Spot Exchange Rates

Posted in Finance, Accounting and Economics Terms, Total Reads: 803
Advertisements

Definition: Spot Exchange Rates

Spot exchange rate is the foreign exchange rate for immediate delivery of goods. In other words, if a person is looking to make any foreign exchange transaction immediately then the rate applied is the spot exchange rate.

Example: The Spot exchange rate for GBP/USD is 1.85. It means that at present 1$ can be exchanged against 1.85 GBP.



Search & Explore : Management Dictionary

Browse definitions and meaning of more concepts and terms similar to Spot Exchange Rates. The Management Dictionary covers definitions and overview of over 7000 business concepts from 6 categories.



Share this Page on:

Similar Definitions from same Category: