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ICMA FMFQ Exam - Topic 1 Question 91 Discussion

Actual exam question for ICMA's FMFQ exam
Question #: 91
Topic #: 1
[All FMFQ Questions]

You have asked a bank to give you a rate at which you can sell SEK (Sweish Krone) and buy NOK (Norwegian Krone) for delivery in two days. What is the name of this sort of FX rate?

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Suggested Answer: B

by Kristin at Mar 08, 2026, 09:48 PM

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Oren
22 hours ago
It's called a forward rate!
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Delisa
6 days ago
Interesting, I had no idea about this terminology!
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Sylvia
11 days ago
I thought it was a quote rate, but I guess not!
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Shawnna
17 days ago
Wait, are you sure it's not a cross rate?
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Laurel
22 days ago
Definitely a forward rate, no doubt.
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Sabina
27 days ago
It's called a forward rate!
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Daniela
1 month ago
I feel like the answer is forward rate, especially since it's about a future transaction.
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Delisa
1 month ago
This sounds like a quote rate to me, but I could be mixing it up with something else we studied.
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Barney
1 month ago
I remember practicing a question about cross rates, but I don't think that's the right term here.
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Claribel
2 months ago
I think this might be a forward rate since it's for delivery in two days, but I'm not entirely sure.
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