MFX Currencies
MFX can offer hedging in many currencies and maturities which are not covered by commercial banks. Based on its partnership with TCX, MFX can provide hedging in a majority of OECD DAC 2006 currencies as long as they have a liquid local benchmark interest rate such as a T-bill or Interbank rate. It offers hedging of these currencies into dollars or euros.MFX's development mission is to help open new markets that have been underserved because of currency risk. Therefore, MFX will look for transactions in higher risk currencies where MFX's hedging products can be the most catalytic. MFX will encourage its clients to use commercially available products where possible.
Below is a list of current available currencies and their respective local benchmarks used for pricing. If the currency is not listed, please contact MFX for further information. This chart is provided for information purposes only. It may differ from the text present in the confirmations.
ISO Currency Benchmarks Source of data ALL Albanian Lek 3-mo 6-mo 1-yr T-bills Bloomberg and the Bank of Albania AMD Armenian Dram 6-month, 12-month T-bill Armenian Minstry of Finance ARS Argentine Peso 30-day 90-day 180-day 365-day BAIBOR (Buenos Aires Interbank Offer rate) Bloomberg AZN Azerbaijan Manat 3-month and 6-month T-bill rates Baku Stock Exchange, in the press releases, T-bills results BAM Bosnia-Herzegovina Mark EUR swap curve with risk premium Bloomberg BDT Bangladesh Taka 91-day, 182-day and 364-day T-bills Central Bank of Bangladesh BOB Bolivian Boliviano 91-day and 182-day Letras del Tesoro en Moneda Nacional Central Bank of Bolivia, under Indicadores, Operaciones de Mercado Abierto.
Select "Resultado de subasta letras del Tesoro".BRL Brazilian Real CDI, 30-day 90-day 180-day 360-day Pre-DI
CDI = Brazil CETIP Deposito Interbancario (Interbank Deposit) rate = overnight DI rate.
CDI is calculated by CETIP. Pre-DIs are calculated by the Bolsa de Mercadorias & Futuros (Brazilian Mercantile & Futures Exchange)
CETIP = Center for Custody and Financial Settlement of Securities. Pre-DI = Brazilian swap rate, where Pre is the fixed rate and DI is the floating rateBloomberg BWP Botswana Pula 91-day Bank of Botswana Certificate (BoBC) Bank of Botswana, In the "Rates search" table, select "Rate: BoBC RATE (91-day)" CLP Chilean Peso 1-day TCPI Tasa de Interés Promedio Interbancaria a 1 dia (TIPI) - Overnight Interbank Average Interest Rate Chile Central bank COP Colombian Peso 90-day, 180-day and 360-day DTF (Depósito a Término Fijo)
DTF rates are calculated as the weighted averages of the interest rates on Certificates of Deposits offered by Colombian banks and financial institutions.Bloomberg and Colombian Central bank CRC Costa Rican Colon Tasa Basica (6 month) Costa Rican central bank DOP Dominican Peso 1-month Letras del Banco Central Dominican republic Central Bank EGP Egyptian Pound 3-mo, 6-mo, 1yr T-bills Egyptian Ministry of Finance GEL Georgian Lari 182-day and 364-day T-bill rates National Bank of Georgia, see Related Links: Result of the Certificates of Deposit (CD) Auctions GHS Ghanaian Cedi 91-day, 182-day and 1-year T-bill Bank of Ghana HNL Honduran Lempira 91-day and 182-day T-bills rates as retrieved from the latest Subasta Publica de Valores Gubernamentales using linear interpolation Banco Central de Honduras HRK Croatian Kuna 1-mo, 3-mo, 6-mo, 1yr ZIBOR Zagreb Interbank Offer Rate Bloomberg IDR Indonesian Rupiah 1-mo 3-mo 6-mo 12-mo JIBOR (Jakarta Interbank Offering Rate) Bloomberg INR Indian Rupee 1-mo 3-mo MIBOR
MIBOR = FIMMDA-NSE Mumbai Inter-bank Offer Rate
FIMMDA = Fixed Income Money Market and Derivative Association of India
NSE = National Stock Exchange of IndiaBloomberg JMD Jamaican Dollar 30-day Money Market Rate Bank of Jamaica, under Economic data, Interest rates, Money market summary JOD Jordanian Dinar 1-mo, 3-mo, 6-mo, 1yr JODIBOR
JODIBOR stands for Jordanian Dinar Interbank Offered Rate and is calculated by the Association of Banks in Jordan (ABJ).ABJ website
