Banking Archives - Page 2 of 3 - Dictionary of International Trade

A B C D E F G H I K L M N O P R S T U V

Se Si So Sp St Sw

Spot exchange

The purchase and sale of foreign exchange for delivery and payment at the time of the transaction.

The price of one currency expressed in terms of another currency at a given moment in time.

The market (or exchange) for a commodity or foreign exchange available for immediate delivery (usually one or two days after the transaction date).

A price quotation for immediate sale and delivery of a commodity or currency.

Rate of exchange quoted for purchases and sales of a foreign currency for immediate delivery and payment.