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Forex Trading What is a foreign exchange spot rate?
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Question by: Henry - 08 May 2014, 08:58:18
What is a foreign exchange spot rate?
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Answer by: Joseph - 07 Jan 2015, 03:53:03

The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.

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