Expats in UAE to remit or hold? Philippine peso, Indian rupee to rise, Pakistani rupee to hold steady in July

Expats in UAE to remit or hold? Philippine peso, Indian rupee to rise, Pakistani rupee to hold steady in July

Dubai: Remittances from the UAE were seeing an uptick as several, particularly South Asian currencies, lost a bit of momentum and recorded remittance-beneficial rates in the past few weeks. But will the currency trend continue in the coming month? While the Pakistani rupee is expected to stay steady against the UAE dirham, the Philippine peso and the Indian rupee are seen strengthening further in the weeks to come. Here’s how you can take advantage of these remittance-beneficial rates and when. When it comes to sending money back home, it is vital to know whether it is currently an ideal time to remit. To understand whether it is or isn’t, one should first find out if your currency back home is expected to rise or fall in the days to come. Check live forex rates . Here is an analysis of how the aforementioned currencies have been performing and expected to perform in the coming weeks and month, to help understand whether remitting money now is profitable or cost-effective, or should you wait it out for a few weeks for a better rate to come along. With the Indian rupee currently at 22.34 to the UAE dirham, the currency was at