €500 (rarely used)
People need not carry cash as most of the shops in Malta have been fitted with credit cards, debit cards and contactless payments.
Euro to AED Exchange Rate for UAE Expats
Suppose you are residing in the UAE and you want to visit or work in Malta, and, you may need to exchange Euros into Dirhams (AED) in the UAE.
The average exchange rate is at the present:
- 1 Euro = 4.36 UAE Dirhams (AED)
Example Conversion
| Euro | AED |
|---|---|
| €1 | 4.26 AED |
| €10 | 42.6 AED |
| €100 | 425.9 AED |
| €1000 | 4259 AED |
Such rates are prone to changes on a day-to-day basis due to changes in the market, bank fees, and the demand for currencies in the global market.
Where to Check Euro to AED Rates
The exchange rates may be determined by UAE expats as:
- Websites that exchange currencies.
- Bank exchange services
- Foreign currency transfer systems.
- Financial apps
The following exchange rates will allow you to exchange money at the most opportune time.
Read Also: Malta Guide for UAE Expats: Jobs, Visas & Living 2026
Euro to Indian Rupees (INR)
There are high levels of Indian expats who work in the UAE or in Malta.
The approximate exchange rate is:
- 1 Euro ≈ 106.63 Indian Rupees (INR)
Example Conversion
| Euro | INR |
|---|---|
| €1 | ₹106.63 |
| €10 | ₹1066.30 |
| €100 | ₹10663.00 |
Best Ways to Convert Euro to INR
- Transfers via international banks.
- Remittance sites over the Internet.
- Exchange houses
- Multi-currency electronic wallets.
Also, compare fees as some providers provide high conversion margins.
Euro to Pakistani Rupees (PKR)
The Pakistani expatriates also characterize remittance of money into their families by exchanging Euros against the Pakistani PKR.
The latest average exchange rate is approximately:
- 1 Euro ≈ 322.97 PKR
Example Conversion
| Euro | PKR |
|---|---|
| €1 | 322.97 PKR |
| €10 | 3229.73 PKR |
| €100 | 32297.30 PKR |
Depending on bank fees and market forces, the exchange rates may vary.
Cost of Living in Malta for UAE Expats
The rating of Malta is a moderately cost European country, but far cheaper than most of the Western European countries. This is a monthly budget of a one-person living in Malta.
Average Monthly Expenses in Malta
| Expense | Average Cost |
|---|---|
| Rent (1-bedroom apartment) | €700 – €1200 |
| Groceries | €200 – €350 |
| Transportation | €26 – €50 |
| Utilities | €80 – €150 |
| Internet | €25 – €40 |
The expatriates who are paid in Euros should be cost conscious mostly when converting currency to AED, INR, and PKR.
How to Exchange Money in Malta (Step-by-Step Guide)
These are some of the steps that one ought to follow when visiting Malta to avoid accidents during the exchange of money in the first instance.
1: Compare Exchange Rates
Before exchanging money, compare rates from:
- Banks
- Currency exchange offices
- Online converters
2: Choose Reliable Exchange Services
Use reputable providers such as:
- Local banks
- Official exchange counters
- International transfer services
3: Avoid Airport Exchange Counters
Exchange counters at the airports typically provide very expensive and unfavourable exchange rates.
4: Use ATMs or Debit Cards
In certain instances, debits through foreign cards could offer better exchange rates than cash exchange services.
Best Ways to Send Money from Malta to UAE, India & Pakistan
Malta also has expatriates who tend to send money back to their families. The popular methods are the following.
1. International Bank Transfers
Secure and probably a higher transfer fee.
2. Online Money Transfer Services
These kinds of services are characterized by competitive exchange rates and fast remittances.
3. Currency Exchange Companies
The bank rates may also be lower than those of the local exchange houses.
4. Multi-Currency Digital Accounts
Financial applications provide you with an opportunity to hold many currencies and send money worldwide.
Tips for Managing Money in Malta
This is among the finance tips that may be of help to the UAE expatriates living in Malta.
Use Multi-Currency Bank Accounts
This will help you have Euros and convert them into other currencies without any challenges.
Monitor Exchange Rates
The currencies vary day by day, and therefore, one must not be left behind, as they may end up losing money.
Avoid High ATM Fees
Use foreign currencies with a low foreign transfer price.
Compare Transfer Providers
Also, never remit money overseas without first checking the exchange rates as well as the fee at which they are sending it.
Frequently Asked Questions (FAQS)
What is the currency in Malta?
The currency of Malta is the Euro (E).
Do Malta Dirhams work in the UAE?
No, the Dirhams of the UAE are not accepted in Malta. You need to convert them into Euros.
How much is 1 Euro in AED?
The 1 Euro is currently worth approximately 4.26 AED; however, it changes on a daily basis.
Are the costs of living in Malta high for expats?
Malta is a middle-range priced nation, but the living conditions are lower than those of European nations.
Where can I exchange currency in Malta?
This can be exchanged at the exchanges at the banks, exchange offices, or at international transfer services.
Read Also: How to Calculate VAT in Malta (18%, 7%, 5%) – 2026
Final Thoughts
The money system in Malta is essential to the UAE expats intending to travel, work, study, or move to the nation. Since Malta is part of the Euro, knowing how to convert it to UAE Dirhams (AED), Indian Rupees (INR), and Pakistani Rupees (PKR) will enable you to manage the amounts you spend daily, calculate your expenses, and send the funds to another nation without paying any extra fees.
