Pound vs Euro: UAE money transfers - time it right, save big in October

Dubai: Thinking of sending some cash to the UK or anywhere in Europe? Hold on to your dirhams! Just like booking a flight, timing your money transfer can save you some serious money.

Against the UAE dirham, the British pound and the euro are expected to strengthen in the coming weeks from its present levels. Here's how you can take advantage of these upcoming rates when remitting money to the UK or anywhere in Europe.

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The first step is figuring out if the currency in the country you are remitting to is going to rise or fall in value soon? This can make a big difference in how much money your friends or families end up receiving after you send.