What is the "SPOT course"?

Spot rate (SPOT) or FX transaction „tdy” (today); „tom” (tomorrow); „spot” (over two days): it is a transaction of selling or buying an amount in one currency in exchange for another currency.

The exchange rate is predetermined and may have 3 settlement dates for the transaction:

➤⠀„tdy”: today / today (t+0);

➤⠀„tom”: tomorrow / tomorrow (t+1);

➤⠀„spot”: in two days (t+2).