GOLD/FOREX
DUBAI 23°C
PRAYER TIMES
YOUR MONEY
YOUR MONEY
Your Money /
Saving and Investment

Indian rupee, Pakistani rupee and Philippine peso stay soft, lifting dirham value for expats. Remit now?

Quick look at current exchange rates - as of March 9 - against the UAE dirham

Last updated:
Nivetha Dayanand, Assistant Business Editor
1 MIN READ
Add as a preferred source on Google
Planning on remitting Indian rupee, Pakistan rupee or Philippine peso? Here’s how you can take advantage of remittance-beneficial rates and when.
Planning on remitting Indian rupee, Pakistan rupee or Philippine peso? Here’s how you can take advantage of remittance-beneficial rates and when.
AFP

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 recently touched a new low of ₹25.04 against the dirham, opening up one of the strongest transfer windows for Indian expats. Exchange houses say many families are splitting their transfers, sending part now and holding the rest in case rates move further.

Peso slips amid political and economic strain

The Philippine peso has been trading between 15.87 and 16.17 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 8:12 am on March 9:

  • Indian rupee: 25.03, slightly weaker compared to yesterday's 24.85.

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

  • Philippine peso: 16.17, slightly weaker compared to yesterday's 15.99.

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.
Show More
Related Topics:
PakistanIndian RupeeindiaPhilippinesPhilippine pesoUAE remittance

Get Updates on Topics You Choose

By signing up, you agree to our Privacy Policy and Terms of Use.
Up Next

Related Stories

Philippine peso

Filipino workers in UAE gain more sending money home

3m read
Exchange houses say many families are splitting their transfers, sending part now and holding the rest in case rates move further.

Rupee slides past 25 against UAE dirham. Time to remit?

3m read
The airspace ban was first imposed on April 24 following the Pahalgam attack.

Pakistan again extends airspace ban on Indian aircraft

1m read
Planning on remitting Indian rupee, Pakistan rupee or Philippine peso? Here’s how you can take advantage of remittance-beneficial rates and when.

Indian rupee slides to record low. Remit now?

3m read