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Spot Rate
The current market price at which a particular currency can be bought or sold for immediate delivery.
Forward Rate
The agreed-upon exchange rate for a currency transaction that will occur at a future date, used as a hedging instrument against currency fluctuations.
Average Rate
An indicative value representing the mean of several different rates or prices, commonly used in finance.
Exchange Rates
The value of one currency for the purpose of conversion to another.
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