Philippine peso to drop by July-end: Do Filipinos in UAE postpone remittances?

Dubai: Planning to send money to the Philippines soon? You might want to hold off just a little longer. According to fresh currency forecasts, the Philippine peso is expected to weaken further by the end of July, making your remittances from the UAE go further.

"The peso is seen dropping to around 15.54 per dirham by late July," says Amir Saoud, a UAE-based forex market analyst. "It could even hit 15.74 later, but the best indicator will come by month-end."

At the start of July, the peso was trading at 15.34 against the UAE dirham, and 56.30 to the US dollar. But currency models now show a continued slide, which is good news for overseas Filipino workers (OFWs) in the UAE – as a weaker peso means more pesos for every dirham you send home.

Every dirham counts when you're sending money back home. And with the peso forecast to hit its lowest levels this month, you could unlock more value simply by timing your remittance right.

Remittance tip: The bigger the gap between the dirham and the peso, the more your family back home receives. If the peso weakens further to 15.54 or more, your remittance could stretch significantly farther.

If you’re not facing urgent bills or deadlines, consider delaying your next transfer until the end of July. Analysts say this could be one of the most remittance-friendly windows this summer.

But remember – currency markets can shift quickly. Keep an eye on forex updates and use trusted platforms to track real-time rates before sending.

Bottom line? The Philippine peso is on a weakening trend, and by remitting later this month, you may be able to send more pesos home without spending more dirhams.

Check. Wait. Send smart. That’s how UAE expats can make the most of this remittance window.