Page 107 - AAE PR REPORT

Page 107 - AAE PR REPORT - AUGUST 2025

P. 107

8/6/25, 9:15 AM Al Ansari Exchange addresses Indian Rupee drop to near record lows and its implications for UAE Remittance Market
For consumers in the UAE, this development is already influencing remittance and currency exchange patterns. Al Ansari
Exchange has observed a surge in remittance activity, as Indian expatriates take advantage of the more favourable rates to send
additional funds back home. The stronger conversion value is allowing customers to remit significantly higher amounts in rupees
for the same dirham outlay, providing tangible benefits to families and dependents in India. At the same time, businesses and
individuals engaged in trade with India are reviewing their hedging strategies and timing of transactions in light of the increased
volatility.

In response to the surge in remittance demand, Al Ansari Exchange has ensured sufficient liquidity across its nationwide branch
network and digital channels, while continuing to provide competitive rates and transparent pricing. The company has also
launched targeted initiatives to attract customers during this period, including special promotional offers, rate alerts via its mobile
application, and expanded staffing at high-demand branches to ensure smooth and efficient service.

Commenting on the situation, Rashed A. Al Ansari, CEO of Al Ansari Exchange said:
"The current exchange rate presents a unique opportunity for Indian expatriates in the UAE to maximise the value of their
remittances. While the outlook for the rupee remains influenced by global and domestic factors, we are fully prepared to meet the
increased demand and provide our customers with the best possible value and service during this period of heightened currency
volatility."

Al Ansari Exchange reaffirmed its commitment to supporting customers with reliable and efficient remittance solutions, even as
currency markets remain uncertain. The company continues to monitor global economic developments closely and remains
focused on delivering safe, transparent, and customer-centric services.