Send money smarter: Remit in May, save on remittances!

Send money smarter: Remit in May, save on remittances!

Dubai: 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 is seen steadying and the Pakistani rupee is seen strengthening against the UAE dirham in the coming weeks.

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

Will your currency back home rise or fall in May?

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 soon, remit then

Image Credit: Reuters

The peso was at 15.7 to the UAE dirham and at 57.7 against the US