In terms of currency exchange, the "spot price", also knowns as "spot exchange rate", is simply the current price (usually set by the foreign exchange markets) for how much of a currency one can exchange for a different currency.
Join VC Lab
VC Lab, the leading venture capital accelerator, empowers new and emerging managers worldwide to close ethical, high-performing funds in under six months. The program provides cutting-edge tools, expert mentorship, and a global network to raise more money in less time. Apply if you want to build a meaningful venture capital firm.
