Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Spot Exchange Rate

Updated on 2023-08-29T11:56:56.993733Z

Usually set by the forex market, spot exchange rate is the price that a buyer pays towards the exchange of one currency to another. The settlement date for cash delivery is generally two business days from the date of a spot currency transaction.