Current Rates

Fixed Deposit Rate - 3 Months

10.25% p.a

Loan Rate - Residential Housing

14.5% - 16.00% p.a

Loan Rate - Personal Loans

16.00% - 16.5% p.a

Pawning Rate

18% p.a

*Conditions Apply

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Interest rates for Foreign Currency Deposits
Savings
Currency Rate % p.a.
United States Dollars (USD) 2.00 %
Great Britain Pounds (GBP) 1.00 %
Euro (EUR) 0.40 %
Australian Dollars (AUD) 1.75 %
Canadian Dollars (CAD) 0.50 %
Swiss Francs (CHF) 0.00 %
Singapore Dollars (SGD) 0.25 %
Fixed Deposits
Period USD Interest % GBP Interest % EUR Interest % AUD Interest %
1 month 2.25 1.50 0.50 2.15
3 months 2.75 2.00 1.70 2.25
6 months 3.00 2.25 1.90 2.50
12 months 3.50 2.75 2.20 2.75
12 Months
(Interest paid Monthly) % p.a.
3.35 2.65 2.10 2.65

Please contact Branch Manager/ Overseas Customer Service Division for special rates For Foreign Currency deposits of USD 10,000 or above or its equivalent in other currencies.

Exchange Rate

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: 2018-6-22, at 02:52:04 PM

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 38.9934 44.1945 0 43.7612 42.8947 43.7612 44.8552
Australian Dollar 113.8442 120.435 113.9822 119.7167 115.0174 119.7167 120.435
Canadian Dollar 116.667 121.8344 116.7023 121.5306 117.7028 121.5306 121.8344
Swiss Franc 156.8376 163.216 156.8898 162.809 158.155 162.809 163.216
Danish Kroner 24.1012 25.3 0 25.2369 24.3201 25.2369 25.3
Euro 179.2432 188.8431 180.7096 187.7168 181.2533 187.7168 188.8431
Great Britain Pound 205.0856 214.9671 206.6362 214.0041 207.5702 214.0041 214.9671
Hongkong Dollar 19.7939 20.6336 0 20.5821 19.9938 20.5821 20.6336
Japanese Yen 1.4128 1.4842 1.4138 1.4731 1.4247 1.4731 1.4842
Norweigian Kroner 18.9464 19.9899 19.2349 19.94 19.2349 19.94 19.9899
New Zealand Dollar 106.1916 111.9924 107.5478 111.379 107.5478 111.379 111.6574
Saudi Riyals 38.4209 43.2848 0 42.8604 42.0117 42.8604 43.9319
Swedish Kroner 17.4018 18.2599 17.5879 18.2144 17.5879 18.2144 18.2599
Singapore Dollar 114.5195 120.1311 115.6646 119.0596 115.6646 119.0596 120.1311
US Dollar 157.3836 161.3618 156.7698 160.1367 157.3994 160.1367 161.0175
Spot Exchange Rate

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.

Swap

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.

Forward Price

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.

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