Spot Rate
Noun
US
/spɒt reɪt/
UK
/spɒt reɪt/
US
/spɒt reɪt/
UK
/spɒt reɪt/
The current market exchange rate for immediate currency transactions.
Spot Rate affects cross-border transactions, trade, and currency exchange.
Also known as: Spot Price, Current Rate. Closely related to Forward Rate, Exchange Rate.
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Spot Rate - key concept in International Finance.
Forex; Import/Export; International payments
Applied in International Finance contexts: Forex; Import/Export