If you’re one of the many Filipinos in the UAE sending money back to the Philippines, it’s important to stay updated on the latest exchange rates. As of today, August 30, 2023, the exchange rate of 1 UAE Dirham (AED) is equal to 15.42 Philippine Pesos (PHP), as reported by our remittance partner, LM Exchange.
This rate shows a small but consistent rise from yesterday’s rate of AED1 to PHP 15.40. While the increase may appear negligible, those who regularly send remittances know that even minor fluctuations can add up over time, ultimately affecting the amount received by family and friends back home.
For individuals considering sending money today, this marginal uptick may be a signal to proceed with your remittance plans. Even small changes like this could lead to a more favorable outcome in the long run.
To keep abreast of daily exchange rates, as well as other financial news impacting the Filipino community in the UAE and globally, continue to visit theglobalfilipinomagazine.com. We are also active on social media platforms like Facebook, Instagram, and YouTube where we provide real-time updates and valuable financial advice.
For those who send money to the Philippines regularly, staying vigilant about these rates ensures you’re getting the most out of every centavo of your hard-earned income.