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: 2018-9-23, at 01:07:22 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	41.3822	46.902	0	46.4422	45.5225	46.4422	47.6032
	Australian Dollar	119.1901	126.0905	119.3346	125.3385	120.4184	125.3385	126.0905
	Canadian Dollar	127.6126	133.2647	127.6512	132.9324	128.7455	132.9324	133.2647
	Swiss Franc	172.2022	179.2055	172.2595	178.7586	173.6487	178.7586	179.2055
	Danish Kroner	25.9462	27.2367	0	27.1688	26.1818	27.1688	27.2367
	Euro	193.0849	203.426	194.6645	202.2128	195.2502	202.2128	203.426
	Great Britain Pound	217.855	228.3518	219.5021	227.3288	220.4944	227.3288	228.3518
	Hongkong Dollar	21.0467	21.9396	0	21.8849	21.2593	21.8849	21.9396
	Japanese Yen	1.4659	1.54	1.4669	1.5285	1.4782	1.5285	1.54
	Norweigian Kroner	20.0611	21.1661	20.3666	21.1133	20.3666	21.1133	21.1661
	New Zealand Dollar	109.5021	115.4837	110.9005	114.8512	110.9005	114.8512	115.1383
	Saudi Riyals	40.7736	45.9353	0	45.4849	44.5842	45.4849	46.6221
	Swedish Kroner	18.7178	19.6408	18.9179	19.5918	18.9179	19.5918	19.6408
	Singapore Dollar	121.0722	127.0049	122.2828	125.8721	122.2828	125.8721	127.0049
	US Dollar	166.8565	171.3834	166.2057	170.0823	166.8732	170.0823	171.0178

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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.