MAR (Market Average Rate) : Average Price F/X
MAR is a weighted average of the exchange rates that prevailed during the day. Foreign Exchange banks sell US Dollars according to MAR that is announced one business day before the settlement date.
|Trading Time||from 3:30 p.m. one business day before the transaction date to 9:00 a.m. of the transaction date|
|Minimum Amount/Unit||1 mio USD/Products of 0.5 mio USD|