What Is the Value Date of a 1-Month Outright Forward

question 195

Multiple Choice

What is the value date of a 1-month outright forward FX transaction dealt today, if today's spot date is Monday, 30th January? Assume there are no bank holidays and that the year is not a leap year.

• A) 2nd March
• B) 1st March
• C) 2gth February
• D) 28th February

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