Spot Rate

What Does It Mean?
What Does Spot Rate Mean?
The spot price or spot rate of a commodity, a security or a currency is the price that is quoted for immediate settlement which is payment and delivery. Spot settlement is normally one or two business days from trade date.
Investopedia Says
Investopedia explains Spot Rate
The spot price reflects market expectations of future price movements.for a security or non-perishable commodity (e.g., gold).
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MARKETPLACE
TRADING CENTER
CURRENT HIGH YIELD SAVINGS RATES
Type
Overnight avgs
Rate data provided by
Bankrate.com
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