UPDATE

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

Quick look at current exchange rates - as of October 6 - against the UAE dirham

Last updated:
Nivetha Dayanand, Assistant Business Editor and Justin Varghese, Your Money Editor
When it comes to sending money back home, it is vital to know whether it is currently an ideal time to remit. Picture used for illustrative purposes.
When it comes to sending money back home, it is vital to know whether it is currently an ideal time to remit. Picture used for illustrative purposes.
Gulf News Archives

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

Nivetha Dayanand
Nivetha DayanandAssistant Business Editor
Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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