Current Rates

Fixed Deposit Rate - 3 Months
Loan Rate - Residential Housing
Loan Rate - Personal Loans
Pawning Rate

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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: 2020-4-5, at 03:40:35 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 48.1445 54.5662 0 54.0313 52.9614 54.0313 55.3821
Australian Dollar 114.9894 121.6465 115.1288 120.921 116.1744 120.921 121.6465
Canadian Dollar 135.5502 141.5539 135.5913 141.2009 136.7537 141.2009 141.5539
Swiss Franc 196.6189 204.6152 196.6843 204.1049 198.2705 204.1049 204.6152
Danish Kroner 27.6458 29.0208 0 28.9485 27.8968 28.9485 29.0208
Euro 206.0221 217.0561 207.7075 215.7616 208.3325 215.7616 217.0561
Great Britain Pound 235.5542 246.9037 237.3351 245.7976 238.4079 245.7976 246.9037
Hongkong Dollar 24.7246 25.7735 0 25.7092 24.9743 25.7092 25.7735
Japanese Yen 1.7747 1.8643 1.7759 1.8504 1.7896 1.8504 1.8643
Norweigian Kroner 18.2549 19.2604 18.5329 19.2123 18.5329 19.2123 19.2604
New Zealand Dollar 112.3173 118.4527 113.7517 117.8039 113.7517 117.8039 118.0984
Saudi Riyals 47.2845 53.2704 0 52.7482 51.7037 52.7482 54.0669
Swedish Kroner 18.8376 19.7665 19.039 19.7172 19.039 19.7172 19.7665
Singapore Dollar 133.9839 140.5493 135.3236 139.2956 135.3236 139.2956 140.5493
US Dollar 193.5331 199.7853 192.7783 198.2685 193.5525 198.2685 199.359
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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