Bloomberg codes are :
JDIBOR1M Index, JDIBOR3M Index, JDIBOR6M Index, JDIBOR12 IndexKES Kenya Shilling 91-day 182-day T-bills Central Bank of Kenya KGS Kyrgyz Som 3-month and 6-month and 1-year T-bills National Bank of Kyrgyz Republic KZT Kazakh Tenge 3-mo KazPrime
KazPrime is an index of the average interbank deposit rates in KZT of prime banks in the Kazakhstan market for predefined terms.Bloomberg LKR Sri Lankan Rupee 1-mo, 3-mo, 6-mo, 1yr SLIBOR (Sri Lanka Interbank Offer Rate) Bloomberg and Central Bank of Sri Lanka MDL Moldovan Leu Average of 1-mo, 3-mo, 6-mo, 12-mo CHIBID and CHIBOR
Chisinau Interbank Bid Rate (CHIBID)
Chisinau Interbank Offered Rate (CHIBOR)Reuters and National Bank of Moldova MGA Malagasy Ariary 4-week, 12-week, 24-week, 52-week T-bills Central Bank of Madagascar MKD Macedonian Denar 3-month and 6-month T-bills National Bank of Macedonia MNT Mongolian Togrok Average of the 1-mo, 3-mo, 6-mo, and 1-year of UBIBID and UBIBOR
UBIBID = Ulaanbaatar Interbank Bid RateReuters MRO Mauritania Ouguiya 4-week and 13-week T-bills (Bons du Trésor, taux moyens pondérés adjugés, weighted average of auction yield) Central Bank of Mauritania. The weekly auction results are presented in the news of the home page, under the title "Résultat de l'émission des Bons du Trésor relative à la séance d’adjudication du ..." MXN Mexican Peso 28-day 91-day TIIE Tasa de Interés Interbancaria de Equilibrio, Interbank Equilibrium Interest Rate Bloomberg MYR Malaysian Ringgit 1-mo, 3-mo, 6-mo, and 12-mo KLIBOR
KLIBOR stands for Kuala Lumpur Interbank Offered Rate, but is also known as Malaysia Interbank Offered RateBloomberg.The codes are:
KLIB1M IndexMZN Mozambique Metical 1-month, 3-month, 6-month, and 12-month MAIBOR.
MAIBOR stands for Maputo Inter-Bank Offered rateCentral Bank of Mozambique NGN Nigerian Naira 91-day, 182-day, 364-day T-bills Central Bank of Nigeria NIO Nicaraguan Cordoba 1-mo, 3-mo, 6-mo, 1yr rates of Tasas Pasivas Cordobas
3-month, 6-month, and 1-year average monthly rates in NIOBanco Central de Nicaragua NPR Nepalese Rupee INR Curve plus risk premium Reuters PEN Peruvian Nuevo Sol 1-mo, 3-mo, 6-mo, 1yr LIMABOR in PEN
LIMABOR stands for Lima Interbank Offered Rate and is calculated by ASBANC (Asociación de Bancos del Perú)ASBANC website
PRBOPRBI Index, PRBOPRB3 Index, PRBOPRB6 Index, PRBOPRB1 IndexPHP Philippines Peso 1-mo 3-mo 6-mo PHIBOR (Philippine Inter-Bank Offered Rate, by the Bankers Association of the Philippines) Bloomberg PKR Pakistan Rupee 3-mo, 6-mo, and 12-mo KIBOR
KIBOR stands for Karachi Interbank Offered RateReuters. Bloomberg codes are:
PKDP6M IndexRSD Serbian Dinar 1-mo, 3-mo, 6-mo BELIBOR (Belgrade Interbank Offered Rate) Reuters THB Thai Baht 1-mo 3-mo 6-mo 1-yr BIBOR (Bangkok Interbank Offered Rate) Bloomberg TND Tunisian Dinar Taux Moyen Mensuel du Marché Monétaire (TMM) (the weighted average of monthly interbank rate) Bloomberg and Central Bank of Tunisia TRY Turkish Lira 1-mo 3-mo 6-mo 1-yr TRLIBOR (Banks Association of Turkey’s Turkish Lira Reference Interest Rate) Bloomberg TZS Tanzanian Shilling 91-day, 182-day and 364-day T-bills Bloomberg and the Bank of Tanzania (the Central Bank) UGX Ugandan Shilling 91-day 182-day 364-day T-bills Bank of Uganda UYU Uruguayan Peso 30-day, 90-day, 180-day, and 360-day ITLUP
ITLUP = Indice de Tasas de Rendimiento de Letras de Tesorería en Moneda Nacional, UYU T-bill IndicesBolsa Electrónica de Valores del Uruguay S.A. (Electronic Stock Exchange of Uruguay) VND Vietnamese Dong 1-mo 3-mo 6-mo VNIBOR (Vietnam Interbank Offered Rate) Reuters XAF Central African Franc EUR swap curve with risk premium Bloomberg XOF West African CFA Franc EUR-curve plus risk premium Bloomberg ZAR South African Rand 1-mo 3-mo 6-mo 12-mo JIBAR (Johannesburg Interbank Agreed Rate) Bloomberg ZMK Zambian Kwacha 91-day, 182-day and 364-day T-bills Bloomberg (historical rates with a time delay) and the Bank of Zambia Also See MFX Instruments - Maturities - Pricing - Access to MFX Hedging