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