An agreement to exchange currencies at some point in the future using an agreed-upon exchange rate is called a spot trade.
A foreign exchange spot transaction, also known as an FX spot, is an settlement between two events to buy a currency in exchange for the sale of another foreign money at an agreed charge for settlement at the day of the spot. The alternate price at which the transaction is made is called the spot exchange rate.
A spot rate is the price of an asset like a commodity, an hobby price, or the change rate of a currency in a transaction concerning immediate delivery and charge. Transactions that settle right away are stated to arise inside the spot marketplace because they arise “on the spot.”a spot price is the price of an asset like a commodity, an hobby rate, or the alternate fee of a currency in a transaction related to immediate delivery and fee. Transactions that settle at once are stated to occur in the spot marketplace because they occur “on the spot.”
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