Question

define spot rate?

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and please dont spam here​

Answer 1

Answer:

The spot rate is the price quoted for immediate settlement on a commodity, a security or a currency. The spot rate, also referred to as the "spot price," is the current market value of an asset at the moment of the quote. ... Simply put, the spot rate reflects the supply and demand for an asset in the market.

Answer 2

Answer:

It is a financial market were financial security were brought and sold which are delivered immediately