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

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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	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

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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.