Spot Transaction

In the interbank foreign exchange market, a spot deal is settled on the 'spot date', which is normally two business days after the trade date (T+2), allowing time for confirmation and payment across time zones. Some currency pairs settle on T+1.

Shorter settlements also exist: value today (cash) settles on the trade date, and value tomorrow (tom) settles the next business day. Deals settled later than spot are forward transactions.

The spot rate is the benchmark for all other foreign exchange prices: forward rates are derived from it by adding or subtracting the forward points, and cross rates between two non-dollar currencies are usually calculated through their spot rates against the US dollar.

For retail customers in Nepal, buying or selling foreign currency at a bank counter or converting a remittance is effectively a spot conversion at the bank's buying or selling rate for that day, which is set with reference to NRB's published rates and market conditions.

अन्तरबैंक विदेशी विनिमय बजारमा स्पट कारोबार सामान्यतया कारोबार मितिपछि दुई कार्यदिन (T+2) मा फर्छ्यौट हुन्छ; केही मुद्रामा T+1 हुन्छ। सोही दिन फर्छ्यौटलाई value today (cash) र भोलिपल्टलाई value tomorrow (tom) भनिन्छ। स्पटभन्दा पछि फर्छ्यौट हुने कारोबार फरवार्ड हुन्।

स्पट दर अन्य दरको आधार हो: फरवार्ड पोइन्ट जोडघटाउ गरी फरवार्ड दर र अमेरिकी डलरसँगको स्पट दरबाट क्रस दर निकालिन्छ। नेपालमा बैंक काउन्टरमा विदेशी मुद्रा किनबेच वा विप्रेषण परिवर्तन व्यवहारतः उक्त दिनको खरिद/बिक्री दरमा हुने स्पट कारोबार हो।