What is Spot Rate?
The spot price or spot rate of a commodity, a security or a currency is the price that is quoted for immediate settlement which is payment and delivery. Spot settlement is normally one or two business days from trade date. Read more for examples and further explanation including related video clips and also comments
Example explains Spot Rate
The spot price reflects market expectations of future price movements.for a security or non-perishable commodity (e.g., gold).
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