A spot trade is a contract to buy or sell currency for “immediate” delivery.
If you run an import or export business that is affected by exchange rate fluctuations, the need for foreign currency can arise quickly. With a spot trade, you can address your currency requirements in your currency account, as soon as the need arises.
If you need to transfer more than NOK 3 000 000 abroad, we can offer a foreign exchange contract for your payment order. With an exchange rate contract, you lock in the exchange rate for the international payment. Exchange rate contracts are binding and can only be entered into through consultation with a DNB Carnegie FX broker.
A spot trade, or spot transaction, is a contract to buy or sell a security for “immediate” delivery.
Spot trading can be used to buy and sell foreign currency, a financial instrument or a commodity.
When buying a home abroad, non-professionals may need a spot currency transaction.
Get in contact with us by phone on +47-24-16-90-90 if you want to find out about how to make a spot trade or enter into an exchange rate contract as a non-professional.
This may be suitable when buying a holiday home, for example, or other large capital investments abroad.
Our FX and IR Risk Seminar is a practical course for businesses who want better control over financial market risk. The course gives you a basic understanding of the foreign exchange and money markets in addition to the instruments used to control risk.
How to hedge against the effects of exchange rate changes?
How to hedge against major foreign exchange fluctuations?
How to hedge against fluctuations in commodity prices?
Find different foreign exchange rates here.
With DNB MET, your business can monitor and trade currencies 24/7.
Our experts help you prepare hedging strategies.
