The future date on which the currencies are actually exchanged is called what?
A) the value date
B) the spot exchange date
C) the two-day window
D) the commitment date
E) the forward exchange rate

Question

Quizplus · Accepted Answer

The value date is the future date on which the currencies are actually exchanged. It is also known as the settlement date. Therefore, option A is the correct answer. Option B refers to the current exchange rate, option C is not relevant to the question, option D refers to the date on which the parties agree to exchange currencies, and option E refers to the exchange rate agreed upon for a future date.

The Future Date on Which the Currencies Are Actually Exchanged