A spot rate may be defined as the price a foreign currency can be purchased or sold today. the price today at which a foreign currency can be purchased or sold in the future. the forecasted future value of a foreign currency. the u. s. dollar value of a foreign currency.

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Cristofer

Business

28 January, 20:58

A spot rate may be defined as the price a foreign currency can be purchased or sold today. the price today at which a foreign currency can be purchased or sold in the future. the forecasted future value of a foreign currency. the u. s. dollar value of a foreign currency.

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Osvaldo Brady · Answer 1

The answer is " the price a foreign currency can be purchased or sold today."

The foreign trade spot exchange, otherwise called FX spot, is an understanding between two gatherings to get one money against offering another cash at a concurred cost for settlement on the spot date. The conversion scale at which the exchange is done is known as the spot swapping scale.