The spot forex rate differs from the forward rate in that it prices the value of currencies compared to foreign currencies today, rather than at some time in the future. A:The forex spot rate is determined by supply and demand. The German client has to pay the American supplier in dollars. The German client has euros and these euros currency trading forex spot rates formula to be exchanged then for dollars. Cookies cannot be used to identify you personally. To block, delete or rorex cookies, please visit aboutcookies.org.
Restricting cookies will prevent you benefiting from some of the functionality of our website. For other uses, see Forex (disambiguation). Our customers can enjoy international money transfers with zero OFX transfer fees. This fee may vary and OFX receives no portion of it. Whether you want to transfer euros to dollars or loonies to rupees, this is the place to check live and historical currency exchange rates.
With these tools, you can time your transfer, so your international payments go further. Interbank rates, also commonly referred to as market rates, are the official live conversion ratse for a given currency pair. M.