WMR updates and consultations
WMR investment and commitment
As WMR celebrates its 30th year in 2024, we are pleased to share that a multi-year investment into modernising WMR technology and infrastructure has been completed. This launches a Cloud based platform from which we look forward to continuing to provide accurate, robust and transparent FX benchmarks for our users, while enabling innovation, future enhancements and expansion.
Oversight from our dedicated monitoring and surveillance team remain separate to uphold the integrity of the rates and maintain user trust and confidence in the benchmarks as they are adopted across significant customer workflows.
Overview
Why WMR FX Benchmarks?
For more than 30 years, WMR FX Benchmarks 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 WMR Spot, Forward and NDF Benchmark Rates (including London 4pm Closing Spot Rates) are administered by Refinitiv Benchmark Services Limited, authorised as a Benchmark Administrator under EU BMR.
Designed to bring greater transparency to pricing in the FX market, WMR 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.
Key resources
Methodology
Benchmark resources
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Service Alterations
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Forward NDF Currency Time Periods
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Closing NDF Rates Configuration
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30 Min Intraday Spot Rates Configuration
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Services and Conflicts of Interest Statement
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Accessing Rates via Bloomberg
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2pm CET Spot Rates Configuration
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12pm EST Spot Rates Configuration
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Tokyo Fix Configuration
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RBSL Benchmark Statement – WMR
FEATURES & BENEFITS
What you get with WMR FX benchmarks
WMR 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 WMR rates for greater clarity in evaluating global markets.
rates
WMR rates
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.
17:30 Israel FX Benchmarks
Rates for 25 currencies against the USD are available daily (90-minute delay) free of charge, and gives you a reliable transaction-oriented rate to evaluate the market.
12 noon EST FX benchmark
The WMR 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. RBSL-administered.
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. RBSL-administered.
Historical data
All rates are archived daily and are available direct from us and other vendors.
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. RBSL-administered.
how it works
Licensing
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 Refinitiv platforms, through our financial data feeds as well as through third-party market data vendors and other redistributors.
