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

A comparison of providers offering services between the United Arab Emirates and Cyprus is paramount. Based on your specific transfer amount, the best way to send money to Cyprus could change. Comparing ensures the best price for your needs.

For services allowing you to send UAE Dirham to Cyprus we've compared 8 providers.

Here are your best money transfer options for sending money from the United Arab Emirates to Cyprus

• Wise is our recommended way to send UAE Dirham to EUR. Sending 25,000 AED to EUR will cost you .د.إ195.52 in fees, and your recipient will receive 5,855.2 EUR. The delivery time usually is within minutes, but it depends on the day you make the transfer.

• To secure a cheap way to transfer AED to Cyprus, Key Currency is our recommendation. We found that Key Currency fees were 0 AED per transfer, and customers would expect an exchange rate between AED-EUR that is 0.25% different to the mid-market rate

• Fastest way to send money to Cyprus from the United Arab Emirates is with Wise. If you send .د.إ25,000 with Wise to Cyprus, the transfer time is within minutes. This is currently the fastest option, but can vary depending on how much AED you send to Cyprus.

This coverage of the market ensure you will get the best options for your transfer to Cyprus from the United Arab Emirates.

Overall, we rated Wise as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from the United Arab Emirates to Cyprus.

A better exchange rate means more UAE Dirham being sent to Cyprus. This exchange rate determines the price you will pay when buying Euro.

Currently the mid-market rate between UAE Dirham and Euro is 0.236.

Fees and exchange rates make up the total cost of sending money from Cyprus to Cyprus. Finding a company that can offer both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: The current AED-EUR mid-market rate is 0.236 EUR per UAE Dirham. You will get more Euro for your UAE Dirhams if you find a provider close to this number.

• Fees: Transfer fees are charged as part of the transfer. Key Currency charges the lowest fee of 0 AED at the moment. We’d always recommend comparing providers for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount of Euro eventually received in Cyprus. You can assume that a lower cost of sending from the United Arab Emirates will result in more money received in Cyprus.

Sometimes, waiting a day or two can help you get more EUR for the same amount of UAE Dirham - but time it wrong and you might get a worse deal.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between the United Arab Emirates and Cyprus.

A bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from the United Arab Emirates to Cyprus at this moment.

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

Bank transfers

Bank transfers are usually the best and easiest way to send money from the United Arab Emirates to Cyprus.

By using a money transfer company such as Key Currency for transfers from the United Arab Emirates to Cyprus, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

Debit and prepaid cards

Sending money from the United Arab Emirates to Cyprus with a debit or a prepaid card is available through .


is one of the cheaper options for debit card payments for transfers from the United Arab Emirates to Cyprus. This cost is against a total of 8 money transfer companies offering this option.

Credit cards

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

Transfer limits to the United Arab Emirates and Cyprus will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different AED-EUR transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to Cyprus, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of AED to Cyprus we'd recommend using Wise. They offer a combination of rates and fees when sending from the United Arab Emirates to Cyprus that is the most competitive.

There are different ways to receive money in Cyprus.

The most popular ways are direct bank deposit into Euro, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers offering money transfers between the United Arab Emirates and Cyprus will offer every method for incoming Euro.

Understanding where the money will eventually go after its left the United Arab Emirates and entered Cyprus could impact the provider you use.

The most common (and generally easiest) way to send money from the United Arab Emirates to Cyprus is directly into a bank account. Wise is the best company for sending money from the United Arab Emirates to a bank account in Cyprus.

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

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending Euros to Cyprus, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in the United Arab Emirates ID can be verified through a government issued ID such as a passport or driver's license.

In Cyprus, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between the United Arab Emirates and Cyprus, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

Wise is one of our recommended providers for transfers to Cyprus from the United Arab Emirates due to the ease of sign up and ID verification.

When sending money between United Arab Emirates and Cyprus there will be tax declarations to consider.

Some transfers into Euro may need to be reported to tax authorities in Cyprus, particularly where inheritance or property purchases are involved (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in Cyprus.

When in doubt, please contact a tax professional in the United Arab Emirates or Cyprus to discuss the personal circumstances of the transfer. This ensures you are not missing any specific tax declarations associated with your circumstances.