Dubai : UAE residents sending money to India, Pakistan, or the Philippines continue to enjoy favourable exchange rates as Asian currencies stay soft against the dirham. The trend is offering expatriates higher remittance value despite recent market volatility.
As of Tuesday, the Indian rupee traded at 24.09, the Pakistani rupee at 76.67, and the Philippine peso at 15.95, all unchanged from the previous day. These steady but weaker levels have prompted many workers to weigh whether to transfer funds now or wait for possible further dips.
Analysts note that regional currencies remain under pressure due to global interest rate expectations and oil price fluctuations, which continue to influence Gulf exchange movements. For now, UAE remitters are enjoying a brief window of stronger purchasing power at home.
