A transaction gain or loss at the settlement date is a change in the exchange rate quoted by a foreign exchange trader.

Name: A transaction gain or loss at the settlement date is a change in the exchange rate quoted by a foreign exchange trader.
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Question

Quizplus · Accepted Answer

A transaction gain or loss at the settlement date is due to the difference between the exchange rate at the time of the transaction and the exchange rate at the time of settlement, not directly due to a change in the rate quoted by a foreign exchange trader.

A Transaction Gain or Loss at the Settlement Date Is