Mahathir Mohamad, one of the former Prime Ministers of Malaysia, is one well-known proponent of this view. He blamed the devaluation of the Malaysian ringgit in 1997 on George Soros and different speculators. A spot transaction is a two-day delivery transaction , versus the futures contracts, which are normally three months. This commerce represents a “direct exchange” between two currencies, has the shortest time-frame, involves cash rather than a contract, and interest isn’t included in the agreed-upon transaction. Spot buying and selling is probably one of the most common kinds of forex trading.
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