How are spot exchange rates determined
8 Nov 2017 A forex spot rate is determined by supply and demand of currencies. Banks all over the world are buying and selling different currencies to 21 Oct 2009 In fact, forward rates can be calculated from spot rates and interest rates using the formula Spot x (1+domestic interest rate)/(1+foreign interest Foreign Exchange Reference Rate : Jakarta Interbank Spot Dollar Rate will be used as the mid rate for determining BI Foreign Exchange Transaction Rates.