About this pair
AED/EUR: what to know
The AED/EUR rate shows how much EUR you get for 1 AED. Right now, 1 AED buys 0.2367 EUR at the mid-market rate. In the other direction, 1 EUR is worth 4.2255 AED.
In the short term AED is driven mainly by its peg to the US dollar, while EUR responds to ECB policy and eurozone growth.
The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
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.