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: 2020-2-23, at 01:39:31 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	44.5044	50.4406	0	49.9461	48.9571	49.9461	51.1948
	Australian Dollar	116.7443	123.503	116.8858	122.7664	117.9473	122.7664	123.503
	Canadian Dollar	133.6812	139.6022	133.7217	139.254	134.8681	139.254	139.6022
	Swiss Franc	180.56	187.9032	180.6201	187.4346	182.0767	187.4346	187.9032
	Danish Kroner	25.5324	26.8023	0	26.7355	25.7642	26.7355	26.8023
	Euro	190.2939	200.4856	191.8507	199.2899	192.428	199.2899	200.4856
	Great Britain Pound	227.8159	238.7926	229.5383	237.7228	230.5759	237.7228	238.7926
	Hongkong Dollar	22.7795	23.7459	0	23.6867	23.0096	23.6867	23.7459
	Japanese Yen	1.5839	1.6639	1.585	1.6515	1.5972	1.6515	1.6639
	Norweigian Kroner	18.8713	19.9107	19.1587	19.8611	19.1587	19.8611	19.9107
	New Zealand Dollar	111.7488	117.8532	113.176	117.2077	113.176	117.2077	117.5007
	Saudi Riyals	43.8458	49.3964	0	48.9121	47.9435	48.9121	50.1349
	Swedish Kroner	17.9957	18.8831	18.1881	18.8361	18.1881	18.8361	18.8831
	Singapore Dollar	126.8352	133.0503	128.1034	131.8636	128.1034	131.8636	133.0503
	US Dollar	179.799	184.67	179.0977	183.268	179.817	183.268	184.276

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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.