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"spot rate" is correct and usable in written English.
It is used to refer to the current price for a currency, especially in terms of a foreign exchange transaction. For example, "The spot rate for dollars to euros is currently 1.25."
Exact(55)
For example, a withholding agent may use a month-end spot rate or a monthly average spot rate.
Expectations theory says that the forward rate equals the expected spot rate.
The spot rate has responded by falling another 1.6% on Tuesday, likely forcing a further devaluation.
The forward-exchange rate will, like the spot rate, be continually varying.
A good measure of the environment is the spot rate for carriage on container ships; it has crashed.
That is why high-interest currencies trade at a discount to their current or "spot" rate in forward markets.
Similar(5)
Because spot exchange rates and average rates differ, says Martin Brookes of Goldman Sachs, another American investment bank, spot rates would jump to the average.
The spot rates -- for commercial time that was not reserved in May -- have fallen slightly, Mr. Staggs said.
7. Avoid long-term media commitments at the outset of the downturn; wait for falling spot rates before buying media.
Mr. Isidori was the executive sous chef of the Nemo Restaurant, a Miami South Beach spot rated one of the nation's top 150 restaurants by the Zagat Survey.
In their complaint, investors including the city of Philadelphia, hedge funds and public pension funds accused 12 banks of having conspired since January 2003 in chat rooms, instant messages and emails to manipulate the WM/Reuters Closing Spot Rates.
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CEO of Professional Science Editing for Scientists @ prosciediting.com