Examlex
Which voting trend have theorists found across the developed world?
Spot Rate
The current market price used to directly exchange one currency for another, for immediate delivery.
Forward Rate
The agreed-upon exchange rate for a currency transaction that will occur at a future date.
Average Rate
The average rate is a mean exchange rate over a specified period, used for accounting purposes to convert foreign currencies into the functional currency.
Foreign Exchange Gain
A profit resulting from changes in the exchange rate between the base currency and the foreign currency in which a transaction is denominated.
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