Foreign exchange basics
{"Image DocumentName": "Basics in Foreign Exchange", "Image ImageDescription": "Foreign exchange instruments include. Spot transaction \u2013 exchange takes place within 2 days of a trade agreement; uses the spot rate. Outright forwards \u2013 exchange takes place 3 or more days after the date of a trade agreement; uses forward rate. FX swap \u2013 one currency is exchanged for another on one date and then swapped back at a future date. Future \u2013 an agreement to trade currency at a specific price on a specific date. Option \u2013 the right, but not the obligation, to trade foreign currency in the future.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}