Spot foreign exchange trading (SpotExchangeDeals)

The date of delivery or the date of interest is the foreign exchange paction, the so-called delivery day or the interest day, which is the second working day after the trading day. It is also the expiration date of the foreign exchange purchase contract. On that date, the seller and the buyer exchange money.

Spot foreign exchange trading is the most basic paction in foreign exchange pactions, which can meet customers' needs for different currencies.

For example, an import and export company holds US dollars, but the currency for payment of foreign commercial contracts is Japanese yen, which can be sold through spot foreign exchange, selling dollars and buying yen to meet the yen demand for external payments.

Spot foreign exchange trading can also be used to adjust the proportion of different currencies holding foreign exchange positions in order to avoid foreign exchange risks.

For example, a country's foreign exchange reserves have a larger share of the US dollar, but in order to prevent losses caused by the US dollar, we can sell part of US dollars, buy yen, German Mark and other currencies to avoid foreign exchange risks.

In addition, spot foreign exchange trading is also used for foreign exchange speculation.