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Could it make sense to transact in the spot market and open a cash account?

April 26, 2017account cash market sense spot transact

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Could it make sense to transact in the spot market and open a cash account?

1 Answer

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This may make sense in certain circumstances but there may be a lack of transparency on the exchange rates. In addition, there will be currencies for which it may be difficult to access money market funds or interest rates, e.g. opening an Australian dollar bank account or accessing a Japanese money market fund.