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

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.

Sign up for our daily business newsletter, Cheques & Balances.

The Indian rupee recently touched a new low of ₹25.57 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.

Stay updated: Get the latest faster by downloading the Gulf News app - it's completely free. Click here for Apple or here for Android. You can also find it us on the Huawei AppGallery.

Peso slips amid political and economic strain

The Philippine peso has been trading between 16 and 16.36 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 8:29 am on March 27:

• Indian rupee: 25.52, slightly weaker compared to yesterday's 25.45.

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

• Philippine peso: 16.36, slightly weaker compared to yesterday's 16.32.