About this pair
ISK/AED: what to know
The ISK/AED rate shows how much AED you get for 1 ISK. Right now, 1 ISK buys 0.0305 AED at the mid-market rate. In the other direction, 1 AED is worth 32.7384 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while AED responds to its peg to the US dollar.
The Icelandic Krona (ISK) is issued by Central Bank of Iceland. After the 2008 crisis Iceland withdrew its cents (aurar) — only whole krónur circulate. 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.