Should expats in UAE remit? Indian, Pakistani rupee to drop by mid-January, Philippine peso to rise

Should expats in UAE remit? Indian, Pakistani rupee to drop by mid-January, Philippine peso to rise

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? Not for all currencies. The Indian rupee and the Pakistani rupee are expected to drop in the coming weeks, while the Philippine peso is expected to strenghten. Here’s how you can take advantage of these remittance-beneficial rates and when. Check the . 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. Here is an analysis of how the aforementioned currencies have been performing and expected to perform in the coming week, 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. If a currency is expected to weaken or depreciate, like the above-mentioned currencies in this instance, it's prudent to take advantage of more remittance-friendly rates