Foreign currency contracts subject to the Sec. 1256 mark-to-market rules would be defined as only including forward contracts, under proposed regulations the IRS and Treasury issued Tuesday ...
Fiat currencies are issued and regulated by a country’s central bank but are not backed by a commodity like gold. Fiat currency is a type of money that is created by a government and is not backed by ...
Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Gordon Scott has been an active investor and technical analyst or ...
What Is Cross-Currency Triangulation? Cross-currency triangulation is the process of converting one currency into another by using a third currency as an intermediary, often because the two original ...