For the transformation shown below,select the expected major product. 
Definitions:
Closing Rate
The exchange rate of one currency to another at the end of a trading session in the foreign exchange market.
Spot Exchange Rate
The current market price at which one currency can be exchanged for another currency.
Spot Exchange Rate
The spot exchange rate is the current exchange rate at which a currency can be bought or sold for immediate delivery.
Initial Recognition
The process of recording an asset or liability for the first time in the financial statements, according to its fair value.
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