AED/EUR update & alerts
1 AED = 0.2463 EUR
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.
| Foreign Transfer Providers | Receive EUR(€) | Exchange Rate | Fee AED | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | €2,433 | 0.2433 | 0 for BER users (normally $15) | 1.22% | |
 | €2,431 | 0.2431 | 0 | 1.3% | |
National Bnk Abu Dhabi International Money Transfers  | €2,327 | 0.2327 | 0 | 5.52% | |
Banks - Average Rate   Average Bank Rate | €2,313 | 0.2316 | 15 | 6.1% |
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.
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