Question 1
In a standard currency pair quotation of AUD/USD = 0.6850, which currency is the base currency and which is the quote currency?
Correct Answer:
AUD is the base currency, USD is the quote currency
Question 2
What is the standard settlement timeframe for a spot foreign exchange contract between AUD and USD?
Correct Answer:
Two business days after the transaction date (T+2)
Question 3
A market maker quotes AUD/USD at 0.6520 - 0.6522. At what rate can a corporate client sell AUD to the market maker?
Correct Answer:
0.6520
Question 4
Which of the following participants primarily provides liquidity to the global foreign exchange market by continuously quoting bid and ask prices?
Correct Answer:
Market makers (commercial and investment banks)
Question 5
If a spot FX trade is executed on a Thursday, under standard T+2 settlement rules, on which day will the funds be exchanged, assuming no public holidays?
Correct Answer:
Monday
Question 1
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About this Exam

Prepare with the SIAA Foreign Exchange Practice Questions - SIAA Foreign Exchange Accreditation Exam practice quiz. This question bank includes 100 questions covering rate, forward, currency, spot, and exchange. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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SIAA Foreign Exchange Practice Questions - SIAA Foreign Exchange Accreditation Exam

This practice set contains 100 questions from the matching question bank and focuses on rate, forward, currency, spot, and exchange. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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