Specifically, the spot market, where the currencies and sold at current prices to buy. This price is determined by supply and demand reflects a lot of things, including current interest rates, economic performance, sentiment towards current political situations (both locally and internationally ), And the perception of the future performance of one currency against another. If an agreement is reached, what is known as "deal spot". It is a bilateral transaction where one of the parties creates an agreed partner amount and receives a certain amount of another currency at an agreed price. As soon as the position closed, cash settlement. Although the spot here market in general that, take transactions in this (and not in the future), these transactions made two days settlement deals is known.
