Borsat Al Khaleej Live Support
Leave a message and our representative will contact you soon
08/06/2026 05:39 AST
Soft Asian currencies continue to give UAE expatriates more value for every dirham they send home, with the Indian rupee, Philippine peso and Pakistani rupee all trading near some of their weakest levels in recent years.
The Indian rupee recently touched a new low of ?26.08 against the dirham, opening up one of the strongest transfer windows for Indian expats. Exchange houses say many families are splitting their transfers, sending part now and holding the rest in case rates move further.
Peso slips amid political and economic strain
The Philippine peso has been trading between 16 and 16.48 against the dirham. The move reflects a combination of global pressures that have pushed the peso weaker against major currencies, particularly the US dollar, which indirectly influences the dirham because of its dollar peg.
For now, favourable rates are prompting households to reassess strategy, deciding whether to lock in current levels or wait for another shift in the market.
Current exchange rates as of 8:33 am on June 8:
Indian rupee: 25.87, slightly weaker compared to yesterday's 25.76.
Pakistani rupee: 76, unchanged from yesterday's levels.
Philippine peso: 16.73, slightly weaker compared to yesterday's 16.67.
Gulfnews
| Ticker | Price | Volume |
|---|
| US Dollar | 1.00 |
| Euro | 0.88 |
| British Pound | 0.77 |
| Japanese Yen | 113.21 |
| Saudi Riyal | 3.75 |
| Kuwaiti Dinar | 0.30 |
| Derham Emirati | 3.67 |
| Bahraini Dinar | 0.38 |
| Omani Riyal | 0.39 |
| Qatari Riyal | 3.67 |
12/06/2026
Bitcoin's steep slide from record highs has reignited fears of another prolonged crypto winter, but market analysts argue that the current downturn is fundamentally different from previous collapses
Khaleej Times
11/06/2026
THE dollar eased yesterday after data showed US consumer inflation rose to its highest level in three years in May, though the reading was in line with economists' expectations, marginally reducing t
GDN Online
09/06/2026
Rising dollar volatility is endangering a currency-trading strategy that had been a steady winner in recent months.
The carry trade - borrowing where interest rates are low and investing whe
Bloomberg
09/06/2026
Bitcoin's return to the $60,000 level has exposed a striking shift in institutional investor behaviour, raising fresh questions about whether the world's largest cryptocurrency is entering a prolonge
Khaleej Times
25/05/2026
For decades, the global oil market operated on a relatively simple assumption: crude oil flows through the world economy in US dollars, and that system helps anchor American financial power. The Iran
Gulfnews