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: 2020-8-13, at 02:35:26 AM

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 44.8471 50.829 0 50.3307 49.334 50.3307 51.5889
Australian Dollar 124.6235 133.9083 126.7336 133.1096 127.8845 133.1096 133.9083
Canadian Dollar 129.165 140.2191 134.3126 139.8694 135.4641 139.8694 140.2191
Swiss Franc 188.9521 203.6539 195.7603 203.1461 197.339 203.1461 203.6539
Danish Kroner 26.7111 29.5296 0 29.4559 28.3858 29.4559 29.5296
Euro 207.2518 220.2246 210.7395 218.9111 211.3736 218.9111 220.2246
Great Britain Pound 229.0275 243.3955 233.9629 242.3052 235.0205 242.3052 243.3955
Hongkong Dollar 21.8769 24.018 0 23.9581 23.2733 23.9581 24.018
Japanese Yen 1.6358 1.7586 1.6752 1.7455 1.6881 1.7455 1.7586
Norweigian Kroner 18.8305 20.8187 20.0324 20.7668 20.0324 20.7668 20.8187
New Zealand Dollar 108.319 122.7372 117.8661 122.0649 117.8661 122.0649 122.3701
Saudi Riyals 43.8266 49.7847 0 49.2966 48.3204 49.2966 50.529
Swedish Kroner 18.6958 21.4005 20.6128 21.3471 20.6128 21.3471 21.4005
Singapore Dollar 127.9854 136.7569 131.6722 135.5371 131.6722 135.5371 136.7569
US Dollar 179.5788 187.5775 180.0307 186.1534 180.7537 186.1534 187.5496
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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