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FX spot - Financial definition

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Synonym:  spot currency transaction

Concise definition of the term FX spot

An FX spot transaction is the purchase or sale of one currency against another, with delivery, for most currency pairs, two business days after the trade date.

Comprehensive definition of the term FX spot

Every freely convertible currency can be traded in an FX spot transaction. The FX spot market is an OTC market, where the huge majority of transactions is traded between banks.

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