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FX Spot & Forwards

Comprehensive datasets sourced directly from Tradition’s global brokerage desks.
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Forwards & Spots coverage from TraditionData

Americas
Country
Currency
Spot/Crosses
Deliverable Forwards
NDF Outright
NDF Points
Quarterly Turns
Tenors
Canada
CAD
o/n – 10 years
Brazil
BRL
o/n – 5 years
Chile
CLP
o/n – 5 years
Colombia
COP
o/n – 2 years
Mexico
MXN
o/n – 5 years
Peru
PEN
1 month – 2 years
Asia Pacific
Country
Currency
Spot/Crosses
Deliverable Forwards
NDF Outright
NDF Points
Quarterly Turns
Tenors
Japan
JPY
o/n – 10 years
Australia
AUD
o/n – 10 years
New Zealand
NZD
o/n – 10 years
China (People's Republic of China)
CNH (Offshore)
o/n – 10 years
Hong Kong
HKD
o/n – 10 years
Taiwan (Republic of China)
TWD
o/n – 2 years
China (People's Republic of China)
CNY (Onshore)
o/n – 2 years
Korea, Republic of
KRW
o/n – 12 months
Indonesia
IDR
o/n – 12 months
India
INR
o/n – 12 months
Malaysia
MYR
1 week – 12 months
Philippines
PHP
1 week – 12 months
Singapore
SGD
o/n – 2 years
Thailand
THB
o/n – 12 months
Europe Middle East & Africa
Country
Currency
Spot/Crosses
Deliverable Forwards
NDF Outright
NDF Points
Quarterly Turns
Tenors
Switzerland
CHF
o/n – 10 years
Europe
EUR
o/n – 10 years
United Kingdom
GBP
o/n – 10 years
Bulgaria
BGN
o/n – 2 years
Czech Republic
CZK
o/n – 10 years
Hungary
HUF
o/n – 5 years
Kazakhstan
KZT
o/n, s/n – 12 months
Poland
PLN
o/n – 5 years
Romania
RON
o/n – 5 years
Serbia
RSD
o/n – 12 months
Turkey
TRY
o/n, s/n – 5 years
Denmark
DKK
o/n – 10 years
Norway
NOK
o/n – 10 years
Sweden
SEK
o/n – 10 years
United Arab Emirates
AED
o/n – 5 years
Bahrain
BHD
o/n – 4 years
Botswana
BWP
1 month – 12 months
Algeria
DZD
1 month -12 months
Egypt
EGP
1 month – 12 months
Ghana
GHS
1 month – 12 months
Israel
ILS
o/n – 2 years
Kenya
KES
1 month – 12 months
Kuwait
KWD
o/n – 5 years
Morocco
MAD
o/n – 02 years
Mauritius
MUR
1 month – 12 months
Nigeria
NGN
1 month – 12 months
Oman
OMR
o/n – 2 years
Qatar
QAR
o/n – 5 years
Saudi Arabia
SAR
o/n – 7 years
Tunisia
TND
o/n – 2 years
Uganda
UGX
o/n – 2 years
South Africa
ZAR
o/n – 10 years
Zambia
ZMW
1 month – 12 months
SUMMARY

Gain a competitive advantage with our Spot and Forward Foreign Exchange packages offering a comprehensive view of the Global FX Markets.

The FX market is one of the most fundamental financial markets, essential for the management of foreign currency risk exposures resulting from cross-border trade. Access to up-to-the-minute FX market data is critical to the profitability and risk management for global financial institutions and corporations.

FX Spot & Forwards Data Packages from TraditionData

With data coming from Tradition’s market-leading brokerage desks in 30 countries, you will have unparalleled access to the world’s foreign exchange markets.  In addition, we offer our customers deep local markets expertise from desks in China, Singapore, Indonesia, India, Australia/New Zealand, Chile, Colombia, Israel and South Africa.

Key stats

268
currency pairs of forwards
3,500
spots
60
currencies
IMM & Quarterly
turn dates
BENEFITS

Key benefits:

Hedging: Spot and forward FX can be used to hedge against currency or interest rate risk. For example, if a company knows it will need to buy a foreign currency in the future, it can use a forward contract to lock in the exchange rate and protect against adverse movements in the currency.

Speculation: Spot and forward FX can also be used to speculate on future price movements. For example, a currency trader may buy a currency in the spot market with the expectation that it will appreciate in value, and then sell it in the future at a higher price.

What is Spot FX?
What is an FX Forward?
What are NDFs (non-deliverable forwards)?
FX Forwards and Interest Rates

The spot FX market is the immediate exchange of currency between buyers and sellers at the current exchange rate. The spot FX market makes up much of the currency trading. An exchange agreed today will typically be settled in 1- 2 business days on the Spot Value Date. Spot FX rates are often quoted with USD (US Dollar) being one of the exchange currencies, but it can also be quoted with non-USD currency pairs, being exchanged. Such as GBP/JPY. These are defined as cross currency spot rates.

The key participants in the spot market include commercial, investment, and central banks, as well as dealers, brokers, and speculators. Large commercial and investment banks make up a major portion of spot trades, trading not only for themselves but also for their customers.

Read more on Forwards & Spots here.

FX forwards are agreements between parties to exchange currencies for a set price and quantity at some future date. The forward points, represents the difference between the spot FX rate and the FX forward rate, at a predefined future date. The currency settlement of that transaction occurs on the future/forward date. FX forward contracts are useful for hedging purposes but are also traded for speculative reasons.

The key participants in the FX forwards market include commercial, investment, and central banks, as well as dealers, brokers, and speculators. Large commercial and investment banks make up significant portion of FX forward trading not only for themselves (speculative) but also on behalf for their customers.

A non-deliverable forward (NDF) is a cash-settled, and usually short-term, forward contract. An NDF is a two-party currency derivatives contract to exchange cash flows between the NDF and prevailing spot rates. One party will pay the other the difference resulting from this exchange.

The notional amount is never exchanged/settled, hence the name “non-deliverable.” Two parties agree to take opposite sides of a transaction for a set amount of money—at a contracted rate, in the case of a currency NDF. This means that counterparties settle the difference between contracted NDF price and the prevailing spot price. The profit or loss is calculated on the notional amount of the agreement by taking the difference between the agreed-upon rate and the spot rate at the time of settlement.

The fixing date is the date at which the difference between the prevailing spot market rate and the agreed-upon rate is calculated. The settlement date is the date by which the payment of the difference is due to the party receiving payment.

NDFs are most frequently quoted and settled in U.S. dollars and have become a popular instrument for corporations seeking to hedge exposure to illiquid currencies.

Given the ability to borrow money in one currency, convert to another, then lend in that currency and convert the proceeds back into the initial currency to pay back the original loan, there is an arbitrage-driven relationship between forward FX rates and interest rate differentials.

This arbitrage strategy is known as covered arbitrage, but given the credit risks and transaction costs associated with such a strategy, actual arbitrage opportunities are rare.  Nevertheless, the mathematical relationship between forward FX and rates is fundamental to fair value pricing for a range of cross-currency instruments and securities.

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