Aug 10, 2011 The interpretation is correct. The Reuters may give you the London 4PM rates if you query after the close for the day. The close rate is treated  In the early 1970s, this accord broke down, exchange rates began to fluctuate more widely and WM-Reuters then calculated the fix rates based on these observed As a result, the window in which the daily 4pm fix is calculated has been 

Feb 29, 2016 The WM/R 4pm fixing rate is determined for currency spot, forward, and non- deliverable forward rates. The calculation differs between forward  Sep 29, 2017 uidity and prices around the London 4pm Fix are quite unlike that observed at other Keywords: Currency Markets; Exchange Rates; WMR Fix; Market. Microstructure crostructure and the wm/reuters 4 pm fix. The Journal of  currency dealers said they had been front-running client orders and rigging the foreign exchange benchmark WM/Reuters rates by colluding with counterparts  “WM/Reuters 4PM London fix,” are used as settlement exchange rates for numerous financial transactions involving foreign currencies, including evaluating 

and independent FX benchmark rates throughout the day. For more than ears WM/Reuters FX benchmarks have served as an obective unbiased source for FX data and offer both intrada and closing spot rates forward rates and Fs. In the absence of a central exchange, FX markets can be fragmented, making it difficult to discover meaningful market rates

The WM/Reuters (WMR) 4pm London fix, produced by the WM Company is by far the dominant benchmark being used, not just in FX, but also as a key input in multicurrency equity, bond and credit indices.- The euro foreign exchange rates set by the ECB at 2:15pm CET (henceforth the ECB’s reference rates) are also used by a wide Since 1 July 2008, the rate shown for the US dollar is the WM/Reuters Australian Dollar Fix at 4.00 pm (Sydney) on the day concerned, sourced from page AUDFIX on Thomson Reuters and rounded to four decimals. Prior to that (or if the WM/Reuters Australian Dollar Fix rate at 4.00 pm Sydney is unavailable, WM/Reuters has been operating since 1994 and is an exchange rate service which provides Spot, Forward and NDF rates at fixed points throughout the global day. The rates are designed to provide clarity and transparency to pricing in the FX market, which has no central exchange. The service currently offers 160 Spot rates, 81 Forward rates and 11 Non-Deliverable Forward rates: With some 40 percent of the $5.3 trillion a day global market in currencies running through London, the 4pm “London fix” is the single most-used set of those. The information is derived from WM Reuters Spot Rates and Morningstar data. The tables for the last five years are available from the FT Data Archive (subscription required). PACIFIC Exchange Rate Service. The Pacific Exchange Rate Service offers an extensive range of current and historical exchange rate data. The service is provided by

currency dealers said they had been front-running client orders and rigging the foreign exchange benchmark WM/Reuters rates by colluding with counterparts 

2.4.3 Local Close Currencies. 4. 2.5 Spot Rate Products. 4. 2.6 Coverage of Closing and Intraday Spot Rates. 5. Section 3 — WM/Reuters Forward Rates  The WM/Reuters benchmark rates are determined over a one-minute fix period, from 30 seconds before to 30 seconds after the time of the fix, which is generally 4 pm in London. During this one-minute window, bid and offer rates from the order matching system and actual trades executed are captured. Our published and transparent calculation methodology is fully aligned with the IOSCO Principles for Financial Benchmarks. The WM/Reuters Spot, Forward and NDF Benchmark Rates (including London 4pm Closing Spot Rates) are administered by Refinitiv Benchmark Services Limited, authorized as a Benchmark Administrator under EU BMR. The use of the WM/Reuters benchmark rates. These rates are quoted by the WM company and Thomson Reuters. They cover over 150 closing spot currencies, forward rates and non-deliverable forward contracts (NDF). Banks and financial institutions widely use these daily rates to set their currency pair exchange rates, For more than 20 years, WM/Reuters FX rates have served as fully independent, objective, and unbiased sources for FX data. Refinitiv pledges to ensure that the benchmarks remain trusted and fundamental components of market infrastructure – and are continually enhanced as market needs change. - WM/Reuters Pricing Sources 11 AFMA/NZFMA Spot Rates - Hedge Settlement Fixing Rates AFMA/NZFMA Spot Rates NB: Page WMAU also gives WM/Reuters daily 10am and 4pm Australian Time, and 2pm New Zealand Time, New Zealand Financial Markets Association (NZFMA) reference rates. The option to view and download the WM/Reuters Rates is available.

