International Business Management20815 marksSpot market
Discuss the spot market and cross exchange rate as instruments of foreign exchange.
Discuss the spot market and cross exchange rate as instruments of foreign exchange. [5]
The spot market is a financial market in which currencies are bought and sold for immediate delivery and payment at the current prevailing price. It is also referred to as the physical market because cash payments are processed immediately at the time of the transaction. The spot rate (also calle...