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: 2020-10-28, at 08:03:38 PM

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 45.1554 51.1784 0 50.6767 49.6732 50.6767 51.9436
Australian Dollar 124.8736 134.177 126.9879 133.3768 128.1412 133.3768 134.177
Canadian Dollar 130.6227 141.8016 135.8285 141.448 136.9929 141.448 141.8016
Swiss Franc 190.6682 205.5035 197.5382 204.9911 199.1313 204.9911 205.5035
Danish Kroner 26.8631 29.6976 0 29.6235 28.5474 29.6235 29.6976
Euro 208.2952 221.3333 211.8004 220.0132 212.4377 220.0132 221.3333
Great Britain Pound 229.1792 243.5568 234.1179 242.4657 235.1762 242.4657 243.5568
Hongkong Dollar 22.0295 24.1856 0 24.1253 23.4357 24.1253 24.1856
Japanese Yen 1.688 1.8148 1.7287 1.8013 1.742 1.8013 1.8148
Norweigian Kroner 18.2992 20.2313 19.4672 20.1809 19.4672 20.1809 20.2313
New Zealand Dollar 111.0272 125.8059 120.8131 125.1168 120.8131 125.1168 125.4296
Saudi Riyals 44.1267 50.1256 0 49.6342 48.6513 49.6342 50.875
Swedish Kroner 18.6658 21.3661 20.5797 21.3128 20.5797 21.3128 21.3661
Singapore Dollar 129.8818 138.7833 133.6232 137.5454 133.6232 137.5454 138.7833
US Dollar 180.8133 188.867 181.2683 187.4331 181.9963 187.4331 188.8388
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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