If you’re planning to send money back home to the Philippines, you might want to keep an eye on the exchange rate of the UAE Dirham (AED) to Philippine Peso (PHP). According to LM Exchange, our remittance partner, as of today, August 29, 2023, AED1 is equivalent to PHP 15.42. This is a slight uptick from yesterday’s rate, which stood at PHP 15.40 for AED1.
Such small changes in the exchange rate may not seem significant on the surface, but for those regularly sending money back home, every centavo counts. Over time, these marginal fluctuations can add up, potentially making a substantial difference to the amount that your loved ones receive.
If you are in the process of making remittance decisions, this could be a moment to act. And for those who send money back to the Philippines regularly, keeping an eye on these daily fluctuations is crucial for maximizing the value of your hard-earned money.
To stay updated on the latest AED to PHP exchange rates, and other financial news that impacts the Filipino community in the UAE and around the world, visit theglobalfilipinomagazine.com. You can also follow us on Facebook, Instagram, and YouTube for real-time updates and other valuable information.