About this pair
XAU/AED: what to know
The XAU/AED rate shows how much AED you get for 1 XAU. Right now, 1 XAU buys 15,978.06 AED at the mid-market rate. In the other direction, 1 AED is worth 0.0000625858 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while AED responds to its peg to the US dollar.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.