AED/RON: what to know
The AED/RON rate shows how much RON you get for 1 AED. Right now, 1 AED buys 1.2334 RON at the mid-market rate. In the other direction, 1 RON is worth 0.8108 AED.
In the short term AED is driven mainly by its peg to the US dollar, while RON responds to regional sentiment and euro moves.
The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
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.