Should expats in UAE remit? Indian rupee to stay weak, Philippine peso to fall further, Pakistani rupee to rise

Should expats in UAE remit? Indian rupee to stay weak, Philippine peso to fall further, Pakistani rupee 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? While the Indian rupee is expected to stay against the UAE dirham, Philippine peso is seen weakening further in the weeks to come. On the other hand, Pakistani rupee is seen strengthening by mid-June. 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 20.31 to the UAE dirham, the currency was