Remit? Indian, Pakistani rupee to steady, Philippine peso to be up this month

Remit? Indian, Pakistani rupee to steady, Philippine peso to be up this month

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 (hyperlink).

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.

Pakistani rupee to edge up before steadying, remit now

According to research, the Pakistani rupee value is expected to rise the most in value to 76.25 by the end of December against the UAE dirham, from the current levels.

Image Credit: Reuters

The exchange rate of the Pakistan rupee was at 284.2 against the US dollar (77.39 versus UAE dirham), and is expected to strengthen slightly as soon as next week, so while it may profit to remit this week, as rates are largely at current levels in December, it wouldn’t make much difference.

According to