About this pair
AUD/AED: what to know
The AUD/AED rate shows how much AED you get for 1 AUD. Right now, 1 AUD buys 2.6340 AED at the mid-market rate. In the other direction, 1 AED is worth 0.3796 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while AED responds to its peg to the US dollar.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to 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.