Spot Currency Market

Spot Currency Market

A market in which a currency bought or sold is delivered in two business days (except for the Canadian dollar, which is delivered in one business day). It differs from currency derivatives markets like futures contracts.
References in periodicals archive ?
As the spot currency market opened its first trading day of the week, the peso was quoted lower by eight centavos at P45.
Peso hits P45.45, lowest in four years
The central bank said that it would extend daily dollar purchases for two months in the spot currency market to control the appreciation of the peso.
-Central bank of Columbia to extend dollar purchases
15bn in spot currency markets in October, according to the bank's November bulletin, its biggest one-month intervention since the RBA began keeping records in 1995.
RBA spends USD3bn defending Australian dollar
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