What is the difference between Spot and Cross currency?
Spot currency (direct quote) is the foreign exchange rate quoted as the domestic currency per unit of the foreign currency, i. e., it involves a quote in fixed units of foreign currency against variable amounts of domestic currency. For example, if your account currency is USD, a direct quote for you will be EUR/USD, GBP/USD, AUD/USD, etc.
Cross currency (indirect quote) is a currency quotation that expresses the amount of foreign currency required to buy or sell one unit of the domestic currency. For example, if your account currency is USD, a indirect quote for you will be USD/JPY, USD/CAD, USD/CHF, etc.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By continuing to use the website, you agree with our cookie policy.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
The service is not provided in your country of residence.
