About this pair
AED/MYR: what to know
The AED/MYR rate shows how much MYR you get for 1 AED. Right now, 1 AED buys 1.1082 MYR at the mid-market rate. In the other direction, 1 MYR is worth 0.9023 AED.
In the short term AED is driven mainly by its peg to the US dollar, while MYR responds to commodity prices and regional demand.
The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar. The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
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.