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This year, because New Year's Day fell on a Sunday, January 2, 2023 is a federal holiday. That means all non-essential government offices are closed, including the courts and the stock exchange.
The spot date is day T+1 if the currency pair [1] is USD/CAD, USD/TRY, USD/PHP or USD/RUB. In this case, T+1 must be a business day and not a US holiday. If an unacceptable day is encountered, move forward one day and test again until an acceptable date is found. The spot date is day T+2 otherwise. The calculation of T+2 must be done by ...
The post office will open with normal operations on Christmas Eve this year, meaning post office locations will be open and mail will be delivered normally. Are banks open on Christmas?
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers.
According to a USPS spokesperson, since Dec. 24 falls on a Sunday, a day when branches are typically closed, the post office will be closed on Christmas Eve and there will not be mail delivery.
The exchange rate at which the transaction is done is called the spot exchange rate. As of 2010, the average daily turnover of global FX spot transactions reached nearly US$1.5 trillion, counting 37.4% of all foreign exchange transactions. [1] FX spot transactions increased by 38% to US$2.0 trillion from April 2010 to April 2013. [2]
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This list is identical to the list of Federal holidays in the United States. If a postal holiday falls on a Sunday, it is observed on the following Monday. Canada Post also maintains a list of Postal Holidays. This article incorporates public domain material from websites or documents of the United States Postal Service.