How to Get the Best Exchange Rates from Dubai to the Philippines
If you’re in Dubai and want to send money to Philippines, then every fraction of the peso (PHP) counts. Whether you are supporting your family, settling your tuition fees or sending remittance, a good exchange rate and low transfer fees can go a long way.
In this regard, this guide will explain how to make the most of what the recipient receives, why to avoid the most common pitfalls and why Global Exchange UAE could be the most intelligent choice.
- Get the Dynamics of the AED PHP Exchange Rate.
Understand what determines the number of pesos (PHP) the recipient will be left with before you move a single dirham (AED).
- Market rates vs marked-up rates:
- Supply & demand, inflation, and economic indicators:
- Timing matters:
The interbank or “mid-market” rate is what you would see in the exchange of funds between two large financial institutions. However, as a person, providers always include a margin or mark-up to cover overhead and profit. The trick is finding one with as low a margin as possible.
UAE has rather stable inflation, and the economic, political, and inflation fluctuation in the Philippines can lead to changes in the PHP side. When PHP is underperforming, there could be room in which AED would perform better.
Rates fluctuate on a daily, even hourly basis. Do not send money when there is known volatility (e.g. immediately after some significant political/economic news in one country or the other). Furthermore, liquidity and rates are occasionally influenced by weekends, holidays and end/beginning of financial quarters.
- Compare Transfer Methods & Fees.
High charges even with a good rate will binge on your remittance. So always compare:
- Banks vs Money Transfer Operators (MTOs):
- Online remittance providers:
- Cash-pickup vs Bank Deposit vs Mobile Wallet:
- Hidden fees:
Banks are considered to be more secure in terms of reputation, yet most of them are more expensive and their exchange rates are low.
Wise, Remitly, Xoom, etc. will have clearer charges and in other cases more competitive rates than banks.
In some cases when your recipient has no bank, cash pickup may be the best choice – however pickup services may impose a fee, or may not offer such good exchange rates. If possible, bank deposits or mobile wallets are cheaper.
Ask about correspondent bank fees (for wire transfers), receiving bank fees (in the Philippines), delays, and whether there are fees for expedited service.
Choosing a reliable money exchange in Dubai to Philippines can make a huge difference in how much value your family actually receives.
- Tips and Tricks: Getting More Peso out of every Dirham.
Here are practical hacks:
- Send bigger amounts less often:
- Monitor promotions:
- Hire licensed, regulated providers:
- Negotiation of rate where possible:
- Check real-time rates before sending:
- Don’t do it at airports or tourist kiosks:
Some service providers have flat fees that are accompanied by a percentage; sending in bulk reduces duplicated base fees.
Remittance services sometimes offer a period of fee-waiver or bonus rates for new customers.
They’re less likely to hide fees or give bait-and-switch rates.
Licensed exchange houses (or remittance houses) can be better where the sum of money is large.
Even a small change can cost or save you hundreds of pesos.
They usually offer bad rates or significant mark ups.
- Do Not Do the following Mistakes When You Remit Money to Philippines.
When people send money to Philippine from UAE incorrectly, most lose value because of:
- Failure to compare exchange rates properly.
- Overlooking bank or hidden charges.
- Making use of unlicensed or unknown remitters.
- Without complete recipient information (causes delay or fees)
- Selecting slow means of speed that are more expensive.
- Why Select Global Exchange UAE.
Here’re few reasons why we’re the best in the industry:
- a. Zero Commission and Open Pricing:
- b. Multiple Transfer Options + Services
- Bank transfers
- Cash pickup
- Mobile wallets (including GCash)
- Online remittance / digital options
- c. Controlled, Secure and Customer-Friendly Support
We don’t charge commissions on the exchange of currency. That means one major source of cost gets eliminated up front. Also, our pricing is claimed to be competitive, without “price inflation.” Plus, we emphasize transparency – you’ll know the exchange rate, service fees, any required documentation up front.
