Spot exchange refers to international financial market Yes Free trade , also known as“ Free foreign exchange ”。 stay international settlement Foreign exchange widely used in China, which can be repaid internationally and freely convertible into the currencies of other countries. The countries issuing these coins Exchange control Some countries have even basically abolished foreign exchange control, while some countries have implemented strict foreign exchange control, Local currency Not freely convertible into international Foreign currency 。 According to Article 8 of the IMF Agreement, General Obligations of Member States, three conditions must be met for a country's currency to become a spot exchange:
1、 For the country Balance of payments Current account items in（ Trade And non trade payment ）And fund transfer without restrictions. 2、 No discriminatory monetary measures or multiple measures Currency exchange rate 。 3、 In another member state At any time upon request Compulsory purchase Return to the other party current account Local currency balance in current transactions. Convertible currency in the world exchange It is widely used in settlement international financial market It can be freely bought and sold, and can be freely converted into the currency of other countries. In international trade, use these freely convertible Currency settlement Of Import and export trade call Spot trade 。 
