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.