Foreign Exchange Date Conventions
In foreign exchange markets, there are four key dates to consider when trading currency options in a particular currency pair:
- Horizon
- the date on which the trade originates (usually today)
- Spot
- the date on which the initial transfer of funds takes place
- Expiry
- the date on which instrument expires
- Delivery
- the date on which the final transfer of funds generated from the maturity of the instrument takes place
These dates can be summarised on the following timeline:
Read more about Foreign Exchange Date Conventions: Calculating Spot Dates, Calculating Expiry and Delivery Dates
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