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AED to CAD - Rate Guide

United Arab Emirates Dirham to Canadian 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/CAD update & alerts

1 AED = 0.36 CAD

AED to CAD - Trading Range (90 Day)
30-DAY HIGH (2d)
At 0.3602 AED/CAD is trading near the average for 90 days, with range 0.3555 to 0.3638. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

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AED/CAD Exchange Rates and Providers Compared

This guide to the United Arab Emirates Dirham to Canadian Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and AED to CAD 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/CAD 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/CAD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

AED to CAD International Money Transfers

  

Foreign Transfer ProvidersReceive CAD(C$)Exchange RateFee AEDTotal CostDeal Links
OFX logo
C$3,5560.35560 for BER users (normally $15)1.19%
TorFX logo
C$3,5520.355201.31%
National Bnk Abu Dhabi International Money Transfers
National Bnk Abu Dhabi logo
C$3,4000.3405.53%
HSBC logo
C$3,394.90.34د.إ155.67%
Banks - Average Rate
Citibank logo HSBC logo
C$3,3800.3385156.09%
Citibank International Money Transfers
Citibank logo
C$3,364.960.3369126.5%
 

OFX logo

OFX: Foreign Transfer AED→CAD
From Amount (AED)د.إ10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.3556 (1.19% from mid-rate)
To Amount (CAD) C$3,556
Total Cost:1.19%
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→CAD
From Amount (AED)د.إ10,000
Fee:0
Exchange Rate:0.3552 (1.31% from mid-rate)
To Amount (CAD) C$3,552
Total Cost:1.31%
Difference:
C$4 CAD 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→CAD
From Amount (AED)د.إ10,000
Fee:
Exchange Rate:0.3400 (5.53% from mid-rate)
To Amount (CAD) C$3,400
Total Cost:5.53%
Difference:
C$156 CAD less than using OFX
Time:1:11 Local
Transfer Speed:
Services:
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer AED→CAD
From Amount (AED)د.إ10,000
Fee:د.إ15 AED (.15%)
Exchange Rate:0.3400 (5.53% from mid-rate)
To Amount (CAD) C$3,394.9
Total Cost:5.67%
Difference:
C$161 CAD 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→CAD
From Amount (AED)د.إ10,000
Fee:15
Exchange Rate:0.3438 (4.47% from mid-rate)
To Amount (CAD) C$3,380
Total Cost:6.09%
Difference:
C$176 CAD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Citibank logo

Citibank: Foreign Transfer AED→CAD
From Amount (AED)د.إ10,000
Fee:12
Exchange Rate:0.3369 (6.39% from mid-rate)
To Amount (CAD) C$3,364.96
Total Cost:6.5%
Difference:
C$191 CAD less than using OFX
Time:1:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 11/17/2019 - See full table

AED and CAD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the AED vs CAD, 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.

 

Canadian Dollar (CAD)

The Canadian dollar stormed ahead in the second half of June, rising to a 16-week high against the US dollar and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

Any delay to Canadian ratification of the USMCA trade deal (already accepted by Mexico) is likely to depress sentiment on Canada’s currency.

Read more in the article CAD Forecasts.

Why can't I just get the AED/CAD 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 / CAD 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