FX


FX is a direct subtype of Spot Price
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with functions FX Functions, keys FX keys and example object fx_

TYPE INCLUSION RELATIONSHIPS

Spot Price

FX

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AVAILABLE FUNCTIONS

Create

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AVAILABLE CREATE FUNCTION KEYS

Base Calendar

Base Ccy

Cross Calendar

Date Bump

Quote Calendar

Quote Ccy

Settle Days

Settle Rule

Settlement

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TYPICAL OBJECTS OF TYPE FX

fx

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This type represents the commonly known "spot foreign exchange rate" between a given currency BASE (known as the base currency) and another given currency QUOTE (known as the quote currency.
More specifically, the rate here refers to the ratio BASE/QUOTE, which is a number that represents the number of QUOTE units having the same value as one BASE unit.

For example, if BASE = USD and QUOTE = JPY, the fx rate will represent the ratio USD/JPY, of which a possible ascribed Quotable Value at some given time could be a number such as 125, which would mean that 125 JPY units have the same value as 1 USD unit.

Note you may create a trivial object of type FX directly through a text entry that has the form: "%BASE/QUOTE|, like, for example, %USD|JPY, although such an object would not posess non-trivial calendars and settlements that might be preferably associated with the intended rate.