AI Hub 20 May 2023 What does T30 refer to in the realm of forex transactions? The term T30 refers to the 30-day period in which a forex transaction is considered valid. It is also known as the “T+30” or “T+30 days” rule. This rule states that any currency transaction must be settled within 30 days of the date of execution. This rule was established by the International Monetary Fund (IMF) and applies to all international currency transactions, including those involving foreign exchange (forex). The purpose of this rule is to ensure that forex transactions are settled promptly and efficiently, reducing risk for both parties involved in the transaction. To understand how this rule works, it's important to first understand what a forex transaction is. A forex transaction involves two currencies: one being bought and one being sold. When a trader buys a currency, they are...
