Why WM/Reuters FX benchmarks?
For more than 20 years, WM/Reuters FX rates have served as fully independent, objective, and unbiased sources for FX data. We pledge to ensure that the benchmarks remain trusted and fundamental components of market infrastructure – and are continually enhanced as market needs change.
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.
Designed to bring greater transparency to pricing in the FX market, WM/Reuters rates are built with data sourced directly from market transactions, applying multiple validation techniques on captured and calculated rates to result in accurate spot rates for each fix throughout the day.
We are the administrator of more than 30 key rates and calculation agent for over 40 critical national and regional interest rates and FX benchmarks in 12 different countries, such as Singapore, Hong Kong and Russia.
Access free rates or request details on subscription options.
Refinitiv is the administrator of numerous indices and benchmarks.
Refinitiv assigned Refinitiv Benchmark Services (UK) Limited (‘RBSL’) to be the regulated administrator of certain benchmarks, such as those used within the EU and thus caught by the EU Benchmark Regulation (EU BMR). RBSL is authorized by the FCA, as listed on the ESMA Register, to administer benchmarks under the EU BMR.
The following benchmarks have been moved to be administered by RBSL since the end of December 2019. The migration has happened therefore it’s okay for users to use them prior to the benchmark statement being published in mid-January 2020.
- WM/Reuters Spot, Forward and NDF benchmark rates
- Refinitiv/CoreCommodity CRB® Index
- Refinitiv Reuters Convertible Indices
Going forward, we will continue to carry out our commitment to EU BMR.
Note: For those benchmarks administered by a non-EU entity within Refinitiv (i.e. a third country administrator), Refinitiv has until the end of the BMR Extension Transition period (Dec 2021) to migrate those benchmarks into an authorized benchmark administrator (i.e. RBSL).
Those Refinitiv benchmarks that fall under the BMR Extension Transition period and are under consideration for migration before the end of 2021 are:
- Tokyo Swap Rates (administered by RAPL, Refinitiv Asia Pacific Limited)
- Refinitiv Local Currency Indices
- Refinitiv IX Global ESG Equal Weighted Index
- Refinitiv IX Global ESG High Dividend Low Volatility Equal Weighted Index
- Refinitiv IX Western Europe Small & Mid Cap Index
- Refinitiv GL Large/Mid D&I Ex Controversial Weapons Equal Weight Index
- Refinitiv Global Equal Opportunities Select Index
- Refinitiv Global Resource Protection Select Index
- Refinitiv Europe Equal Opportunities Select Index
- Refinitiv Country, Regional and Sector Indices
- Refinitiv Diversity & Inclusion Index
- Refinitiv Eurozone ESG Select Index
Refinitiv will perform further assessments to the following Refinitiv benchmarks and notify the users in later stage whether Refinitiv will migrate them by Dec 2021:
- Refinitiv VNIBOR USD Benchmark
- Refinitiv VNIBOR VND Benchmark
- Refinitiv VNDFX Spot and Forward Rates
- Refinitiv VNDFX VND Reference Rate
Features & benefits
What you get with WM/Reuters FX benchmarks
WM/Reuters delivers the industry’s broadest coverage, with both intraday and closing spot rates, forward rates, and NDFs.
Fully transparent, IOSCO-aligned methodology and 4pm rates are EU/BMR adherent.
Over 1,000 financial institutions rely on the WM/Reuters rates for greater clarity in evaluating global markets.
3pm Brazil benchmarks
The 3pm (UK time) USD/BRL FX benchmark is available daily (24-hr delay) free of charge, and gives you a reliable transaction-oriented rate to evaluate the market.
4pm Brazil benchmarks
The 4pm (UK time) USD/BRL FX benchmark is available daily (24-hr delay) free of charge, and gives you a reliable transaction-oriented rate to evaluate the market.
2pm CET Fix
Rates for 32 currencies against the EUR are available daily (30-minute delay) free of charge. Alternatively rates for all 150+ currencies followed against the EUR, GBP, and USD.
12 noon EST FX benchmark
The WM/Reuters 12 noon EST FX benchmark gives you a reliable, transaction-oriented rate that enables you to evaluate the markets with greater clarity.
Closing spot rates
Fixed daily Monday–Friday at 4:00 pm London time, with coverage including 150+ currencies against the EUR, GBP, and USD. RBSL-administered.
Closing forwards and NDFs
Fixed daily Monday–Friday at 4:00 pm London time, with coverage including 80 forward currencies and 11 NDF currencies. To be RBSL administered by 1 January 2020.
Intraday forwards and NDFs
Produced on the hour from 6:00 am– 9:00 pm London time; 10:00 am and 4:00 pm Sydney time; 2:00 pm New Zealand time; 11:00 am Singapore time; 5:00 pm New York time; 11:00 am Bangkok time and 10:00 am Tokyo time. To be RBSL administered by 1 January 2020.
All rates are archived daily and are available direct from us and other vendors. To be RBSL administered by 1 January 2020.
Intraday spot rates
Produced on the hour from Monday 6:00 am Hong Kong/Singapore time – Friday 10:00 pm London time, with coverage including 150+ currencies against the EUR, GBP, and USD. To be RBSL administered by 1 January 2020.
How It Works
For benchmarks that we administer, users of benchmarks enter into licensing agreements with Refinitiv in order to access timely data or use of the benchmark for financial products. Licensing and corresponding fees vary according to intended use of the data, delivery mechanism, as well as the time of delivery (real time versus delayed access).
Benchmark data is made available on Eikon, through our financial data feeds as well as through third-party market data vendors and other redistributors.
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