If you are planning to send money to Philippines, Global Exchange offers several methods:
This flexibility is a big plus, because depending on location in the Philippines, certain methods might be much faster or cheaper. Also, having options helps you choose what best suits you and the recipient.
Global Exchange is registered and controlled by the corresponding authorities in the UAE. We are licensed and regulated by the Central Bank of the UAE. We are compliant with AML (Anti-Money Laundering) / CFT (Counter Financing of Terrorism) regulations, and therefore your activity is legal and secure. We also refer to secure and recorded transfers and excellent customer service.
- Step-by-Step: How to send money to Philippines via Global Exchange
The following is a rough outline that you may use when using Global Exchange to send money to Philippines:
- Check Live AED
- Inquire about fees
- Decide method:
- Compare total cost vs. what recipient receives:
- Prepare the necessary papers:
- Send in time:
- Track the transfer:
PHP rate through Global Exchange site or visiting our branch. Confirm rate of the day.
Transfer fees, bank receipt fees, mobile wallet or cash pickup charge.
In case your recipient has a bank account, bank deposit may provide the most favourable net receipt. Otherwise, select mobile wallet or cash pickup.
Dirham amount multiplied by exchange rate minus fees/other charges.
Full name of recipient based on ID, bank account details (when transferring by a bank) or mobile wallet information, address and ID of recipient, etc.
Do not wait till on weekends or bank holidays, send during work days so that transfers/processing occurs faster.
Keep a tracking or a receipt; make sure that the money has been received by the receiver, and that it is an appropriate amount.
Why Choose Global Exchange?
You can use everything in your account to send money to Philippines when you are in Dubai, and that is what Global Exchange helps you do. We have always provided some of the best exchange rates in the market hence you get a lot of pesos with your hard-earned dirhams. Plus, we don’t creep in with special commissions or shady markups. The rate you see is the rate you get in your family and it creates a sense of trust and that is something that is non-negotiable when you are transferring your savings back home.
Value is as important as speed and Global Exchange is aware of it. Our system is capable of quick and easy transfers, be it to a bank account, to a mobile wallet such as GCash, and even to a cash pickup arrangement. This also facilitates the lives of your loved ones in the Philippines, more so when they are living in the rural parts or when they do not have constant access to the banks. Your money reaches them quickly and safely, without delays.
Most importantly, Global Exchange is certified and registered by the Central Bank of the UAE which implies high security use and compliance measures of your transfers. We have established a culture of being reliable, transparent and honest customers. You can send money whether big or small monthly allowance without any worry that your money is in good hands. That kind of peace of mind? Completely priceless.
Conclusion
Sending money from Dubai to the Philippines or converting AED to PHP doesn’t have to be a headache or a money-pit. If you do your homework, understand exchange rate dynamics, fees, and methods, you can make sure more of your hard-earned dirhams reach your loved ones as pesos. That’s what really matters. With the right money exchange in Dubai to Philippines, you can save on fees while getting better conversion rates for every dirham you send. This means your support goes further, your family gets what they need on time, and you can send funds without stressing over hidden charges or delays.
And when you want a provider that checks all the important boxes, competitive rates, low/no commission, secure service, and multiple transfer options; Global Exchange UAE stands out. Our zero-commission currency exchange, transparent fee structure, and regulated, trustworthy operations make us a solid partner for anyone wanting to send money to the Philippines.
If you want to send money to Philippine, don’t wait. Get a free quote from Global Exchange UAE now via our website or by visiting one of our branches in Dubai or Abu Dhabi. Compare how much the recipient will actually get (after fees and exchange) using Global Exchange vs other providers.
Call us at +(971) 26222078 (Head Office, Abu Dhabi) +(971) 42268300 (Dubai) +(971) 547329072 (Consumer Enquiry) or mail us at cms@global-exchange.ae (Consumer Enquiry) or at info@globalase.ae to know more.
