WM/Reuters Service

WM/Reuters deliver accurate, timely and independent exchange rates that are understood, trusted and reliable across all markets worldwide.

• Accuracy - Rates are fixed using a patented proprietery Methodology.
• Timely - Our rates are published globally within strict timescales.
• Transparent - The Methodology used to set our rates is available to our Users.
• Reliable - WM set rates for currencies in volatile market conditions on a consistent basis.

 WM/Reuters Spot & Forward Rates – EEK Estonian Kroon

Following the announcement that Estonia will be adopting the Euro as the national currency from 1st January 2011, the following changes will be made to our service.  The WM/Reuters Spot & Forward Rates will calculate EEK using the fixed conversion rate of 15.6466 which was set on 13th July 2010. 

We will issue test data by the end of November 2010.

 WM/Reuters Forward Rate and Non-Deliverable Forward (NDF) Rate Services – Addition of New Currencies & Changes

WM/Reuters Non-Deliverable Forward Rates:
Additions

We are pleased to advise that we are going to increase the coverage of the WM/Reuters Non-Deliverable Forward (NDF) rates by 2 currencies.  These Intraday and Closing NDF rates are captured, validated and published in outright terms and use the same methodology and compliment the WM/Reuters Intraday and Closing Forward rates service.

ISO                                              Time Periods Covered
TWDNDF      Taiwan Dollar            SW 1M 2M 3M 6M 9M 1Y 2Y
VNDNDF       Vietnam Dong          SW 1M 2M 3M 6M 9M 1Y 

WM/Reuters Forward Rates:
Changes

The WM Company is constantly researching and monitoring currency behaviour in order to ensure that the WM/Reuters rates continue to be as accurate as possible.
 
To this end due to the extension of the Non-Deliverable Forward Rates to include Taiwan as detailed above, we will be updating our methodology for our published Taiwan Dollar forward rates.  TWD Forward rates will no longer be non-deliverable forwards within the WM/Reuters premium/discount forward rate service and they will now be sourced from onshore banks.   Please note this change is the same as that made for China in September 2009.

Currently BGN, HRK, QAR and UAH are calculated from interest rates; from research carried out we will now be changing these to be commercial interbank bid and offer premiums or discounts.  At this time we will also be increasing the coverage for BGN, HRK and QAR, details of time periods are shown below.  UAH coverage will be reduced slightly at this time due to the illiquid market in the longer term time periods and we will no longer provide 9M and 1Y.

ISO                                            Time Periods Covered
BGN         Bulgarian Lev               ON TN SW 1M 2M 3M 6M 9M 1Y 
HRK         Croatian Kuna              ON TN SW 1M 2M 3M 6M 9M 1Y 
QAR         Qatar Rial                          TN SW 1M 2M 3M 6M 9M 1Y 2Y 
UAH         Ukraine Hyrvnia                       SW 1M 2M 3M 6M     

The anticipated launch date for all the above is Monday 27th September, 2010.