How to send money to Austria from UAE with the best AED-EUR rate

The exchange rate determines how many AED the recipient will get in Austria when you send UAE Dirham.

Today, the average exchange rate between UAE Dirham and Euro is 0.2393. The company offering the best exchange rate is Key Currency.

The AED-EUR rate fluctuates constantly, so timing your transfer to Austria can help you save a lot of money.

The total cost of sending money to Austria from the United Arab Emirates is a mix of the mid-market, exchange rates and transfer fees.

• The Mid-Market and Exchange Rates: The mid-market for AED-EUR is 0.2393 EUR per UAE Dirham.

• Fees: When sending money there may be additional fees. Key Currency offers the lowest fee of the 10 providers tested, costing 0 AED per transfer (based on .د.إ25,000 transferred).

• Amount Received: When comparing providers, the best measure is the amount of Euro eventually received in Austria.

Sometimes, waiting a day or two can help you get more EUR for the same amount of AED. You can also opt for a forward contract to lock in rates between the United Arab Emirates and Austria.

A bank transfer is the most cost effective option for sending money from the United Arab Emirates to Austria.

Here are all the ways to send money from United Arab Emirates to Austria:

Bank transfers

The default option for sending money from the United Arab Emirates to Austria is often a bank transfer.

Using a money transfer company, such as Key Currency for transfers from the United Arab Emirates to Austria, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from the United Arab Emirates to Austria with a prepaid or debit card is easy with Taptap Send.


Taptap Send is a leader in accepting card payments for transfers between the United Arab Emirates and Austria.

Credit cards

When it comes to international credit card transfers from the United Arab Emirates to Austria, we recommend comparing your options to get the best deal.

Always choose providers that are regulated by financial authorities to ensure funds are safe when transferring from United Arab Emirates to Austria.

If you don’t know what the key regulatory bodies for money transfers are between the United Arab Emirates and Austria, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer from the United Arab Emirates to Austria. This applies when receiving money in Austria as well.

Different companies will offer different rates or lower fees for different transfer amounts.

For example, we recommend using TorFx if you need to send large amounts of AED to Austria.

This being said, always check with the recipient and understand any declarations needed on large amounts of money leaving the United Arab Emirates, or entering Austria.

There are different ways to receive money in Austria. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account.

If you (or the recipient) want a direct transfer to your bank account, TorFx is the best money transfer company for bank transfers between United Arab Emirates and Austria.

And if you need cash right away, check if cash pickup is an option for transfers between United Arab Emirates and Austria.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Key Currency.

When you're sending or receiving money between the United Arab Emirates and Austria, you have to be ready to show some ID.

The exact documents you need might vary. Usually in the United Arab Emirates this will be a government ID like a passport or driver's license. This will be similar if you need to open an account or collect cash in Austria.

If you're making a big transaction between the United Arab Emirates and Austria, a provider may ask you for proof of address or may want to know where your money comes from.

TorFx is a great option for sending from the United Arab Emirates as the sign up process is pretty straightforward, even for larger transactions.

When sending large amounts of money between the United Arab Emirates to Austria there will be tax implications to consider.

Some AED-EUR transfers may need to be reported to tax authorities, particularly where inheritance or property sales are involved.

Tax limits and personal allowances differ in Austria based on age, income and a few other elements. When in doubt, please contact a tax professional in United Arab Emirates or Austria to discuss your personal circumstances.