In currency futures trading, the settlement exchange rate is the:
A) closing exchange rate
B) opening exchange rate
C) exchange rate upon which marking-to-market is based
D) average of the high and low exchange rates

Question

Quizplus · Accepted Answer

The settlement exchange rate in currency futures trading is the exchange rate upon which marking-to-market is based. This rate is used to adjust traders' accounts to reflect the current value of their positions at the end of each trading day.

In Currency Futures Trading, the Settlement Exchange Rate Is The