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General TradingF
Forex Spot Rate
The forex spot rate is the current exchange rate at which a currency pair can be bought or sold for immediate delivery, typically settled within two business days. It reflects real-time supply and demand and is the basis for most retail forex trading.
Example
“The forex spot rate for GBP/USD was 1.2650 at the time of the trade, meaning the trader paid $1.2650 for each British pound purchased for immediate settlement.”