spot rate
The exchange rate for which currencies are traded and available for immediate delivery. Originally derived from the phrase" on the spot", the most commonly quoted forex rate for a currency pair is its spot rate, which implies that delivery will occur in two business days for most currency pairs, or in one Business Day for USD/CAD.
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forward discount
interest rate parity
unbiased expectations hypothesis
outright forward (NDF)
Foreign Currency Futures And Options
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