About this pair
AED/CAD: what to know
The AED/CAD rate shows how much CAD you get for 1 AED. Right now, 1 AED buys 0.3777 CAD at the mid-market rate. In the other direction, 1 CAD is worth 2.6476 AED.
In the short term AED is driven mainly by its peg to the US dollar, while CAD responds to oil prices and the US economy.
The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar. The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.