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

An exchange rate determines the price you will pay when buying Euro. A better exchange rate means more money reaching the recipient in Spain.

The current rate between the UAE Dirham and Euro is 0.2393. With the AED-EUR exchange rate changing almost constantly, it pays to know the averages to get a better deal.

The total cost of sending money to Spain from the United Arab Emirates, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.

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

• Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Key Currency, cahrges 0 AED per transfer, which is currently the cheapest option. Although you should search for your send amount for actual fees.

• Amount Received: Money transfer companies will show you the amount of Euro eventually received in Spain.

A better option is to use a forward contract can also allows you to lock in an agreed exchange rate between the United Arab Emirates and Spain.

Paying via bank transfer is the payment method that will get you the best price with a money transfer company. When sending money from the United Arab Emirates to Spain.

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

Bank transfers

A bank transfer is often the default option for money transfers from the United Arab Emirates to Spain.

By using a money transfer company such as Key Currency to send money from the United Arab Emirates to Spain, you can while benefit from lower fees and more favorable exchange rates than a bank would offer. 


Debit and prepaid cards

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


Taptap Send is a great choice for sending money with a debit card from the United Arab Emirates to Spain. This is from the 10 money transfer companies compared.

Credit cards

When it comes to credit card money transfers from the United Arab Emirates to Spain there aren't that many options, mainly because it's more expensive.

If you have to, we recommend running a quick comparison to get the best deal on EUR

Companies offering money transfers between the United Arab Emirates and Spain have minimum or maximum thresholds on how much money you can send.

Rates and fees for different transfer amounts could change if you pass a threshold - that’s why it’s best to compare AED-EUR rates for your specific transfer amount.

For regular transfers from the United Arab Emirates to Spain, shopping around each time can make a huge difference.

We’ve recommended TorFx for sending AED to Spain, because of their combination of rates and fees when sending from the United Arab Emirates to Spain that is the most competitive, even at larger amounts.

Check with the recipient and understand any declarations needed on large amounts of money entering Spain from the United Arab Emirates.

There are different ways to receive Euro in Spain. The most popular options are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

All providers work differently and not all offering transfers from the United Arab Emirates to Spain support every method for receiving Euro so it’s best to check ahead of time.

Sending directly to a bank account in Spain is one of the most common ways to receive money from the United Arab Emirates. For most part, this is convenient but does have receiving fees to potentially be aware of.

TorFx is the best company for bank transfers between the United Arab Emirates and Spain.

Cash pickup is popular in Spain, but not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Zelle, and CashApp are popular because of convenience. They come with more limitations and higher costs compared to money transfer providers like Taptap Send, and are recommended for domestic payments only.

When sending Euro to Spain, you will need to verify your ID with your chosen money transfer company.

The documents you need will vary and in some cases you might need more than one.

For the most part, accepted IDs in the United Arab Emirates include government issued IDs such as passports or driver's licenses. If the recipient needs an ID to collect money in Spain, the options are similar.

Large transactions between United Arab Emirates and Spain can be subject to additional checks such as proof of funds for anti-money laundering purposes. These won’t be needing when signing up, but will be need ahead of any transfer.

One of the reasons TorFx has scored so highly for transfers to Spain is their easy sign up process in the United Arab Emirates.

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

Some transfers into Euro may need to be reported to tax authorities in Spain and the United Arab Emirates, depending on size and particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Spain based on age, income and a few other elements - such as whether the funds are a gift. Tax law can be confusing, when in doubt, please contact a tax professional in the United Arab Emirates or Spain to discuss your personal circumstances to ensure you are not missing any specific tax declarations associated with your international money transfer.