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EUR to AED - Rate Guide

Euro to United Arab Emirates Dirham 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.

 

EUR/AED update & alerts

1 EUR = 4.0745 AED

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EUR to AED - Trading Range (90 Day)
ALERT: 14-DAY LOWS 🔔 |
EUR/AED at 4.0746 is trading near the 90-day average 4.0746 with a range 4.0244 to 4.1215. ALERT: EUR/AED has dropped to 14-DAY LOWS.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

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EUR/AED Exchange Rates and Providers Compared

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

 
  

EUR to AED International Money Transfers

  

Foreign Transfer ProvidersReceive AED(د.إ)Exchange RateFee EURTotal CostDeal Links
TorFX logo
د.إ19,989
Best Overall
3.997801.88%
OFX logo
د.إ20,009
د.إ20 more
4.00180 for BER users (normally $15)1.78%
WorldFirst logo
د.إ20,269
د.إ280 more
4.053700.5%
HSBC logo
د.إ19,589
د.إ400 less
3.9236€7.53.84%
Deutsche Bank International Money Transfers
Deutsche Bank logo
د.إ19,402
د.إ587 less
3.9196€504.76%
Citibank International Money Transfers
Citibank logo
د.إ19,391
د.إ598 less
3.8876124.81%
Santander International Money Transfers
Santander logo
د.إ19,280
د.إ709 less
3.8715205.36%
Banks - Average Rate
Deutsche Bank logo Santander logo Citibank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
د.إ19,232
د.إ757 less
3.8743125.59%
Bank of Ireland International Money Transfers
Bank of Ireland logo
د.إ19,164
د.إ825 less
3.8715€505.93%
BNP Paribas International Money Transfers
BNP Paribas logo
د.إ19,058
د.إ931 less
3.85€506.45%
Crédit Agricole International Money Transfers
Crédit Agricole logo
د.إ19,025
د.إ964 less
3.8435€506.61%
AIB Bank International Money Transfers
AIB Bank logo
د.إ18,946
د.إ1,043 less
3.8274€507%
 
TorFX logo
TorFX: Foreign Transfer EUR→AED
From Amount (EUR)€5,000
Fee:0
Exchange Rate:3.9978 (1.87% from mid-rate)
To Amount (AED) د.إ19,989
Total Cost:1.88%
Time:18:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer EUR→AED
From Amount (EUR)€5,000
Fee:0 for BER users (normally $15)
Exchange Rate:4.0018 (1.77% from mid-rate)
To Amount (AED) د.إ20,009
Total Cost:1.78%
Difference:
د.إ20 AED more than using TorFX
Time:
Rate Fetched: Fri Jan 17 2020 17:12:10 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer EUR→AED
From Amount (EUR)€5,000
Fee:
Exchange Rate:4.0537 (0.5% from mid-rate)
To Amount (AED) د.إ20,269
Total Cost:0.5%
Difference:
د.إ280 AED more than using TorFX
Time:18:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer EUR→AED
From Amount (EUR)€5,000
Fee:€7.5 EUR (.15%)
Exchange Rate:3.9236 (3.69% from mid-rate)
To Amount (AED) د.إ19,589
Total Cost:3.84%
Difference:
د.إ400 AED less than using TorFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Deutsche Bank logo
Deutsche Bank: Foreign Transfer EUR→AED
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:3.9196 (3.79% from mid-rate)
To Amount (AED) د.إ19,402
Total Cost:4.76%
Difference:
د.إ587 AED less than using TorFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer EUR→AED
From Amount (EUR)€5,000
Fee:12
Exchange Rate:3.8876 (4.58% from mid-rate)
To Amount (AED) د.إ19,391
Total Cost:4.81%
Difference:
د.إ598 AED less than using TorFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Santander logo
Santander: Foreign Transfer EUR→AED
From Amount (EUR)€5,000
Fee:20
Exchange Rate:3.8715 (4.97% from mid-rate)
To Amount (AED) د.إ19,280
Total Cost:5.36%
Difference:
د.إ709 AED less than using TorFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer EUR→AED
From Amount (EUR)€5,000
Fee:12
Exchange Rate:3.8595 (5.27% from mid-rate)
To Amount (AED) د.إ19,232
Total Cost:5.59%
Difference:
د.إ757 AED less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of Ireland logo
Bank of Ireland: Foreign Transfer EUR→AED
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:3.8715 (4.97% from mid-rate)
To Amount (AED) د.إ19,164
Total Cost:5.93%
Difference:
د.إ825 AED less than using TorFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
BNP Paribas logo
BNP Paribas: Foreign Transfer EUR→AED
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:3.8500 (5.5% from mid-rate)
To Amount (AED) د.إ19,058
Total Cost:6.45%
Difference:
د.إ931 AED less than using TorFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Crédit Agricole logo
Crédit Agricole: Foreign Transfer EUR→AED
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:3.8435 (5.66% from mid-rate)
To Amount (AED) د.إ19,025
Total Cost:6.61%
Difference:
د.إ964 AED less than using TorFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
AIB Bank logo
AIB Bank: Foreign Transfer EUR→AED
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:3.8274 (6.06% from mid-rate)
To Amount (AED) د.إ18,946
Total Cost:7%
Difference:
د.إ1,043 AED less than using TorFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/17/2020 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount AED(د.إ)Exchange RateFee EURTotal CostDeal Links
Sparkasse Bank Foreign Currency
Sparkasse Bank logo
د.إ3,639.24
Compare
3.676€1010.67%
 
Sparkasse Bank logo
Sparkasse Bank: Travel Money EUR→AED
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:3.6760 (9.77% from mid-rate)
To Amount (AED) د.إ3,639.24
Total Cost:10.67%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 01/17/2020 - See full table

EUR and AED in the Markets

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

Euro (EUR)

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

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.

Read more in the article EUR Forecasts.

 

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.

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