Page 135 - AAE PR REPORT - APRIL 2025

4/7/25, 10:05 AM Al Ansari Exchange closely monitoring global currency markets amid new US tariffs
Al Najjar noted: “Our deep expertise in navigating currency market fluctuations uniquely positions us to
support our customers during this period.”

The company added that it remains committed to providing competitive exchange rates, transparent
fees, and value-added services.

The US administration’s 2 April tariff measures, which include a 10% baseline tariff on imports with

higher rates applied to specific countries, have contributed to a weakening of the US Dollar against
several major currencies.

Al Ansari Exchange further stated that this shift presents both challenges and opportunities for
individuals and businesses across the UAE.

The depreciation of the US Dollar against currencies like the Euro, Japanese Yen, and Chinese Yuan
may pose challenges for UAE residents sending remittances to countries with strengthening currencies.

Meanwhile, the Indian Rupee (INR) has declined against the US Dollar following the recent tariff
announcements.

In early morning trade on 3 April 2025, the INR weakened by 24 paise against the US Dollar. The same
depreciation was also seen against other Asian currencies such as the Pakistani Rupee and the

Philippine Pesos.

This development comes to the benefit of the UAE residents remitting funds to India, as favorable
exchange rates may enhance the overall value received.

Al Ansari Exchange offers tailored solutions for businesses in the UAE to effectively manage currency

risk and leverage exchange rate movements.

It is worth noting that Al Ansari Digital Pay, another subsidiary of the listed Al Ansari, recently obtained
final approvals from the Central Bank of the UAE (CBUAE) for both the Stored Value Facility (SVF) and
Retail Payment Services and Card Schemes (RPSCS) licenses.

Source: Mubasher

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