Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- UDC reports QR404mn net profit in 2025 on QR1.93bn revenue; proposes 5.5% dividends
- QSE sees successful listing of Qatar's first green sukuk
- Commercial Bank wins 2 accolades at World Finance Digital Banking Awards 2025
- Asian stocks track Wall St rally as Tokyo hits record on Takaichi win
- Gulf Bank and Suffix celebrate the success of 11th Marathon Edition
- NBK-Egypt provides $115m financing for Safaga Terminal Project in Egypt
- Oman's central bank issues treasury bills worth OMR17.48mn
- MSX seen climbing to 7,447 points by end-2026 as rally gathers momentum
- du posts record profit and revenue growth in 2025, lifts dividend to 64 fils
- UAE exempts non-commercial sports entities from corporate tax under new law
10/02/2026 04:26 AST
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 recently touched a new low of ?24.98 against the dirham, opening up 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.
Peso slips amid political and economic strain
The Philippine peso has been trading between 15.87 and 16.13 against the dirham as political pressure, slower growth and a widening corruption probe unsettle market confidence. Traders describe this period as one of the currency's most turbulent phases since 2022.
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.
Current exchange rates as of February 10:
- Indian rupee: 24.61, slightly stronger than yesterday's 24.63
- Pakistani rupee: 76.67, unchanged from yesterday's level
- Philippine peso: 15.86, slightly weaker than yesterday's 15.85
Gulfnews
| Ticker | Price | Volume |
|---|
| US Dollar | 1.00 |
| Euro | 0.88 |
| British Pound | 0.77 |
| Japanese Yen | 113.21 |
| Saudi Riyal | 3.75 |
| Kuwaiti Dinar | 0.30 |
| Derham Emirati | 3.67 |
| Bahraini Dinar | 0.38 |
| Omani Riyal | 0.39 |
| Qatari Riyal | 3.67 |
09/02/2026
The dollar posted its first weekly gain since early January, buoyed by haven demand amid broader market turmoil.
The dollar closed 0.2% higher for the week, even after paring gains on Friday
Bloomberg
06/02/2026
Bitcoin, the world's biggest cryptocurrency, extended its price slump Thursday to trade under $70,000 for the first time since Donald Trump's presidential election victory in November 2024. The digit
AFP
29/01/2026
The dollar struggled to bounce back Wednesday following another selloff fuelled by Donald Trump's suggestion he was happy with the currency's recent decline, while tech firms helped most equity marke
Asharq Al Awsat
28/01/2026
The US dollar hovered near four-year lows on Wednesday as investor confidence in the greenback weakened further after President Donald Trump dismissed concerns over its recent decline, fuelling fresh
Trade Arabia
27/01/2026
The dollar is coming under fire again in the first few turbulent weeks of 2026 as a growing range of factors -- including Washington's desire for a weaker dollar -- prompts a rethink of investors' op
Reuters
Financial Information Co.
Saudi Arabia