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

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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	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

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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.