Mar 6, 2014 Enter the WM/Reuters rate, which is the median of all currency 3.15pm they want to sell £1bn in exchange for euros at the 4pm closing rate.

Mar 6, 2014 Enter the WM/Reuters rate, which is the median of all currency 3.15pm they want to sell £1bn in exchange for euros at the 4pm closing rate. 2.4.3 Local Close Currencies. 4. 2.5 Spot Rate Products. 4. 2.6 Coverage of Closing and Intraday Spot Rates. 5. Section 3 — WM/Reuters Forward Rates  The WM/Reuters benchmark rates are determined over a one-minute fix period, from 30 seconds before to 30 seconds after the time of the fix, which is generally 4 pm in London. During this one-minute window, bid and offer rates from the order matching system and actual trades executed are captured. Our published and transparent calculation methodology is fully aligned with the IOSCO Principles for Financial Benchmarks. The WM/Reuters Spot, Forward and NDF Benchmark Rates (including London 4pm Closing Spot Rates) are administered by Refinitiv Benchmark Services Limited, authorized as a Benchmark Administrator under EU BMR. The use of the WM/Reuters benchmark rates. These rates are quoted by the WM company and Thomson Reuters. They cover over 150 closing spot currencies, forward rates and non-deliverable forward contracts (NDF). Banks and financial institutions widely use these daily rates to set their currency pair exchange rates, For more than 20 years, WM/Reuters FX rates have served as fully independent, objective, and unbiased sources for FX data. Refinitiv pledges to ensure that the benchmarks remain trusted and fundamental components of market infrastructure – and are continually enhanced as market needs change.

WM/Reuters has been operating since 1994 and is an exchange rate service which provides Spot, Forward and NDF rates at fixed points throughout the global day. The rates are designed to provide clarity and transparency to pricing in the FX market, which has no central exchange. The service currently offers 160 Spot rates, 81 Forward rates and 11 Non-Deliverable Forward rates:

The currently most important benchmark rate is the World Market Reuters 4pm London x (WM/R 4pm x), which accounts for approximately 1-2% of the total $2trillion daily volume in the FX spot market [1]. The WM/R 4pm xing rate [2] is determined using the methodology described in Section 2. The U.S. dollar recovered earlier losses on Monday afternoon as Brexit negotiations were once again thrown into disarray, and the Canadian dollar strengthened in the hours before results of the election for prime minister, which is expected to be close. Sterling traded around $1.30 on Monday, a 5-1/2-month high, See FX Fixings for foreign exchange rates. Bloomberg provides independent, reliable benchmark currency rates for important forex pairs multiple times per day.

For general questions and In 2009, the WM/Reuters Non Deliverable Forwards (NDF) Rates were launched covering 12 currencies. The NDF service provides both Closing and Intraday Rates. In 2012, the WM/Reuters Intraday Spot Rates service was further enhanced by the introduction of half-hourly benchmarks for the trade currencies only. WM/Reuters Intraday Spot Rates Introduction The WM/Reuters London 4pm Closing Spot Rate service was introduced in 1994 to provide a standard set of currency benchmark rates so that portfolio valuations could be compared with each other and their performance measured against benchmarks without having any differences caused by exchange rates.

In the early 1970s, this accord broke down, exchange rates began to fluctuate more widely and WM-Reuters then calculated the fix rates based on these observed As a result, the window in which the daily 4pm fix is calculated has been  Jun 2, 2016 Thomson Reuters has unveiled the WM/Reuters 2pm CET benchmark it will start publishing its euro foreign exchange reference rates at 4pm. Nov 9, 2013 The 4pm (London time) spot rate is said to be the most closely watched benchmark produced by WM Reuters, which also publishes prices  Nov 12, 2014 The most common of these are the WM Reuters 4pm fix, and the 1.15pm ECB fix. The first takes the average exchange rate over a minute-long  intended to express a representative exchange rate at the time of the fix. reference rate from WM/Reuters is used to calculate stock, bond and credit indices Prins (2010): “Equity hedging and exchange rates at the London 4pm fix”, working. Nov 12, 2014 For example the sterling/dollar rate is fixed at 4pm using the WM Reuters rate. This is fixed using actual trades in the spot market in the minutes  Nov 27, 2018 The WM/Reuters 4pm rates are administered by Thomson Reuters Benchmark Services Limited, authorised as a Benchmark Administrator