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: 2019-9-16, at 06:08:32 AM

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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	44.2121	50.1093	0	49.618	48.6355	49.618	50.8585
	Australian Dollar	120.2765	127.2397	120.4223	126.4809	121.516	126.4809	127.2397
	Canadian Dollar	133.4346	139.3446	133.475	138.9971	134.6193	138.9971	139.3446
	Swiss Franc	178.0076	185.247	178.0668	184.785	179.5029	184.785	185.247
	Danish Kroner	25.9262	27.2157	0	27.1479	26.1616	27.1479	27.2157
	Euro	193.0651	203.4052	194.6445	202.1921	195.2302	202.1921	203.4052
	Great Britain Pound	216.3318	226.7552	217.9674	225.7393	218.9527	225.7393	226.7552
	Hongkong Dollar	22.4894	23.4435	0	23.3851	22.7166	23.3851	23.4435
	Japanese Yen	1.6335	1.716	1.6346	1.7032	1.6472	1.7032	1.716
	Norweigian Kroner	19.4951	20.5689	19.792	20.5176	19.792	20.5176	20.5689
	New Zealand Dollar	112.5438	118.6916	113.9811	118.0415	113.9811	118.0415	118.3366
	Saudi Riyals	43.5567	49.0706	0	48.5895	47.6274	48.5895	49.8043
	Swedish Kroner	18.1594	19.0549	18.3536	19.0074	18.3536	19.0074	19.0549
	Singapore Dollar	128.3219	134.6098	129.605	133.4092	129.605	133.4092	134.6098
	US Dollar	178.2668	183.1033	177.5715	181.7132	178.2846	181.7132	182.7126

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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.