Page 140 - AAE PR REPORT - APRIL 2025

4/7/25, 10:05 AM Al Ansari Exchange is closely monitoring global currency markets following the recent US tariff announcements - Middle East Busin…
Al Ansari Exchange is closely

monitoring global currency markets

following the recent US tariff

announcements

April 4, 2025 15

The US administration’s April 2 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. This shift presents both challenges and opportunities
for individuals and businesses across the UAE.

Advertise here.

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.

Conversely, the Indian Rupee (INR) has declined against the US Dollar following the recent

tariff announcements. In early morning trade on April 3, 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 favourable exchange rates may enhance the overall

value received.

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