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Exchange Rates

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.

All selling rates are applicable for transactions less than USD 100/- or its equivalent in other currencies

Service Unavilable


Intrest rates for foreign currency deposites

  • Savings
  • Fixed Deposit
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 %

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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