Forex spot transactions

If amounts in two freely convertible currencies are exchanged at a previously fixed rate today, one speaks of a spot or cash transaction.

Spot transactions involve the exchange of two currencies with settlement in two working days' time. This means that the value date of the foreign currency amounts is two days after conclusion of the spot contract. This value date is an international standard.

Given the different time zones, current forex rates are regularly quoted virtually 24 hours a day.


Contact

Landesbank
Baden-Württemberg
Am Hauptbahnhof 2
D-70173 Stuttgart

Tel.:+49 711 127-74554
Fax: +49 711 127-74317
info@LBBW-international.de »