Weak rupee, stronger peso affect UAE expat remittances
Quick look at current exchange rates - as of October 8 - against the UAE dirham
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 8:
Indian rupee: 24.10, slightly weaker from yesterday's 24.09
Pakistani rupee: 76.67, unchanged from yesterday's level
Philippine peso: 15.73, slightly stronger from yesterday's 15.76
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