Dubai: Asian currencies remain soft against the UAE dirham, giving expatriates in the Emirates better value for remittances this week.
The Indian rupee, Pakistani rupee, and Philippine peso all stayed near multi-week lows, prompting many UAE-based workers to reassess whether to send money home now or wait for further changes in the forex market.
Exchange rates as of October 22:
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Indian rupee: 23.83 per dirham (unchanged)
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Pakistani rupee: 76.67 per dirham (unchanged)
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Philippine peso: 15.81 per dirham (slightly weaker from 15.79)
The trend reflects global currency pressures and offers remittance-beneficial rates for households sending funds to India, Pakistan, and the Philippines.
