spot rate

Popular Terms
Foreign exchange market price at which a currency will be delivered on the spot date. Spot rate is the starting point for all foreign exchange transactions.

Use 'spot rate' in a Sentence

If you want to break down how well an investment has been doing you should compare its value to the spot rate.
17 people found this helpful
The spot rate was useful in our foreign exchange calculation as we intended on taking advantage of arbitrage in the region.
15 people found this helpful
The spot rate might be too high and I would not be overseas anyways, so I had no issues at all with it.
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