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: 2020-10-28, at 08:03:38 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	45.1554	51.1784	0	50.6767	49.6732	50.6767	51.9436
	Australian Dollar	124.8736	134.177	126.9879	133.3768	128.1412	133.3768	134.177
	Canadian Dollar	130.6227	141.8016	135.8285	141.448	136.9929	141.448	141.8016
	Swiss Franc	190.6682	205.5035	197.5382	204.9911	199.1313	204.9911	205.5035
	Danish Kroner	26.8631	29.6976	0	29.6235	28.5474	29.6235	29.6976
	Euro	208.2952	221.3333	211.8004	220.0132	212.4377	220.0132	221.3333
	Great Britain Pound	229.1792	243.5568	234.1179	242.4657	235.1762	242.4657	243.5568
	Hongkong Dollar	22.0295	24.1856	0	24.1253	23.4357	24.1253	24.1856
	Japanese Yen	1.688	1.8148	1.7287	1.8013	1.742	1.8013	1.8148
	Norweigian Kroner	18.2992	20.2313	19.4672	20.1809	19.4672	20.1809	20.2313
	New Zealand Dollar	111.0272	125.8059	120.8131	125.1168	120.8131	125.1168	125.4296
	Saudi Riyals	44.1267	50.1256	0	49.6342	48.6513	49.6342	50.875
	Swedish Kroner	18.6658	21.3661	20.5797	21.3128	20.5797	21.3128	21.3661
	Singapore Dollar	129.8818	138.7833	133.6232	137.5454	133.6232	137.5454	138.7833
	US Dollar	180.8133	188.867	181.2683	187.4331	181.9963	187.4331	188.8388

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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.