Business help centre

What is a foreign exchange spot transaction?

A foreign exchange spot, also called a “spot”, consists of exchanging two currencies at a negotiated rate within two days of trading. This date is called the “spot” date.

Related questions

Can I place foreign exchange contracts for any term? Contact your foreign exchange trader to learn the maximum term you can place foreign exchange contracts from your online platform,
Can I place market orders? It’s not possible to place market orders right now, but this option will be available in the future in your online platform.
Does National Bank have an international presence? National Bank of Canada is present in several major cities around the world to better meet the needs of our clients, both in our brancnes and online.
Do I still have access to a trader for my operations? Learn about how you can access your foreign exchange trader for your transactions in our online banking for business.
How can I access technical support? Here’s how you can access technical support when using the foreign exchange platform from online banking for business.