UPDATE

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

Quick look at current exchange rates - as of October 3 - against the UAE dirham

Last updated:
Nivetha Dayanand, Assistant Business Editor
1 MIN READ
When it comes to sending money back home, it is vital to know whether it is currently an ideal time to remit.
When it comes to sending money back home, it is vital to know whether it is currently an ideal time to remit.
Gulf News Archive

Dubai: Weak Asian currencies are creating a remittance windfall for UAE expatriates, with exchange rates delivering exceptional value for money transfers back 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 3:

  • Indian rupee: 24.04, unchanged from yesterday's level

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

  • Philippine peso: 15.76, unchanged from yesterday's level

Nivetha Dayanand
Nivetha DayanandAssistant Business Editor
Nivetha Dayanand is Assistant Business Editor at Gulf News, where she spends her days unpacking money, markets, aviation, and the big shifts shaping life in the Gulf. Before returning to Gulf News, she launched Finance Middle East, complete with a podcast and video series. Her reporting has taken her from breaking spot news to long-form features and high-profile interviews. Nivetha has interviewed Prince Khaled bin Alwaleed Al Saud, Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu, IMF’s Jihad Azour, and a long list of CEOs, regulators, and founders who are reshaping the region’s economy. An Erasmus Mundus journalism alum, Nivetha has shared classrooms and newsrooms with journalists from more than 40 countries, which probably explains her weakness for data, context, and a good follow-up question. When she is away from her keyboard (AFK), you are most likely to find her at the gym with an Eminem playlist, bingeing One Piece, or exploring games on her PS5.

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