{
 "title": "GCC Remittance Timing Index — 1.98% in 2026-06",
 "source": "ECB euro foreign exchange reference rates (daily, 14:15 CET), collected via Frankfurter API and cross-checked against the official ECB Data Portal CSV (data.ecb.europa.eu)",
 "retrieved": "2026-07-18",
 "collection_route": "frankfurter (cross-checked vs ECB official CSV)",
 "metrics": {
  "INR": {
   "monthly_timing_cost_pct": {
    "2025-06": 1.4735,
    "2025-07": 2.6353,
    "2025-08": 1.2865,
    "2025-09": 1.07,
    "2025-10": 1.1274,
    "2025-11": 1.2996,
    "2025-12": 1.5412,
    "2026-01": 2.3261,
    "2026-02": 1.5864,
    "2026-03": 3.4479,
    "2026-04": 2.9278,
    "2026-05": 2.7265,
    "2026-06": 1.5372
   },
   "timing_cost_12m_mean_pct": 1.9593,
   "realized_vol_30d_annualized_pct": 4.5607,
   "last_fixing": {
    "date": "2026-07-17",
    "usd_rate": 96.28
   }
  },
  "PHP": {
   "monthly_timing_cost_pct": {
    "2025-06": 2.5032,
    "2025-07": 3.5612,
    "2025-08": 2.655,
    "2025-09": 2.6203,
    "2025-10": 2.1999,
    "2025-11": 0.9213,
    "2025-12": 1.4483,
    "2026-01": 1.2969,
    "2026-02": 2.6563,
    "2026-03": 4.2304,
    "2026-04": 3.7106,
    "2026-05": 2.2294,
    "2026-06": 2.4158
   },
   "timing_cost_12m_mean_pct": 2.4954,
   "realized_vol_30d_annualized_pct": 3.7463,
   "last_fixing": {
    "date": "2026-07-17",
    "usd_rate": 61.601
   }
  },
  "TRY": {
   "monthly_timing_cost_pct": {
    "2025-06": 1.2721,
    "2025-07": 2.0796,
    "2025-08": 1.2106,
    "2025-09": 1.1383,
    "2025-10": 1.1829,
    "2025-11": 1.0654,
    "2025-12": 1.2991,
    "2026-01": 1.0667,
    "2026-02": 1.0761,
    "2026-03": 1.1852,
    "2026-04": 1.6147,
    "2026-05": 1.5597,
    "2026-06": 1.6691
   },
   "timing_cost_12m_mean_pct": 1.3456,
   "realized_vol_30d_annualized_pct": 1.5858,
   "last_fixing": {
    "date": "2026-07-17",
    "usd_rate": 47.142
   }
  }
 }
}