Spot Exchange Rates

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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.

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