- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 8. Currency Exchange Rates: Understanding Equilibrium Value
- Subject 1. Foreign Exchange Spot Markets
CFA Practice Question
For most currencies, spreads are tightest:
B. from 2pm to 5pm New York time.
C. from 7pm to 11pm New York time (The Asian session in Tokyo, Singapore and Hong Kong starts from 7pm New York time.
A. from 8am to 11am New York time.
B. from 2pm to 5pm New York time.
C. from 7pm to 11pm New York time (The Asian session in Tokyo, Singapore and Hong Kong starts from 7pm New York time.
Correct Answer: A
London and New York, two largest FX trading centers, are open between 8am and 11am New York time.
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