Spot Rate

Fundamentals

The current market price to exchange one currency for another for near-immediate settlement — the live rate you trade off.

The spot rate is the current market price for exchanging one currency for another, for (near) immediate settlement — typically within two business days (T+2) in the interbank market. It's the rate you see quoted live on any trading platform and the reference point every forward or swap price is built from. Retail forex and CFD trading is priced continuously off the spot rate, with brokers marking it up slightly via the spread.

Related terms

Currency Pair →Forward Rate →

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