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: 2020-2-23, at 01:39:31 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 44.5044 50.4406 0 49.9461 48.9571 49.9461 51.1948
Australian Dollar 116.7443 123.503 116.8858 122.7664 117.9473 122.7664 123.503
Canadian Dollar 133.6812 139.6022 133.7217 139.254 134.8681 139.254 139.6022
Swiss Franc 180.56 187.9032 180.6201 187.4346 182.0767 187.4346 187.9032
Danish Kroner 25.5324 26.8023 0 26.7355 25.7642 26.7355 26.8023
Euro 190.2939 200.4856 191.8507 199.2899 192.428 199.2899 200.4856
Great Britain Pound 227.8159 238.7926 229.5383 237.7228 230.5759 237.7228 238.7926
Hongkong Dollar 22.7795 23.7459 0 23.6867 23.0096 23.6867 23.7459
Japanese Yen 1.5839 1.6639 1.585 1.6515 1.5972 1.6515 1.6639
Norweigian Kroner 18.8713 19.9107 19.1587 19.8611 19.1587 19.8611 19.9107
New Zealand Dollar 111.7488 117.8532 113.176 117.2077 113.176 117.2077 117.5007
Saudi Riyals 43.8458 49.3964 0 48.9121 47.9435 48.9121 50.1349
Swedish Kroner 17.9957 18.8831 18.1881 18.8361 18.1881 18.8361 18.8831
Singapore Dollar 126.8352 133.0503 128.1034 131.8636 128.1034 131.8636 133.0503
US Dollar 179.799 184.67 179.0977 183.268 179.817 183.268 184.276
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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