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WM/Reuters deliver accurate, timely and independent exchange rates that are understood, trusted and reliable across all markets worldwide.
Please be advised that effective from our first fix at 7am (Sydney) Monday 29th June 2009 we will re-introduce the TOF Thai Baht Offshore rate into both our WM/Reuters Spot and Forward rates service. TOF has been shown as zero in all our publications since its withdrawal in September 2008. From 29th June we will source data for this code from exclusively offshore participants.
The currency code THB has been sourced from a mix of both onshore and offshore participants since September 2008. Effective from 29th June this code will now be sourced from exclusively onshore participants.
The currency controls which are in place in Thailand at present limit participation to a particular level, which both onshore and offshore institutions can find inadequate to match their needs. As such we hope the return of TOF to our service will give clients the option to select the rate most appropriate to them.
Please note that the ISO code TOF is not an official code, but one created by WM to differentiate between onshore and offshore levels.
If you require any further information please do not hesitate to contact the Forex team at fx.rates@wmcompany.com
In October 2008, we introduced the Forward rates as at 4pm Sydney time and since then we have been focussed on enhancing the service further and providing Forward rates at other times of the day, that would meet client requirements in different global markets. Consequently we are delighted to advise that from Monday, 1st June WM/Reuters Forward rates will be provided, Monday – Friday at the following additional times of the day:
5pm New York time (EST) (currently 9pm GMT) 10am Sydney time (currently midnight GMT) 2pm New Zealand time (currently 2am GMT)
These additional Forward rates will be produced using the same methodology as is currently used for the other fixes, ensuring the high quality of service is maintained. If you are currently a user of the WM/Reuters Intraday Forward rates this will enhance the current service you are receiving as you will automatically receive these new Forward rates, for no additional charge.
This means that from 1st June the Intraday Forward rate Service will provide rates, Monday to Friday at the following times:
GMT: Midnight 02:00 06:00 every hour until 21:00
The WM/Reuters Intraday Forward rates service has continued to expand, since 2007 when hourly Forward rates from 07:00 to 21:00 (UK time) were launched and the service now has fixes spanning the global day. These Forwards will complement the Intraday Spot rates which are already produced at this time as part of the WM/Reuters Intraday Spot rate service. The WM/Reuters Intraday Spot rates are currently produced 24 hours a day, from Monday 7am in Sydney to Friday 10pm in the UK.
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