Sending Money To The Philippines - Quick and Easy Ways From UAE

    

Sending money to the Philippines is not hard. Thankfully, the country is well-connected to other parts of the world. With that being said, you need to understand that there are many ways to send money from one place to another. This article will discuss different methods for sending money from the UAE to the Philippines. Read on for more information. 

Sending money to the Philippines is now easier than ever. However, it can be tedious work if you don't know the right steps and sources. It used to be that only banks were able to transfer money from one account holder to another directly, but these days things have changed drastically. With the advancement in technology and increased access to financial services, anyone with an internet connection can now send money from any part of the world. In this article, we will explore ways to send money from the UAE to the Philippines. We will also focus on exploring the different options available for sending money from UAE directly into your loved one's accounts.

What is the Exchange Rate for UAE Dirhams to Pesos?

Before you start, it is important to know the exchange rate for the UAE Dirhams (AED) against the Philippines Pesos (PHP). It will give you a close figure of the amount you will be getting in return for the dirhams in your hand. The exchange rate changes on a daily basis, so it is important to check in advance with the platform you choose to send money from UAE to the Philippines. 

As of 09th August 2022, the exchange rate for UAE Dirhams to Philippine Pesos is 1 UAE Dirham = 15.17 Filipino Pesos. This exchange rate is constantly changing, so it is important to check it out on the Philippines' Central Bank's website or even google it online. The official Philippine Peso exchange rate is one of the most important things to know because you can ensure that you're getting the best exchange rate possible and ensuring that you're not getting ripped off. Knowing the exchange rate is also the best way to avoid any potential exchange rate scams.

How to choose the best platform?

When sending money from the UAE to the Philippines, there are a few key things that you need to keep in mind. Firstly, you will need to find an option that has a good exchange rate. There are hundreds of different exchange options available for UAE-Philippines money transfers. If you cannot find the right option, you will be wasting time and money and might also end up losing money due to fraudulent or deceptive service providers. You should also consider checking the fees that you will be subjected to when sending money from the UAE to the Philippines. There are different levels of service providers that you can choose from. The best way to avoid costly fees is to go with a more reputable and reliable provider.

Popular ways to send money from UAE to the Philippines

With the development of online money transfer services, sending money from the UAE to the Philippines has become easier than ever. However, before beginning the transfer, make sure you understand all the steps of the process. 

●      Sending money using an online platform - Most Filipinos are comfortable using online banking platforms. This can be a good option for you if you have friends and relatives who are comfortable with online banking. Many banks allow you to send money through your regular banking app, making it even easier to send money to your loved ones.

●      Sending money with a friend - Most expats living in the Philippines have a friend or relative who lives there. You can ask them to send you money from the UAE. Most expats have done this and have been successful at it.

●      Popular Money Exchange Houses - This is perhaps the most popular method to send money from the UAE to the Philippines because of its ease and convenience of hassle-free transfer. These exchange houses charge a very nominal fee per transaction.

●      E-commerce - If you have a business partner in the Philippines, you can use the Internet to sell goods and transfer money to the partner.

●      Money transfer apps - This is another great way to transfer money as many money transferring providers give services which facilitate the transfer and make it smooth. Many money transfer apps available will give you detailed information about different money transferring operators in one view. 

Apart from all of the above, there are also some benefits to using the traditional wire transfer method. An excellent way to do it is to find out what option works best for you and your loved ones.

Final Words

With that being said, you need to understand that there are a lot of ways to send money from the UAE to the Philippines. In the past, only banks were able to directly transfer money from one account holder to another, but things have changed these days drastically. Thankfully, both countries are well-connected to other parts of the world, making it easier to conduct a smooth transaction. However, you need to be careful finalizing on a platform as there are different services provided by different platforms shortlisting the best choice for you.