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AED to AUD - Rate Guide

United Arab Emirates Dirham to Australian Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

AED/AUD update & alerts

1 AED = 0.3994 AUD

AED to AUD - Trading Range (90 Day)
1-DAY ▲ 0.8% (2d)14-DAY HIGH (2d)
At 0.3995 AED/AUD is trading near the average for 90 days, with range 0.3935 to 0.4061. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

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AED/AUD Exchange Rates and Providers Compared

This guide to the United Arab Emirates Dirham to Australian Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and AED to AUD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our AED/AUD Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AED/AUD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

AED to AUD International Money Transfers

  

Foreign Transfer ProvidersReceive AUD(A$)Exchange RateFee AEDTotal CostDeal Links
OFX logo
A$3,9460.39460 for BER users (normally $15)1.2%
TorFX logo
A$3,9420.394201.3%
National Bnk Abu Dhabi International Money Transfers
National Bnk Abu Dhabi logo
A$3,7730.377305.53%
HSBC logo
A$3,767.340.3773د.إ155.68%
Banks - Average Rate
Citibank logo HSBC logo
A$3,7510.3756156.09%
Citibank International Money Transfers
Citibank logo
A$3,734.510.3739126.5%
WorldRemit logo
Your amount above the WorldRemit AED2000 maximum
 

OFX logo

OFX: Foreign Transfer AED→AUD
From Amount (AED)د.إ10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.3946 (1.2% from mid-rate)
To Amount (AUD) A$3,946
Total Cost:1.2%
Time:
Rate Fetched: 1:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

TorFX logo

TorFX: Foreign Transfer AED→AUD
From Amount (AED)د.إ10,000
Fee:0
Exchange Rate:0.3942 (1.3% from mid-rate)
To Amount (AUD) A$3,942
Total Cost:1.3%
Difference:
A$4 AUD less than using OFX
Time:1:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

National Bnk Abu Dhabi logo

National Bnk Abu Dhabi: Foreign Transfer AED→AUD
From Amount (AED)د.إ10,000
Fee:
Exchange Rate:0.3773 (5.53% from mid-rate)
To Amount (AUD) A$3,773
Total Cost:5.53%
Difference:
A$173 AUD less than using OFX
Time:1:11 Local
Transfer Speed:
Services:
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer AED→AUD
From Amount (AED)د.إ10,000
Fee:د.إ15 AED (.15%)
Exchange Rate:0.3773 (5.53% from mid-rate)
To Amount (AUD) A$3,767.34
Total Cost:5.68%
Difference:
A$179 AUD less than using OFX
Time:1:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AED→AUD
From Amount (AED)د.إ10,000
Fee:15
Exchange Rate:0.3816 (4.46% from mid-rate)
To Amount (AUD) A$3,751
Total Cost:6.09%
Difference:
A$195 AUD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Citibank logo

Citibank: Foreign Transfer AED→AUD
From Amount (AED)د.إ10,000
Fee:12
Exchange Rate:0.3739 (6.38% from mid-rate)
To Amount (AUD) A$3,734.51
Total Cost:6.5%
Difference:
A$211 AUD less than using OFX
Time:1:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

WorldRemit logo

WorldRemit: Foreign Transfer AED→AUD
From Amount (AED)د.إ10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 11/17/2019 - See full table

AED and AUD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the AED vs AUD, you should pay attention to the recent market trends for both currencies.

United Arab Emirates Dirham (AED)

All the Gulf Cooperation Council (GCC) countries, excluding Kuwait, have their currencies pegged to the US dollar. The UAE dirham has been fixed at a rate of around 3.6725 to $1 since 1997.

 

Australian Dollar (AUD)

At the end of October the AUD surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.

The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

Why can't I just get the AED/AUD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AED / AUD was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all AED Exchange Rates