Soft Asian currencies are actively bleeding value on global markets. This financial collapse gives UAE expatriates massive leverage for their remittances. The Indian Rupee recently crashed to a historic low. It hit a devastating ₹26.08 against the powerful UAE Dirham. The Pakistani Rupee remains stagnant and weak at 76 against the Dirham. The Philippine Peso continues to fluctuate poorly against major global currencies. Working expats are frantically cashing in on their home countries' economic misery.

Playing the Volatile Currency Market

Global pressures and political strain continue to crush these developing economies. The US dollar heavily manipulates these international exchange rates. Because the Dirham pegs to the dollar, UAE workers reap the benefits. Exchange houses report a massive surge in split money transfers. Families are sending half their savings home immediately to secure the rate. They hoard the remaining cash, hoping their home currency crashes even further. It is a brutal financial game played by desperate migrant workers.

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