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: 2021-4-16, at 05:42:08 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	49.88	56.5332	0	55.979	54.8705	55.979	57.3784
	Australian Dollar	150.5443	161.7603	153.0933	160.7956	154.4837	160.7956	161.7603
	Canadian Dollar	152.8943	165.9791	158.9876	165.5652	160.3506	165.5652	165.9791
	Swiss Franc	208.2208	224.4218	215.7233	223.8622	217.463	223.8622	224.4218
	Danish Kroner	30.2768	33.4715	0	33.388	32.1751	33.388	33.4715
	Euro	234.6443	249.3317	238.5929	247.8446	239.3108	247.8446	249.3317
	Great Britain Pound	269.1563	286.0419	274.9565	284.7605	276.1994	284.7605	286.0419
	Hongkong Dollar	24.2787	26.6549	0	26.5885	25.8284	26.5885	26.6549
	Japanese Yen	1.7867	1.9209	1.8298	1.9066	1.8439	1.9066	1.9209
	Norweigian Kroner	22.4127	24.7792	23.8433	24.7174	23.8433	24.7174	24.7792
	New Zealand Dollar	131.8074	149.3521	143.4248	148.534	143.4248	148.534	148.9054
	Saudi Riyals	48.7424	55.3688	0	54.8259	53.7403	54.8259	56.1966
	Swedish Kroner	21.4471	24.5497	23.6462	24.4885	23.6462	24.4885	24.5497
	Singapore Dollar	146.4866	156.5261	150.7064	155.13	150.7064	155.13	156.5261
	US Dollar	199.7318	208.6281	200.2344	207.0442	201.0385	207.0442	208.597

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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.