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: 2019-2-19, at 03:10:34 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	44.0528	49.9288	0	49.4393	48.4603	49.4393	50.6753
	Australian Dollar	124.5648	131.7764	124.7159	130.9904	125.8485	130.9904	131.7764
	Canadian Dollar	132.552	138.4229	132.5921	138.0777	133.7288	138.0777	138.4229
	Swiss Franc	175.1127	182.2344	175.171	181.78	176.5837	181.78	182.2344
	Danish Kroner	26.505	27.8234	0	27.754	26.7457	27.754	27.8234
	Euro	197.3696	207.9402	198.9842	206.7	199.5829	206.7	207.9402
	Great Britain Pound	225.6738	236.5473	227.38	235.4876	228.4079	235.4876	236.5473
	Hongkong Dollar	22.3516	23.2999	0	23.2418	22.5774	23.2418	23.2999
	Japanese Yen	1.589	1.6693	1.5901	1.6569	1.6024	1.6569	1.6693
	Norweigian Kroner	20.1629	21.2734	20.47	21.2204	20.47	21.2204	21.2734
	New Zealand Dollar	120.0922	126.6524	121.6259	125.9587	121.6259	125.9587	126.2736
	Saudi Riyals	43.4061	48.901	0	48.4216	47.4628	48.4216	49.6322
	Swedish Kroner	18.8705	19.8011	19.0723	19.7517	19.0723	19.7517	19.8011
	Singapore Dollar	129.7126	136.0687	131.0096	134.855	131.0096	134.855	136.0687
	US Dollar	177.6246	182.4437	176.9318	181.0586	177.6424	181.0586	182.0544

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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.