Foreign Exchange: Spot Quotations
Interactive

Foreign Exchange: Spot Quotations

Intuition Publishing
Updated Sep 24, 2020

Currency traders trade with one another, using a common quotation system. Without a common standard for price quotations, trading would be more cumbersome and prone to errors. Here we discuss the market quotations with respect to how prices are quoted, how currency pairs are quoted, and when currency trades are settled in the spot market.