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The comment stream

Reader poll

Yes. The price of crude oil globally is falling so this means the price has to naturally go below $2 at the pump.
52% (150 votes)
No. The oil companies won't let it drop that low.
24% (69 votes)
No. When you take into account the various taxes and duties the price of oil has to drop even further to warrant a sub $2 price at the pump and that is not going to happen.
19% (54 votes)
No. The oil price has bottomed.
6% (16 votes)
Total voters: 289

Will the price of unleaded 91 petrol fall below $2 at the pump?

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Spot rates

Posted in Currencies

The spot rate is simply the current interbank (or wholesale) market rate as determined by supply and demand, and is what is reported on sites like this one.

Apart from a retail transaction (over the counter), in a wholesale spot transaction the currency that is bought will be receivable in two days while the currency that is sold will be payable in two days. (This applies to all major currencies with the exception of the Canadian Dollar, which is dealt “same day”.)

In retail transactions you pay and receive currency on the same day, apart from T/T transactions which will usually take two days to appear in the receiving account.