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Spot Rate

What Is the Forex Spot Rate?

The forex spot rate is the current exchange rate at which a currency pair can be bought or sold. It is the prevailing quote for any given currency pair from a forex broker. In forex currency trading it is the rate that most traders use when trading with an online retail forex broker.

KEY TAKEAWAYS

  • The forex spot rate is the regularly published continuous quote of exchange rates for all currency pairs.
  • The spot rate differs from the forward or swap rate.
  • The spot rate is not discounted for the delay in delivery, which gets added to the overnight rollover credit.

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