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.
- 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.