When can I create conversions?

When can I make a conversion?

Conversions can be made whenever you need to throughout the day. At times where there is low or no liquidity in FX markets, such as weekends, bid/ask spreads may be wider than during market hours.

What is a spot date?

Typically, the Spot Date in Foreign Exchange is a settlement date that is two business days into the future.

The majority of currency pairs will calculate the spot date as Today + 2 available business days, however, there are a few exceptions ie USD, CAD which has a spot date of Today + 1 available business day.

Can I settle my conversion on an earlier or later date than I originally booked?

No, you'll need to settle any conversion booked with Mrkter on the date you specified when booking the conversion.

Why can I not settle my conversions on some dates?

Central Banks don't usually operate their clearing systems on weekends or local public holidays. This ultimately stops the movement of money during these periods.


Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons

Feedback sent

We appreciate your effort and will try to fix the article