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: 2019-11-19, at 11:52:37 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	44.0038	49.8733	0	49.3843	48.4064	49.3843	50.6189
	Australian Dollar	118.2219	125.0662	118.3653	124.3203	119.4402	124.3203	125.0662
	Canadian Dollar	132.5899	138.4625	132.6301	138.1172	133.7671	138.1172	138.4625
	Swiss Franc	177.3571	184.57	177.4161	184.1097	178.8469	184.1097	184.57
	Danish Kroner	25.8788	27.166	0	27.0982	26.1138	27.0982	27.166
	Euro	192.975	203.3103	194.5537	202.0977	195.1391	202.0977	203.3103
	Great Britain Pound	226.1387	237.0345	227.8484	235.9727	228.8784	235.9727	237.0345
	Hongkong Dollar	22.3788	23.3282	0	23.27	22.6048	23.27	23.3282
	Japanese Yen	1.6155	1.6971	1.6166	1.6844	1.629	1.6844	1.6971
	Norweigian Kroner	19.0413	20.0901	19.3313	20.04	19.3313	20.04	20.0901
	New Zealand Dollar	111.308	117.3883	112.7296	116.7454	112.7296	116.7454	117.0372
	Saudi Riyals	43.3596	48.8486	0	48.3697	47.4119	48.3697	49.5789
	Swedish Kroner	18.0922	18.9844	18.2857	18.9371	18.2857	18.9371	18.9844
	Singapore Dollar	129.1017	135.4279	130.3926	134.2199	130.3926	134.2199	135.4279
	US Dollar	177.4271	182.2408	176.735	180.8572	177.4448	180.8572	181.8519

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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.