Cryptocurrency Q&A
What is a spot rate in foreign exchange?
What is a spot rate in foreign exchange?
QuasarGlider
Tue Jan 28 2025
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answers
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A spot rate in foreign exchange refers to the current market price for exchanging one currency for another at a specific time, with settlement typically occurring two business days after the transaction date.
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AndrewMiller
Thu Jan 30 2025
In the realm of foreign exchange, the concept of the spot rate plays a crucial role.
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Bianca
Thu Jan 30 2025
The spot rate refers to the exchange rate at which two currencies are agreed to be exchanged for delivery on a specific future date.
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EnchantedPulse
Wed Jan 29 2025
This date is predetermined and stated within the agreement.
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alexander_smith_musician
Wed Jan 29 2025
BTCC, a leading cryptocurrency exchange, offers a range of services including spot trading.
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BlockchainVisionary
Wed Jan 29 2025
In a forward exchange market contract, parties involved commit to conducting a transaction at a prearranged exchange rate.
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