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If the spot date falls on the last business day of the month in the currency pair then the delivery date is defined by convention to be the last business day of the target month e.g. assuming all days are business days: if spot is at 30 April, a one-month time to expiry will make the delivery date 31 May. This is described as trading "end-end".
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency.
For example, to calculate the 6-month forward premium or discount for the euro versus the dollar deliverable in 30 days, given a spot rate quote of $1.2238/€ and a 6-month forward rate quote of $1.2260/€: = = = %
Alternatively the slash may be omitted, or replaced by either a dot or a dash. A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency).
The Regional Meteorological Centre, Chennai is located at 50 (New No. 6) College Road, Nungambakkam, between Good Shepherd School and Women's Christian College.The three meteorological centres in South India function at Hyderabad, Bangalore and Thiruvananthapuram serving the states of Andhra Pradesh, Karnataka, and Kerala, respectively, under the technical and administrative control of the ...
The Euribor (before known as an acronym but most recently known as a standalone word) is a daily reference rate, published by the European Money Markets Institute, [1] based on the averaged interest rates at which Eurozone banks borrow unsecured funds from counterparties in the euro wholesale money market (before only in the interbank market).
India Meteorological Department (IMD) is an Indian agency of the Ministry of Earth Sciences of the Government of India.It is the principal agency responsible for meteorological observations, weather forecasting and seismology.
News Tamil 24x7 is a Tamil-language news channel based in Chennai, Tamil Nadu, India. Launched on 23 January 2022, by SPLUS Media Private Limited , the channel focuses on providing news, discussions, and reports in the Tamil language.