Convert United Arab Emirates Dirham To Canadian Dollar
Introduction
The United Arab Emirates Dirham (AED) and the Canadian Dollar (CAD) are two of the most widely used currencies in the world. The AED is the official currency of the United Arab Emirates, while the CAD is the official currency of Canada. If you are planning to travel from the UAE to Canada or simply want to convert your AED to CAD, this article will guide you through the process.
Current Exchange Rate
Before converting your AED to CAD, it is important to know the current exchange rate. As of May 2021, 1 AED is equal to 0.34 CAD. This means that if you want to convert 100 AED to CAD, you will get approximately 34 CAD.
Using Banks to Convert AED to CAD
One of the easiest ways to convert your AED to CAD is by using a bank. Most banks in the UAE offer currency exchange services, and you can easily convert your AED to CAD by visiting your local bank branch. However, it is important to note that banks may charge a commission or a fee for their currency exchange services.
Using Currency Exchange Services
Another way to convert your AED to CAD is by using currency exchange services. There are several currency exchange services available in the UAE, and they offer competitive exchange rates. Some of the popular currency exchange services in the UAE include UAE Exchange, Al Ansari Exchange, and Al Rostamani Exchange.
Using Online Currency Converters
You can also convert your AED to CAD using online currency converters. There are several online currency converters available, and they offer real-time exchange rates. Some of the popular online currency converters include XE, Oanda, and Google Currency Converter.
Factors Affecting the Exchange Rate
Several factors can affect the exchange rate between the AED and CAD. Some of the factors include:
- Political instability
- Economic growth
- Inflation rates
- Interest rates
Conclusion
Converting your AED to CAD is a simple process, and there are several ways to do it. Whether you choose to use a bank, currency exchange service, or online currency converter, it is important to know the current exchange rate and any fees that may be charged. By following the tips in this article, you can easily convert your AED to CAD and enjoy your trip to Canada.