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Username: Andrew

Rating:
Guru Stars

Asked to: Apinya Kamon

Date Created: 06 Nov 2017
Category 17
Tag Financial
Question What is the 'Spot Rate'?
Advice from Guru
Hello Andrew,

The price quoted for immediate settlement on a commodity, a security or a currency. The spot rate, also called “spot price,” is based on the value of an asset at the moment of the quote. This value is in turn based on how much buyers are willing to pay and how much sellers are willing to accept, which depends on factors such as current market value and expected future market value. As a result, spot rates change frequently and sometimes dramatically.

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