The price of one country's currency expressed in another country's currency. In other words, the rate at which one currency can be exchanged for another. For example, the higher the exchange rate for one euro in terms of one yen, the lower the relative value of the yen.

Indicative Exchange Rates - as at: 2021-1-21, at 05:17:50 PM

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		Currency		TC's Drafts		Telegraphic Transfers		Import Bills
Exchange Rates		Buying Rate	Selling Rate	Buying Rate	Selling Rate	Buying Rate	Selling Rate	Selling Rate
	UAE Dirhams	48.5937	55.0753	0	54.5354	53.4555	54.5354	55.8988
	Australian Dollar	147.0973	158.0565	149.5879	157.1138	150.9464	157.1138	158.0565
	Canadian Dollar	147.4759	160.097	153.3532	159.6978	154.6679	159.6978	160.097
	Swiss Franc	210.9808	227.3966	218.5827	226.8295	220.3455	226.8295	227.3966
	Danish Kroner	29.898	33.0527	0	32.9703	31.7726	32.9703	33.0527
	Euro	231.7808	246.2889	235.6812	244.82	236.3904	244.82	246.2889
	Great Britain Pound	261.1598	277.5437	266.7877	276.3004	267.9937	276.3004	277.5437
	Hongkong Dollar	23.7017	26.0215	0	25.9566	25.2146	25.9566	26.0215
	Japanese Yen	1.8309	1.9683	1.875	1.9537	1.8894	1.9537	1.9683
	Norweigian Kroner	21.7032	23.9948	23.0885	23.935	23.0885	23.935	23.9948
	New Zealand Dollar	129.25	146.4543	140.642	145.6521	140.642	145.6521	146.0163
	Saudi Riyals	47.4753	53.9294	0	53.4007	52.3432	53.4007	54.7357
	Swedish Kroner	21.2474	24.3212	23.426	24.2606	23.426	24.2606	24.3212
	Singapore Dollar	143.9657	153.8324	148.1128	152.4603	148.1128	152.4603	153.8324
	US Dollar	194.5811	203.248	195.0707	201.705	195.8541	201.705	203.2178

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The rate of a foreign-exchange contract for immediate delivery. Also known as "benchmark rates", "straightforward rates" or "outright rates", spot rates represent the price that a buyer expects to pay for a foreign currency in another currency.

Though the spot exchange rate is said to be settled immediately, the globally accepted settlement cycle for foreign-exchange contracts is two days. Foreign-exchange contracts are therefore settled on the second day after the day the deal is made.

Traditionally, the exchange of one security for another to change the maturity (bonds), quality of issues (stocks or bonds), or because investment objectives have changed. Recently, swaps have grown to include currency swaps and interest rate swaps.

The predetermined delivery price for an underlying commodity, currency or financial asset decided upon by the long (the buyer) and the short (the seller) to be paid at predetermined date in the future.