Spot rate意思

"Spot rate" is a term used in finance and economics, particularly in the context of foreign exchange (forex) markets. It refers to the current market price at which a currency can be bought or sold for immediate delivery. In other words, it is the price of a currency pair that is quoted for immediate settlement, as opposed to a forward or futures contract, which are agreements to buy or sell a currency at a future date.

The spot rate is the prevailing exchange rate at which a currency can be exchanged for another currency at this very moment. It is also known as the "spot price" or "spot exchange rate." When someone buys or sells a currency in the spot market, the transaction is typically completed within two business days.

Spot rates are constantly fluctuating due to various factors such as economic conditions, interest rate differentials, political stability, and market sentiment. Forex traders, investors, and international businesses closely watch spot rates to make informed decisions about currency transactions.

In summary, the spot rate is the immediate or current exchange rate at which a currency can be bought or sold.