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u r o
F X ®
Daily fixing of reference rates against the Euro
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u r o
F X ®
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Daily fixing of reference rates against the Euro
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How are the EuroFX® Rates Determined? The participating banks enter their quotes at 13:00 Frankfurt time into an electronic platform provided by REUTERS. Quotes that do not reflect the prevailing market rates are automatically rejected. This procedure ensures that the EuroFX® rates cannot be manipulated. The REUTERS platform automatically uses the accepted quotes to determine an average rate. REUTERS guarantees both the availability and security of the system. To date, EuroFX® rates have been generally determined within a few minutes. The rates are published immediately on REUTERS Page "EUROFX/1". In addition, the rates are available to all major newspapers as well as through the public information system of the participating banks. |
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