Asked by Trinity O'Neill-Torres on Jul 04, 2024
Verified
The date of delivery of a currency has no impact on the exchange rate for that currency.
Exchange Rate
The rate at which one currency can be exchanged for another, influencing international trade and investments.
- Acknowledge the essentiality of spot and forward exchange rates in the sphere of international finance.
Verified Answer
ZK
Zybrea KnightJul 07, 2024
Final Answer :
False
Explanation :
The date of delivery, often referred to as the settlement date in forex markets, can impact the exchange rate due to factors like interest rate differentials between the two currencies involved, market expectations, and liquidity conditions for future dates.
Learning Objectives
- Acknowledge the essentiality of spot and forward exchange rates in the sphere of international finance.