RON/AED: what to know
The RON/AED rate shows how much AED you get for 1 RON. Right now, 1 RON buys 0.8108 AED at the mid-market rate. In the other direction, 1 AED is worth 1.2334 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while AED responds to its peg to the US dollar.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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.