Corridor Economics
The EUR/AED corridor: what your bank isn't telling you about the 4.5% spread
The AED has been pegged to the USD since 1997 at 3.6725. That's the only fixed number in this corridor. Everything else — the spread your bank quotes, the fees hidden in the wire, the timing of your euro-to-dirham conversion — is negotiable. Most mid-market CFOs never learn that.
8 min read