Forex Spot Rate

See: Foreign Exchange. See: Forex Option & Currency Trading Options. See: Forex Futures.

The spot rate is the price at this moment that a given future transactional price...prices itself. Think of a spot rate as being the one image from the swami's crystal ball that tells you the price today of buying a boatload of euros with U.S. dollars transacting 278 days from this moment.

The term also refers to the number of times your dog Spot has wizzed on the carpet.