Symbol | Currency | Country |
USD | Dollar | United States |
EUR | Euro | Member countries of the Eurozone |
JPY | Yen | Japan |
GBP | Pound | UK |
CHF | Franc | Switzerland |
CAD | Dollar | Canada |
AUD | Dollar | Australia |
A spot market is a market whereby a deal takes place at the current price, be it a currency transaction or some other financial instrument. This is different to a futures market, where contracts make take months to conclude. Whilst futures exist in Forex trading, most Forex traders use the spot market. Settlement of Spot transactions occurs within two working days.
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