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spot rate Finance Definition
The price of a foreign currency that is the current rate at which a currency is trading. It reflects what one currency is worth in terms of another currency within two business days from the trade date, which is the normal settlement period for a spot transaction. In contrast to spot rates, there are forward rates, which is what one currency is worth in terms of another at a specified point in the future.

Browse dictionary entries near spot rate

  1. ‹ spot pass
  2. ‹ spot on
  3. ‹ spot market
  4. ‹ spot commodity
  5. ‹ spot-check
  6. ‹ spot beam
  7. ‹ spot
  8. ‹ sporule
  9. ‹ sporulation
  10. ‹ sporulate
  1. spot trade ›
  2. spot welding ›
  3. spotless ›
  4. spotlight ›
  5. spotted ›
  6. spotted adder ›
  7. spotted fever ›
  8. spotted owl ›
  9. spotter ›
  10. spotty ›