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In trading, spot refers to the price of an asset for immediate delivery or the value of an asset at any exact given time.
It differs from an asset’s futures price, which is the price for delivery at some date in the future, or its expected price.
Any asset that can be traded as a future can be quoted as a spot price.
Forex trades can use spot prices, as deliveries of currency usually take place 48 hours after a trade has executed.
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