About this pair
AED/ZAR: what to know
The AED/ZAR rate shows how much ZAR you get for 1 AED. Right now, 1 AED buys 4.4013 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 0.2272 AED.
In the short term AED is driven mainly by its peg to the US dollar, while ZAR responds to commodity prices and risk appetite.
The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar. The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
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.