Currency juggling: UAE residents can take advantage of new spending power

Finding yourself at the sharp end of unfavourable currency movements is expensive and painful, as many UAE-based expatriates have discovered.

Currency calculations are familiar fare for many expats, and the post-Brexit volatility of the pound has given these sums added urgency. But the good news for UAE residents is that their dollar-pegged earnings have become worth more relative to many other currencies, given recent strength in the US economy.

The Dales, both 51, have to service a mortgage on their UK property, plus council tax, utility bills and road tax for their car.

Currency volatility has made for a bumpy ride, but the strength of the dollar, especially against the pound, is making it a lot more comfortable.