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Spot Exchange Rate
The rate of a foreign-exchange contract for immediate
delivery.
Also known as "benchmark rates", "straightforward
rates" or "outright rates", spot rates represent the price
that a buyer expects to pay for a foreign currency in
another currency.
The rate of a foreign-exchange contract for immediate
delivery.
Also known as "benchmark rates", "straightforward
rates" or "outright rates", spot rates represent the price
that a buyer expects to pay for a foreign currency in
another currency.