According to this morning's The National Post, you can exchange $1 CDN for $.93 U.S. today. Thus, the ________ is $.93 Canadian.

Name: According to this morning's The National Post, you can exchange $1 CDN for $.93 U.S. today. Thus, the ________ is $.93 Canadian.
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Question

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The correct term is "spot rate," which refers to the current exchange rate at which one currency can be immediately exchanged for another. In this context, the spot rate is $.93 U.S. for $1 CDN.

According to This Morning's the National Post, You Can Exchange