As we step into a new month and just a day after many Filipinos in the UAE received their payday salaries, those contemplating sending remittances to the Philippines will want to take note of another small shift in the exchange rate. According to our trusted remittance partner, LM Exchange, 1 UAE Dirham (AED) is now worth 15.36 Philippine Pesos (PHP) as of today, September 1, 2023.
This rate reflects a slight decline from yesterday’s rate of 15.40 PHP for 1 AED. While these minor fluctuations may seem insignificant, they can cumulatively impact the amount that family and friends back in the Philippines receive, especially for those who are sending money regularly.
For those who received their payday salaries and are now looking to remit money, this continual dip in the rate could be an essential factor to consider in your remittance decisions.
Being attentive to these daily changes is crucial for those who aim to maximize the value of their hard-earned money. For the latest on AED to PHP exchange rates and other financial news that could affect the Filipino community in the UAE and globally, keep an eye on theglobalfilipinomagazine.com. You can also follow us on Facebook, Instagram, and YouTube for real-time financial updates and advice.