Spot rate

Spot rate,

Definition of Spot rate:

  1. 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?

  1. The spot rate might be too high and I would not be overseas anyways, so I had no issues at all with it.
  2. The spot rate was useful in our foreign exchange calculation as we intended on taking advantage of arbitrage in the region.
  3. 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