Cambiator does not recommend selling United Arab Emirates Dirhams to euros at the airport. This should be your last alternative, as it is the most expensive.
We also do not recommend doing a United Arab Emirates Dirham to euro currency exchange in a Spanish bank since almost all Spanish banks charge you a three per cent commission, with a minimum (whichever is higher) quantity of 6 to 10 euros. Unless you are able to discuss with them removing this fee.
Knowing the best exchange rate for the dirhams AED with respect to the euro every day in Spain, is easy.
Firstly, we advise you to not belive in the prices of the currency converters that appear on the Internet. These rates are for foerign currency but not for notes. Additionally, they are reserved for banks. The rates you are charged as an individual are less competitive.
The second thing you should do is look at the direct United Arab Emirates Dirham to euro exchange rate (that 0.991 with more or less digits that you see advertised everywhere and that varies constantly).
The higher that number is, the more euros you will obtain for every United Arab Emirates Dirham you give in.
For that reason, the best exchange price will be the higher exchange rate. Cambiator makes it easy for you to obtain the best AED-EUR exchange rate. Our results page orders Euro offers from highest to lowest rate of the day in five currency providers, banks and airports in Spain.
When you return from your trip, you can change your exceeding currency, only notes not coins, (dirhams in this caseat your bank or your closest holiday money provider.
Check the AED-EUR prices first and do a comparison on our website to find out the most interesting supplier. If you go to your bank, take into account that your bank will charge you, another time, a fee near to 3per cent with a minimum of 6 to 9 Euros (the largest of the two).
Absolutely. You can change your dirhams from UAE for euros in the online store of a travel money supplier that has an online resevation service.
Additionally, they will offer you the possibility of booking online and picking your euros at one of their stores.
Bear in mind that prices vary daily so it will be necessary to book online the same day you will go to the store to sell your PEPEGILLO2 in exchange for euros.
Yes, it is. If you need to block the United Arab Emirates Dirham to euro rate you see on our result page. But also if you need to ensure that the foreign currency supplier will not impose on you a commission.
In Spain there are some foreign currency suppliers with a bad reputation who charge their users a remarkable commission when changing dirhams from UAE to euros directly from their stores without having previously booked on their website.
To understand how currency exchange works, think of any retail shop that sells a product to you as a consumer. The supplier buys wares from a supplier called a wholesaler at a purchase price, to which it adds a profit margin.
The difference between the consumer price at which the consumer buys in that shop (eg your United Arab Emirates Dirhams) and what it cost the store to get those United Arab Emirates Dirhams is the benefit it obtains in that foreign exchange.
But there is a difference in currency exchange with other activities. In general, foreign currency notes (United Arab Emirates Dirhams in this case) pass on from consumer to consumer, that is, they are not consumed.
Therefore, it may be the case that a bank or currency supplier obtains United Arab Emirates Dirhams from a traveler travelling to Spain (earning a margin) and those same United Arab Emirates Dirhams pass into your hands when you get that currency (new profit margin).
The median amount of the average traveler who sells United Arab Emirates Dirhams to Euros is the equivalent in euros to seven hundred €, which is a quantity that falls within the limits of the currency suppliers that operate with tourists in Spain.
The higher the quantity in euros of your United Arab Emirates Dirhams to change, the higher the probability that you will be asked for your business activity data additionally to your identity document or passport.
The common thing is that the currency supplier where you will change your dirhams AED to euros will ask you to provide a valid and current identity card (resident´s ID card (DNI or NIE) or passport in Spain). Bear in mind that the driver's license is not normally accepted as a valid ID.
On the other end banks will not usually request any ID from their customers who sell dirhams AED to euros with them for they will already have identified them at the time of opening a bank account with them.
In Spain you can sell dirhams for euros primarily at currency suppliers or at your bank. As a rule banks apply a fixed commission oscillating between 2.5% and 3% with a minimum of 6 to 10 euros for each currency you do with them.
This applies when you obtain foreign currency and when you change back your surplus to euros. This means that if you convert the equivalent of 100 euros from dirhams to euros, additionally to the United Arab Emirates Dirham to euro exchange rate of the day, you will be charged between 6 and 10 additional euros as commission. Currency suppliers that advertise no commission are more interesting since they do not impose you this fee.
Cambiator shows you the United Arab Emirates Dirham to euro exchange prices of the day and sorts them from most to least interesting to help you choose well where to change your dirhams to euros.
There isn´t a best time to sell dirhams AED to euros because the AED-EUR prices change all the time depending on the strengths of the economies of the Euro countries with respect to the countries that use dirhams AED.
It is, however, recommended to be informed about events like Brexit, major sporting events or armed conflicts, where the price of a currency can vary upwards or downwards with respect to the Euro.
Although no one can know how the United Arab Emirates Dirham to euro prices will evolve at Cambiator we help you to sell dirhams AED to euros at the best prices of the day in Spain.
Best rate of the day (change currency to euros)