For overseas workers from the Philippines and India, there's no place like home, and that may help insulate their countries from a liquidity pullback once the Federal Reserve begins tapering its asset purchases.
Improved U.S. economic data has put tapering back in the spotlight and analysts are concerned Asian markets and currencies may face a repeat of the May to September market turbulence, which saw funds flow out of emerging markets following the Fed broaching the possibility its asset purchases might soon end.
But remittances may help to insulate markets from any fresh outflows.
(Read more: Is a 'panic taper'the real risk to markets?)
The amount of money overseas workers are sending home is sizable, with the World Bank estimating India will receive $71 billion of remittance in 2013, the highest globally, while the Philippines is likely to receive $26 billion.