Indian rupee, Pakistani rupee and Philippine peso remain soft, boosting dirham for expats. Remit now?

05/05/2026 05:07 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 ?25.93 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 8:12 am on May 5:

Indian rupee: 25.82, slightly weaker compared to yesterday's 25.8.

Pakistani rupee: 76.65, unchanged from yesterday's levels.

Philippine peso: 16.74, slightly weaker compared to yesterday's 16.7.


Gulfnews

Most Viewed Companies

Ticker Price Volume

Exchange Rate against US Dollar

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

Recent News

Bitcoin tests $80,000 breakout as ETF inflows surge

05/05/2026

Bitcoin is mounting a fresh assault on the $80,000 level as strong inflows into exchange-traded funds (ETFs) revive institutional momentum, though analysts caution the rally still needs a decisive br

Khaleej Times

Iran's currency plunges to record low as war takes its toll

30/04/2026

Iran's national rial currency hit a record low of 1.8 million to the US dollar on Wednesday as the Middle East war took its toll on an already crumbling economy.

The fall in value in the pas

AP

Dollar Gains as Iran War Keeps Central Banks in Wait-and-see Mode

23/04/2026

The dollar edged up against the euro on Wednesday on lingering concerns about the ongoing US-Israeli war with Iran, even after President Donald Trump extended the ceasefire to give Tehran more time t

Asharq Al Awsat

UAE expats remit more in Q1 due to favourable exchange rates

22/04/2026

Remittances from the UAE have remained largely steady in the first quarter of 2026, with a slight increase to some countries due to favourable exchaRemittances from the UAE have remained largely stea

Khaleej Times

Dollar Drops as Iran Ceasefire Prompts risk-on Turn for Markets

08/04/2026

The dollar sank to its lowest level in a month while the euro, yen, Aussie and sterling rallied hard in Asian trading on Wednesday after US President Donald Trump said he had agreed to a two-week cea

Asharq Al Awsat

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap