About this pair
ZAR/AED: what to know
The ZAR/AED rate shows how much AED you get for 1 ZAR. Right now, 1 ZAR buys 0.2281 AED at the mid-market rate. In the other direction, 1 AED is worth 4.3843 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while AED responds to its peg to the US dollar.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. 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.