What is an FX spot rate and how is it determined?

What is an FX spot rate and how is it determined?

What is an FX spot rate and how is it determined? – What is an FX spot rate and how is it determined? Ah, the million-dollar question (or, more accurately, the million-euro, -yen, or -dollar question!). Imagine the global financial markets as a giant, slightly chaotic, currency swap meet. At the heart of this bustling … Read more