Definition of Spot rate:
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.
How to use Spot rate in a sentence?
- The spot rate might be too high and I would not be overseas anyways, so I had no issues at all with it.
- The spot rate was useful in our foreign exchange calculation as we intended on taking advantage of arbitrage in the region.
- If you want to break down how well an investment has been doing you should compare its value to the spot rate .
Meaning of Spot rate & Spot rate Definition