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
Bitcoin's 'mild crypto winter' may thaw by late 2026 as AI boom diverts capital

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

Dollar eases as yen remains weak

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

Rising dollar swings threaten to upend resilient carry trades

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

Bitcoin's slide to $60,000 sparks biggest ETF exodus

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

Petrodollar isn't collapsing - but Iran war is exposing its limits

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