Answer:
__The Spot________ rates indicate the exchange rate of one currency in units of another currency immediately.
Explanation:
For an immediate settlement on a commodity, a security, or a currency, the spot rate is used. It is the current market value of an asset at the moment of the transaction using the current market exchange rate. It reflects the current supply and demand for an asset in the current market. It contrasts with the Forward rate, which is future-oriented or forward-looking.
