GangnamGlitter
Tue Sep 10 2024
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0 answers
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What is a spot rate in foreign currency exchange?
Could you please elaborate on what a spot rate represents in the context of foreign currency exchange? How is it determined, and what role does it play in facilitating transactions between different currencies? Is it a fixed or variable rate, and what factors influence its fluctuations? Understanding the nuances of this concept would greatly assist in navigating the complex world of international finance.
