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Actual physical exchange of one currency for another. The process by which a trade is entered into the books and records of the counterparts to a transaction. The settlement of currency trades may or may not involve the actual physical exchange of one currency for another.
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Currency Rates
| US Dollars | 1.5850 |
| Euros | 1.1932 |
| Swiss Francs | 1.4448 |
| Australian Dollars | 1.4667 |
| South African Rand | 12.057 |
| GBP indicative mid-market rate at 14:40. Please call for quote. | |
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