Spot exchange rate refers to the current market exchange rate for the spot sale of foreign exchange.
即期汇率是指即期售汇的现行市场汇率。
英语百科
Spot market
The spot market or cash market is a public financial market in which financial instruments or commodities are traded for immediate delivery. It contrasts with a futures market, in which delivery is due at a later date. In spot market, settlement happens in t+2 working days, i.e., delivery of cash and commodity must be done after two working days of the trade date. A spot market can be: