Page 21 - AAE PR REPORT - APRIL 2025

Statement

Al Ansari Exchange is closely monitoring global currency markets

following the recent US tariff announcements

April 03, 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, 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.

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.

-ends-

For further information, please contact:

Orient Planet Group (OPG)
Tel: +971 4 4562888
Email: media@orientplanet.com
Website: www.orientplanet.com