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Spot and Forward Trading |
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Spot
Bid/Offer
Forward Outright
FX swap
Premium/Discount
Calculating
Premium and Discount
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 EDUCATION |
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Online Tutorial |
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Spot Definition : Exchange of
two currencies at an agreed upon exchange rate for cash delivery. Cash delivery
is considered to be two business days, except for the Canadian dollar, which
is one business day. |
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Bid/Offer Bids and Offers are
quoted in terms of the base currency. 1 Base unit is how many units of the
other currency |
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Forward Outright A Forward Outright
is a single exchange of two currencies at a predetermined rate for future
delivery. (Spot + Forward Points) |
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FX swap A Foreign Exchange Forward
is an exchange of two currencies at a predetermined rate for any date other
than spot delivery. A FX Swap is an agreement to make an initial exchange
of currencies for spot value with a reversal of that exchange at some future
date. Differs from a forward outright in that two deliveries take place.
Comparable to borrowing or lending. |
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Premium/Discount Premium/Discount
is the interest rate differentials between two currencies |
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Calculating Premium and Discount
Calculating exemples |
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