spotkurssi

Spotkurssi, or spot rate, is the price at which a currency or commodity can be exchanged for immediate delivery and settlement. In foreign exchange markets, the spot rate represents the current value of one currency in terms of another for immediate settlement, typically with a value date two business days after the trade date (T+2). The spot rate is cited as a two-way quotation, consisting of a bid (the price at which the market maker buys) and an ask (the price at which the market maker sells). The mid-point is often used as a reference, while the actual execution price includes the spread and any fees.

Spot rates are determined by supply and demand in the spot market and are influenced by factors such as interest rate differentials, liquidity, macroeconomic data, and geopolitical developments. For currencies, a related concept is the forward rate, which is derived from the spot rate adjusted for interest rate differentials; the difference, expressed as forward points, reflects expectations about future changes in exchange rates.

In practice, spot rates are used for immediate currency conversions, travel, and commercial payments, as well as for mark-to-market valuations of positions that require immediate delivery. In commodities markets, the spot price likewise refers to the price for immediate delivery of the commodity, though actual delivery terms can vary by market and contract specifics.

Spotkurssi is published by banks, financial institutions, and data providers, and may vary slightly between sources due to liquidity, timing, and rounding.