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A premium is deducted from the existing spot rate.

货币贴息从当前即期汇率中扣除.

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What is spot rate?

什么是即期汇率?

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The outright rate is the spot rate adjusted by the points of discount or premium.

直接标出的汇率是按升水或贴水的点调整的即期汇率.

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So spot rate is for immediate delivery and forward rate is for delivery later.

所以即期汇率就是在即期交易时的汇率,而后者就是在期货交易时的汇率.

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