About this pair
CAD/AED: what to know
The CAD/AED rate shows how much AED you get for 1 CAD. Right now, 1 CAD buys 2.6479 AED at the mid-market rate. In the other direction, 1 AED is worth 0.3777 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while AED responds to its peg to the US dollar.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. 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.