Send money home smarter: Score savings as Philippine peso to drop further in June!

Send money home smarter: Score savings as Philippine peso to drop further in June!

Dubai: Good news! Sending money from the UAE to select countries just got more financially savvy! Here's the deal!

Among popular South Asian currencies, the Philippine peso is seen weakening, while the Indian rupee and the Pakistani rupee are expected to stay largely unchanged against the UAE dirham in the coming weeks.

Ready to leverage these remittance-friendly rates? Here's what to do…

Will your currency back home rise or fall in June?

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.

Here is an analysis of how the 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.

Philippine peso value to weaken more in three weeks, remit then

Image Credit: Reuters

The peso was at 15.92 to the UAE dirham and at