Remit now or wait? UAE expats gain on weaker Indian rupee, Philippine peso

Dubai: Weakness in several Asian currencies is creating a rare remittance windfall for UAE expatriates, with exchange rates lately delivering exceptional value for money sent home.

The critical question for millions of workers: Should you send money now or wait for even better rates?

Recent weeks have seen these currencies hit multi-week lows against the dirham, particularly the Indian rupee, boosting purchasing power for families receiving funds. (Check live forex rates here)

Current exchange rates as of October 6:

• Indian rupee: 24.09, slightly weaker from yesterday's 24.06

• Pakistani rupee: 76.67, unchanged from yesterday's level

• Philippine peso: 15.82, slightly weaker from yesterday's 15.73