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AED to EUR - Rate Guide

United Arab Emirates Dirham to Euro 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/EUR update & alerts

1 AED = 0.2463 EUR

AED to EUR - Trading Range (90 Day)
30-DAY HIGH (3d)
At 0.2463 AED/EUR is trading near the average for 90 days, with range 0.2423 to 0.2498. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

More Charts

AED/EUR Exchange Rates and Providers Compared

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

 
  

AED to EUR International Money Transfers

  

Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee AEDTotal CostDeal Links
OFX logo
2,4330.24330 for BER users (normally $15)1.22%
TorFX logo
2,4310.243101.3%
National Bnk Abu Dhabi International Money Transfers
National Bnk Abu Dhabi logo
2,3270.232705.52%
HSBC logo
2,323.510.2327د.إ155.66%
Banks - Average Rate
Citibank logo HSBC logo
2,3130.2316156.1%
Citibank International Money Transfers
Citibank logo
2,302.230.2305126.53%
WorldRemit logo
Your amount above the WorldRemit AED2000 maximum
 

OFX logo

OFX: Foreign Transfer AED→EUR
From Amount (AED)د.إ10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.2433 (1.22% from mid-rate)
To Amount (EUR)2,433
Total Cost:1.22%
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→EUR
From Amount (AED)د.إ10,000
Fee:0
Exchange Rate:0.2431 (1.3% from mid-rate)
To Amount (EUR)2,431
Total Cost:1.3%
Difference:
€2 EUR 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→EUR
From Amount (AED)د.إ10,000
Fee:
Exchange Rate:0.2327 (5.52% from mid-rate)
To Amount (EUR)2,327
Total Cost:5.52%
Difference:
€106 EUR less than using OFX
Time:1:11 Local
Transfer Speed:
Services:
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer AED→EUR
From Amount (AED)د.إ10,000
Fee:د.إ15 AED (.15%)
Exchange Rate:0.2327 (5.52% from mid-rate)
To Amount (EUR)2,323.51
Total Cost:5.66%
Difference:
€109 EUR 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→EUR
From Amount (AED)د.إ10,000
Fee:15
Exchange Rate:0.2353 (4.47% from mid-rate)
To Amount (EUR)2,313
Total Cost:6.1%
Difference:
€120 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Citibank logo

Citibank: Foreign Transfer AED→EUR
From Amount (AED)د.إ10,000
Fee:12
Exchange Rate:0.2305 (6.41% from mid-rate)
To Amount (EUR)2,302.23
Total Cost:6.53%
Difference:
€131 EUR 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→EUR
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 EUR in the Markets

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

 

Euro (EUR)

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Read more in the article EUR Forecasts.

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