Cash price, also known as the spot price, is the price at which a financial instrument such as a commodity, currency, or security can be bought or sold for immediate delivery or settlement in the cash market. In the forex market, the cash price is the exchange rate between two currencies that is available for immediate delivery.
The cash price is different from the futures price, which is the price of a financial instrument for future delivery or settlement. The cash price is influenced by various factors such as supply and demand, market sentiment, economic data, and geopolitical events. Traders and investors use the cash price to determine the current market value of a financial instrument and make informed trading decisions.
In summary, the cash price is the price of a financial instrument that can be bought or sold for immediate delivery or settlement in the cash market.