Indian rupee, Pakistani rupee and Philippine peso stay soft, lifting dirham value for expats. Should you remit now?
Quick look at current exchange rates - as of September 18 - against the UAE dirham
Dubai: Soft Asian currencies continue to give UAE expatriates more value for every dirham they send home, with the Indian rupee, Philippine peso and Pakistani rupee all trading near some of their weakest levels in recent years.
The Indian rupee has opened around ₹26 levels against the dirham, cooling off a bit but still at elevated levels for those looking to remit now. Exchange houses say many families are splitting their transfers, sending part now and holding the rest in case rates move further.
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Peso slips amid political and economic strain
The Philippine peso has been trading at 17 levels against the dirham. The move reflects a combination of global pressures that have pushed the peso weaker against major currencies, particularly the US dollar, which indirectly influences the dirham because of its dollar peg.
For now, favourable rates are prompting households to reassess strategy, deciding whether to lock in current levels or wait for another shift in the market. (Check live forex rates here)
Current exchange rates as of 8:00 am on September 18:
Indian rupee: 26.0, slightly stronger compared to yesterday's 26.12.
Pakistani rupee: 75.8, unchanged from yesterday's levels.
Philippine peso: 17.0 slightly stronger compared to yesterday's 17.01.
