E u r o F X ®
Daily fixing of reference rates against the Euro

 


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.