Weighted average exchange rate

The weighted average exchange rate is a financial term that defines the average exchange rate for a specific period. This concept is used to unify the exchange rate…

Window Forward

A window forward is a structured product that allows buyers to purchase a specific amount of foreign currency within a range of settlement dates – known as windows – at…

Window Forward Extra

A window forward extra is a structured product that allows buyers to lock in a minimum exchange rate to hedge against currency volatility and take advantage of favourable movements in…

Wire transfer

Wire transfers, also called bank transfers or credit transfers are the transfers of funds sent by one person or entity to another using computer-based technology and without human intervention. Wire transfers…

WM/Reuters benchmark rates

WM/Reuters benchmark rates are also known as the 4 pm fix because these spot and forward foreign exchange rates are announced at 4 pm London time (GMT/BST) every working day….