The example 3 on book I of CFAI used “mid-market spot rate” to solve question 2, saying it is because this is an FX swap. What other situations do we need to use mid-market spot rate? Thanks!
My understanding is that we only use the midmarket rate if we are dealing with a swap position! Other posts are welcome!
Encountered the same question here, any one has clear idea when to use mid market rate? and why and what does that even mean
Mid market spot rate would be the median price between the bid-ask spread.
ok, and when do we and why do we even use it?