Tenors refer to the common standard contract durations for forward trades.
Fixed FX tenors
Pre-Spot ("short-dated" forwards)
- TOD (Today)
- TOM (Tomorrow)
See Also
Somalia - Trade AgreementsSouth AfricaIs Forex Trading Legal in SomaliCentral banks impact on exchange rates - Blocs — Framer UI KitPost-Spot
- SN (Spot Next) - this is 1 day after a spot
- 1 WEEK, 2 WEEK, 3 WEEK - number of weeks after the spot date
- 1 MONTH, 2 MONTH, etc. - number of months after the spot date
- 1 YEAR, 2 YEAR, 5 YEAR - number of years after the spot date
Calculating Fixed Tenors
If the date of a fixed tenor for a trade falls on a market holiday for either currency in the pair, the date is typically moved to the next business day.
Broken Tenors
A Broken Tenor is a forward contract that is for a time period that falls in between the fixed FX tenors described above.
