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TOM Currency

In Forex Market, every day's rate of purchase or sale of currency will be different. Every day, when you buy or sell the currency, a rate is fixed on the basis of current trend. There will not any effect whether you have go currency in physical form or not. At the end of day of trading, today rate is closed.


 Next day will be different rate of current and it will be called "Tomorrow (TOM) Next Procedure". Your currency in next day will be TOM currency. Its value will be different. You will be the owner of this currency if you have bought previous day.

TOM Vs SPOT

TOM is bought currency today at today price and delivered next day (means convert one currency into other next day).

SPOT is also bought currency today at today price and delivery 3rd day  (means convert one currency into other 3rd day after buying or transaction).

Related : Finance Terms 

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Accounting Education: TOM Currency
TOM Currency
Accounting Education
https://www.svtuition.org/2013/09/tom-currency.html
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