"Between two major currencies, the spot exchange rate is the rate" and the forward exchange rate is the rate . A. on that date; today B. on that date; at some specified future date C. at some specified future date; on that date D. today; on that date

Spot rate refers to the exchange rate between two currencies prevailing as on that particular date when the exchange rates are inquired with a purpose to hedge the future risk owing to exchange rate fluctuations. For example,

1 CHF = USD 1.01

A forward rate on the other hand refers to the exchange rate provided today which would be applicable on a specified future date. For example, if a UK exporter visits his bank to know the 6 month forward rate to cover his export exposure.

Forward contracts are for the purpose of hedging or risk reduction which may arise in future on account of currency rate fluctuations.

"Between two major​ currencies, the spot exchange rate is the rate"​ ________ and the forward exchange rate is the rate​ ________. A. on that​ date; today B. on that​ date; at some specified future date C. at some specified future​ date; on that date D. ​today; on that date

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"Between two major currencies, the spot exchange rate is the rate" and the forward exchange rate is the rate . A. on that date; today B. on that date; at some specified future date C. at some specified future date; on that date D. today; on that date