FX Spot

A foreign exchange spot contract (FX spot) is an agreement between a client and CurrenCpay to buy one currency against selling another at an agreed price for settlement on the spot date.
The standard settlement timeframe for FX spot contracts is T+2; i.e., two business days from the trade date.

A business day is generally considered to be Monday through Friday from 9am to 5pm local time, and excludes weekends and public holidays.
The exchange rate at which the transaction is booked is called the spot exchange rate.

Clients can book a spot exchange rate online via the CurrenCpay platform or by contacting CurrenCpay at 1300 888 620.

To access the CurrenCpay platform online, please click on our Online Application.