Quick look at current exchange rates - as of September 17 - against the UAE dirham
Dubai: 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 is hovering around the ₹26.15 levels against the dirham, making it 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.
The Philippine peso has been trading between 17.01 to 17.05 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. (Check live forex rates here)
Current exchange rates as of 8:15 am on September 17:
Indian rupee: 26.15, slightly weaker compared to yesterday's 26.12.
Pakistani rupee: 75.8, unchanged from yesterday's levels.
Philippine peso: 17.04, slightly weaker compared to yesterday's 17.01.
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