Value today means purchase or sale of foreign currency in exchange for another (foreign) currency on this day with same day delivery as the transaction date.
FX transactions are sale/purchase transactions executed in cash or futures between two (2) currencies with delivery of funds according to agreement. Types of transactions conducted are among others:
A transaction with the same settlement date as the same day when the transaction is conducted at which time the transaction is carried out, whereby it is not a public holiday in the country where the transaction was initiated.
A transaction with transaction settlement date 1 (one) business day after the transaction took place in the country where the transaction was initiated.
A transaction with settlement date 2 (two) business days from the date of the transaction.
A transaction with settlement date more than 2 (two) business days from the foreign exchange transaction date.