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Glossary

Navigate the complex world of currency management with our comprehensive dictionary of financial terms and definitions.

spot trade

A spot trade is an agreement to deliver some amount of one currency for another currency in two business days. There is an exception to this rule. The Candadian dollar when traded against the U.S. dollar, settles in one business day. According to data from the Bank for International Settlements (BIS), turnover in the spot FX market was ab0ut $2.0 trillion per day.