An exchange rate, also known as a foreign-exchange rate, Forex rate or FX rate between two currencies is the rate at which one currency will be exchanged for another. Exchange rates are determined in the foreign exchange market, where the spot exchange rate refers to the current exchange rate, whilst the forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.