About this pair
EUR/AED: what to know
The EUR/AED rate shows how much AED you get for 1 EUR. Right now, 1 EUR buys 4.2601 AED at the mid-market rate. In the other direction, 1 AED is worth 0.2347 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while AED responds to its peg to the US dollar.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. 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.