We introduce a new exponent of simultaneous rational approximation λmin(ξ, η) for pairs of real numbers ξ, η, in complement to the classical exponents λ(ξ, η) of best approximation, and λ(ξ, η) of uniform approximation. It generalizes Fischler's exponent β0(ξ) in the sense that λmin(ξ, ξ 2 ) = 1/β0(ξ) whenever λ(ξ, ξ 2 ) = 1. Using parametric geometry of numbers, we provide a complete description of the set of values taken by (λ, λmin) at pairs (ξ, η) with 1, ξ, η linearly independent over Q.