What is the difference between spot rates and forward rates
{"Image DocumentName": "What is the difference between spot rates and forward rates?", "Image ImageDescription": "A spot rate is the rate applied to buy currency for immediate delivery. A forward rate is the rate applied to buy currency at some agreed-upon future date. Forward rates are normally reported as indirect quotations.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}