About this pair
NOK/AED: what to know
The NOK/AED rate shows how much AED you get for 1 NOK. Right now, 1 NOK buys 0.3954 AED at the mid-market rate. In the other direction, 1 AED is worth 2.5290 NOK.
In the short term NOK is driven mainly by oil and gas prices, while AED responds to its peg to the US dollar.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. 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.