About this pair
MYR/AED: what to know
The MYR/AED rate shows how much AED you get for 1 MYR. Right now, 1 MYR buys 0.9023 AED at the mid-market rate. In the other direction, 1 AED is worth 1.1083 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while AED responds to its peg to the US dollar.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. 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.