What exactly is the Spot Exchange?
A clear and simple definition is, a Spot exchange refers to the exchange rate at the time of any given currency pair’s immediate exchange. To be more clear – it is the price that is agreed during a transactions, exactly at the point of sale.
WHAT EXACTLY IS AN EXCHANGE RATE?
Let’s find out exactly what this expression “exchange rate” is, which we hear all the time, and also what the elements are which break this phrase up into digestible chunks…
Why does the value of a currency go up or down?
So why does the value of a currency really go up or down? What do we know for sure right now?
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