Current exchange rates versus the UAE dirham — February 26 update.
Dubai: Weakness in key Asian currencies is giving UAE expatriates more value for every dirham they remit. The Indian rupee, Philippine peso, and Pakistani rupee are all trading near multi-year lows.
Indian rupee hits new low
The Indian rupee recently fell to a fresh low of ₹24.98 against the dirham, creating one of the strongest remittance windows for Indian expatriates in recent years. Exchange houses report that many families are splitting their transfers—sending part immediately and holding the remainder in case rates shift further.
Peso under pressure amid political and economic strain
The Philippine peso has been trading between 15.87 and 16.13 against the dirham as political uncertainty, slower economic growth, and an expanding corruption probe weigh on market confidence. Traders describe the current period as one of the peso’s most turbulent since 2022.
Currently, favourable rates are prompting families to decide whether to secure transfers now or wait for potential changes in the market.
Current exchange rates against the UAE dirham (as of February 26):
- Indian rupee: 24.69, slightly weaker than yesterday’s 24.68
- Pakistani rupee: 76.67, unchanged from yesterday
- Philippine peso: 15.60, unchanged from yesterday
