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.
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The spot rate was useful in our foreign exchange calculation as we intended on taking advantage of arbitrage in the region.
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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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