About this pair
ETH/AED: what to know
The ETH/AED rate shows how much AED you get for 1 ETH. Right now, 1 ETH buys 9,198.36 AED at the mid-market rate. In the other direction, 1 AED is worth 0.000108715 ETH.
In the short term ETH is driven mainly by network activity and crypto-market sentiment, while AED responds to its peg to the US dollar.
Ethereum popularised programmable “smart contracts”. The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.