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: 2021-1-21, at 05:17:50 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 48.5937 55.0753 0 54.5354 53.4555 54.5354 55.8988
Australian Dollar 147.0973 158.0565 149.5879 157.1138 150.9464 157.1138 158.0565
Canadian Dollar 147.4759 160.097 153.3532 159.6978 154.6679 159.6978 160.097
Swiss Franc 210.9808 227.3966 218.5827 226.8295 220.3455 226.8295 227.3966
Danish Kroner 29.898 33.0527 0 32.9703 31.7726 32.9703 33.0527
Euro 231.7808 246.2889 235.6812 244.82 236.3904 244.82 246.2889
Great Britain Pound 261.1598 277.5437 266.7877 276.3004 267.9937 276.3004 277.5437
Hongkong Dollar 23.7017 26.0215 0 25.9566 25.2146 25.9566 26.0215
Japanese Yen 1.8309 1.9683 1.875 1.9537 1.8894 1.9537 1.9683
Norweigian Kroner 21.7032 23.9948 23.0885 23.935 23.0885 23.935 23.9948
New Zealand Dollar 129.25 146.4543 140.642 145.6521 140.642 145.6521 146.0163
Saudi Riyals 47.4753 53.9294 0 53.4007 52.3432 53.4007 54.7357
Swedish Kroner 21.2474 24.3212 23.426 24.2606 23.426 24.2606 24.3212
Singapore Dollar 143.9657 153.8324 148.1128 152.4603 148.1128 152.4603 153.8324
US Dollar 194.5811 203.248 195.0707 201.705 195.8541 201.705 203.2178
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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