AED Price
12.6484₺ %0.18+0.0228
Last update:
Buy / Sell12.6484 / 12.6484
What Is AED?
AED is one of the foreign currencies most closely tracked daily by investors and companies in Turkey. The AED/TRY rate is set on the free market; the exchange rate data on this page is updated in real time based on banks' buy-sell quotes and free market prices.
When calculating with the AED rate, the difference (spread) between banks' cash/transfer buy and sell rates, as well as the deviation between the CBRT's foreign exchange buy/sell rates and the free market, matters. The values shown on this page are real-time interbank-level prices; your bank may apply a different rate for over-the-counter transactions.
Factors Affecting the AED Rate
- Central Bank of the Republic of Turkey (CBRT) interest rate decisions and monetary policy
- The interest rate path of foreign central banks (Fed, ECB, BoE)
- Current account balance and foreign trade deficit
- Inflation and inflation expectations
- Geopolitical developments and risk appetite
Frequently Asked Questions
- How is the AED rate determined?
- The AED/TRY rate is formed by supply and demand on the free market. CBRT reference rates are indicative; banks and the free market quote their own buy-sell prices.
- What is the difference between the buy and sell rate?
- The buy rate is the price the institution pays when it buys AED from you; the sell rate is the price at which it sells AED to you. The difference (spread) is the institution's margin and is usually narrower on the free market.
- How often does the AED rate change during the day?
- The forex market is open nearly 24/7 (continuously on weekdays); the AED rate can change within seconds. This page refreshes prices at short intervals.
- Which rate is taken as reference?
- For official transactions the CBRT foreign exchange buy/sell rate, for commercial transactions your bank's real-time rate, and for investment the free market price is taken as reference.