Computing at compile time

Is a compiler required to evaluate constant expressions at compile time? “Silly programs” aside, if I have, for example,
iAny([SWP_FRAMECHANGED,SWP_NOMOVE,SWP_NOSIZE,SWP_NOZORDER])
(where the SWP_s are parameters) as an argument in a function call, can I expect the compiler to pass a constant evaluated at compile time or is it at liberty to generate code that evaluates a value at run time? I had a quick look at the standard but couldn’t see anything that mentioned it.