Foreign Exchange

If you are preparing for the ACI Dealing Certificate, FX is not optional knowledge. It is core. And within FX, three instruments dominate exam questions: Spot Forwards Swaps Candidates usually understand them conceptually.Where they lose marks is in pricing, value dates, forward points, and swap mechanics. Let’s strip this back to what you actually need to know to pass. 1️⃣ FX Spot – The Foundation Definition: A spot transaction is an agreement to exchange one currency for an

One of the fastest ways to lose marks in the ACI Dealing Certificate exam is simple: You read the quote correctly… But you choose the wrong side. It’s rarely a knowledge problem. It’s a perspective problem. The exam assumes you instinctively understand: Who is the market maker Who is the client (price taker) Who is buying Who is selling Which side of the quote applies If you hesitate on any of those, you’re at risk. Let’s fix that properly. 1️⃣ How Examiners Frame Pricing Tra