Definition of
spot exchange rate
Currency & Exchange
current exchange rate the exchange rate used for immediate currency transactions ...
Spot exchange rate
Definition: The spot rate is the exchange rate existing in the market at any given moment in time. It is the rate you would be able to buy foreign currency at "now".
Spot Exchange Rate
The price of one currency expressed in terms of another currency at a given moment in time.
Spot Market ...
Spot exchange rates
exchange rate on currency for immediate delivery. Related: forward exchange rate.
Stock ...
Spot exchange rate
The spot exchange rate is the current rate of exchange for immediate delivery of one currency against another.
Spot price ...
Spot exchange rates
Exchange rate on currency for immediate delivery. Related: forward exchange rate.
Spot futures parity theorem ...
s is the spot exchange rate, expressed as the price in currency a of a unit of currency b;
f is the corresponding forward exchange rate;
ra and rb are the interest rates for the respective currencies; and ...
Philadelphia Stock Exchange (PHLX) A securities exchange trading American and European foreign currency options on spot exchange rates.
A Variable Rate FX Forward is a hedging tool designed to provide protection at a known worst case rate while providing for an improvement in the forward rate if the spot exchange rate moves in the client's favor.
Currency Swap - An exchange of equal initial principal amounts of two currencies at the spot exchange rate. Over the term of the agreement, the counter parties exchange fixed or floating rate interest payments in their swapped currencies.
arbitrage that exploits and thereby eliminates differences between spot exchange rates, forward exchange rates, and interest rates on deposits, thus creating interest rate parity.
Dictionary of Banking Terms
covered interest arbitrage ...
In currency markets, the swap rate is the forward points on a currency rate - the adjustment to the spot exchange rate that has to be made to compensate for interest rate parity differences between spot and forward foreign exchange rates.
FORWARD PARITY - Notion that the forward rate is an unbiased predictor of future spot exchange rates.
FORWARD PREMIUM - A currency trades at a forward premium when its forward price is higher than its spot...
Effective Exchange Rate - Spot exchange rates that are actually paid or received by the general public, including taxes on any transactions as well as bank commissions.
A securities exchange trading American and European foreign currency options on spot exchange rates.
Philippine Stock Exchange
Stock exchange based in the Philippines, which operates two trading floors, at Manila and Makati.
Spot exchange rates and 30-day forward exchange rates are used as currency data. The currency effect has two components: currency management effect (the results of managing currency surprise) and the forward premium effect.
The spread between two different facilities or between spot and forward rates. (An indicator of future changes in the spot exchange rate).
Français: Différence entre les taux d'intérêt
Español: Diferencial de los tipos de interés ...
International Fisher Effect: A theory that the spot exchange rate should change by an amount equal to the difference in interest rates between two countries.
An adjective describing an outlook or opinion that expects an appreciation of the spot exchange rate.
Cable
USD/STG ...
However, if USD depreciated relative to CAD, the investor would receive the amount saved from use of the spot exchange rate in the option contract and the foreign-equity portfolio value, less the premium paid for the call option.
Exactly the same formula is used to price options on foreign exchange rates, except that now q plays the role of the foreign risk-free interest rate and S is the spot exchange rate. This is the Garman-Kohlhagen model (1983).
The condition in international economics whereby the discounted spread between the domestic and foreign interest rates equals the percentage spread between expected future spot and spot exchange rates.
Also called the spot exchange rate.
Spread
1. The difference between the price one must pay to buy something, such as a currency, and the price one receives for selling it.
2.
 See also: Spot exchange rates, Banks, Tender Offer, Values, Currency option
  
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