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

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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	44.8471	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

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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.