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Spot exchange rate is the rate of exchange between two currencies?

(a) for immediate delivery

(b)for future delivery

(c)for delivery at a particular spot in future

(d)None of the above

Accounting Financial Accounting Foreign Exchange Management Finance Financial Statements
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Question added by Mohamed Hakeem Meerashahib , Branch Manager , Sri Lanka State Trading (General) Corporation
Date Posted: 2016/03/21
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Asim Chand
by Asim Chand , Accountant General , Busan auto parts trading

correct answer is choice (A)

mohammad saleem
by mohammad saleem , 3PL Branch Finance Manager , Binzagr Company

(A) is the correct answer as a spot rate is the rate of a foreign exchange contract for immediate delivery also called benchmark rate or outright rate, it represents the price that a buyer expects to pay for a  currency in another currency

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