Type of transactions
|FX SPOT||FX FORWARD|
|Delivery date : J+1; J+2||Maximum maturity: 12 months|
|Liquidity: Good||Liquidity: Good|
EUR/USD parity: liquidity schedules
Did you know?
- The Federal Reserve of the United States (FED) is the central bank of the United States: it is in charge of the monetary policy of the country. Its main objectives set by the US Congress are to maximize employment, promote price stability (low inflation); all within a framework of moderate long-term interest rates.
- Price setting method: the exchange rate is floating because the value of the USD in relation to other currencies is determined solely by the law of supply and demand.
Features and highlights
- The dollar is "THE" world reference currency used as a basis for listing on many markets (commodities, industries ...), but also as the main reserve currency by many central banks.
- The decisions taken by the FED therefore have an impact on all monetary policies in most countries of the world.
There are no special restrictions on the purchase and sale of USD.
The EUR / USD is the most traded in the world, which explains why it is extremely liquid. In 2016, for example, it accounted for nearly one in four trades in the foreign exchange market.
Payments in USD to the United States
The IBAN format is not used in the USA. Payment instructions must contain:
- Either: the ABA routing number / Fedwire Routing number (9 digits), and the name, address and account number of the beneficiary.
- Either: the BIC Code of the beneficiary bank, as well as the name, address and account number of the beneficiary.
|Holidays 2018 (subject to modifications)|
|New Year’s Day||1 January||Labor Day||3 September|
|Martin Luther King Jr. Day||15 January||Columbus Day||8 October|
|President’s Day||19 February||Veterans’ Day||12 November|
|Memorial Day||28 May||Thanksgiving||18 October|
|Independence Day||4 July||Christmas Day||25 December|