FX Part 2 – FX Derivatives

Money Market Info

Knowing the money market day base for different currencies’ domestic money market is important in calculating the value of a FX Forward (we will be revising money markets in September).

As a quick reference in the meantime, herewith a brief overview:

CurrencyDomestic Money Market Day Base
EUR360
GBP365
USD360
CHF360
JPY365 360
ZAR365
AUD365
NZD365
CAD365

FX 102: FX Derivatives