Page 144 - AAE PR REPORT - APRIL 2025

4/4/25, 9:05 AM Al Ansari Exchange is closely monitoring global currency markets following the recent US tariff announcements | mea-finance.com
Al Ansari Exchange is closely monitoring global

currency markets following the recent US tariff

announcements

By MEA Finance - April 4, 2025

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.

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,
Ali Al Najjar, Chief Operating Officer, Al Ansari 2025, the INR weakened by 24 paise against the US Dollar. The same
Exchange 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.

For businesses in the UAE, Al Ansari Exchange offers tailored solutions to effectively manage currency risk and leverage
favourable exchange rate movements.

“While market volatility brings uncertainty, it also opens doors for well-informed financial decisions. Our deep expertise
in navigating currency market fluctuations uniquely positions us to support our customers during this period,” said Ali
Al Najjar, COO of Al Ansari Exchange.

We remain committed to providing competitive exchange rates, transparent fees, and value-added services. Through
our mobile app, customers can access real-time exchange rate information to stay informed and make timely, strategic
decisions.

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