United Arab Emirates Dirham
|FX Spot||FX Forward|
|Delivery date: T; T+1; T+2||Maximum maturity: 12 months|
|Liquidity: Good||Liquidity: Good|
There are no special restrictions on the purchase and sale of AEDs.
Due to the indexation of the AED to the USD, the evolution of the EUR/AED is perfectly correlated with that of the EUR/USD.
|Public Holidays 2018 (subject to change)|
|New Year’s Day||1 January||Eid Al Adha Holiday||22-23 August|
|Israa & Miaraj Night||13 April||Hijri New Year’s Day||11 September|
|Eid Al Fitr Holiday||14 June||Prophet Mohammed’s Birthday||20 November|
|Eid Al Fitr||15 June||Martyrs’ Day||30 November|
|Arafat (Haj) Day||20 August||UAE National Day||2-3 December|
|Eid al Adha||21 August|