Description

The FX spot market structure as well as its conventions and terminology. The concept of FX outright forwards is explained as well.

Learning Objectives

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1. Identify the structure, conventions and terminology of foreign exchange markets.
2. Identify the key features, conventions and operations of the FX spot market.
3. Determine how FX outright forwards work and their applications in the FX market.
4. Recall the function of interest rate parity.
5. Identify the role of interest rate differentials in FX forward pricing.