Remit now? New money exchange rates for India rupee, Pakistan rupee, Philippine peso

Dubai: UAE residents are capitalising on weakening South Asian currencies to maximise their remittances, with exchange rates hitting favourable levels not seen in weeks. Yet, the key question remains - will this trend continue?

For those sending money home, timing is critical. To decide whether now is the right moment, you need to know if your home currency is likely to strengthen or weaken in the coming days.

South Asians — including people from India, Pakistan, and the Philippines — make up nearly 60 per cent of the UAE’s population. This makes it important to track currencies like the rupee and peso closely.

(Check live forex rates here)

Below is a look at the current exchange rates of these currencies - as of September 17 - against the UAE dirham, to help you decide if remitting now is cost-effective or if waiting could bring better value:

• Indian Rupee: 23.91, a slight change from yesterday's 23.83

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

• Philippine Peso: 15.48, slightly stronger from 15.45 yesterday