Send Money from United Arab Emirates to Philippines
Businesses in United Arab Emirates paying Philippines suppliers for Electronics. Send AED from United Arab Emirates, receive PHP in Philippines with t+0 (2.3s avg within unicorn network).
Save £2,220 per £100k Payment
United Arab Emirates to Philippines corridor savings
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local AED collection
- ✓ Transparent 0.5% spread
- ✓ InstaPay
Sending from United Arab Emirates: What You Need to Know
AED Origin Specifics
- AED pegged to USD (3.67 fixed rate)
- Corporate Tax 9% (effective 2023)
- Free Zone invoice requirements
Your Local Advantages
- Local AED account available
- UAEFTS (UAE Funds Transfer System) instant collection
- No correspondent bank fees on origin side
Paying Suppliers in Philippines: Compliance & Requirements
Regulatory Considerations
- Bangko Sentral ng Pilipinas FX regulations
- Bureau of Customs documentation
- VAT (12%) on imports
- BSP reporting requirements
Payment Best Practices
- Philippines = Electronics manufacturing, BPO hub
- InstaPay fastest for PHP payments under ₱50k
- Metro Manila + Cebu = Main business centers
- English widely spoken - easy communication
United Arab Emirates → Philippines Corridor Insights
Popular Industries
- Electronics
- Garments
- BPO Services
Peak Trading Hours
GST (GMT+4) to GMT time zone consideration
Typical Volume
£50k-£250k
Frequently Asked Questions: AED-PHP Payments
How fast are AED-PHP payments?
AED-PHP payments settle in an average of 2.3 seconds wallet-to-wallet when using Unicorn Currencies' local rails, or 1-3 days via traditional SWIFT depending on the route and correspondent banks involved.
What does a AED-PHP transfer cost?
Unicorn Currencies charges a 0.5% FX spread plus a flat fee of £5 per payment for AED-PHP transfers. This is significantly cheaper than traditional banks which typically charge 2-4% in hidden FX margins plus high SWIFT fees.
What exchange rate do I get for AED-PHP?
You get real-time wholesale AED-PHP exchange rates with 15-second rate locks. Our rates are sourced from institutional FX markets, giving you the same pricing that banks use for their own trades.
Can I lock the AED-PHP rate in advance?
Yes, forward contracts are available for AED-PHP payments. You can lock in today's rate for future payments, protecting your business from currency fluctuations for up to 12 months.
What details do I need for AED-PHP payments?
Beneficiary details vary by destination. For Philippines payments, you typically need the recipient's local account details (InstaPay), account number, and beneficiary name. Some destinations may also require local clearing codes.
Ready to Send AED from United Arab Emirates to Philippines?
Save 81% on every payment with t+0 (2.3s avg within unicorn network). Local AED collection available.
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