About this pair
GBP/AED: what to know
The GBP/AED rate shows how much AED you get for 1 GBP. Right now, 1 GBP buys 4.9438 AED at the mid-market rate. In the other direction, 1 AED is worth 0.2023 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while AED responds to its peg to the US dollar.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. 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.