Do you wish to keep steady prices? Watch “The secrets Behind Layered Hedging Programs”
webinar to learn how to smooth the hedge rate over time
Watch it now

Glossary

Navigate the complex world of currency management with our comprehensive dictionary of financial terms and definitions.

Reference Exchange Rate (Central Bank)

Reference exchange rates are a set of daily foreign exchange rates published by leading central banks. Reference exchange rates are used by companies and other participants in FX markets. They are based on a regular daily concertation procedure between the central bank and leading commercial banks. Reference exchange rates are published for information, not trading, purposes. They are often used as a valuation tool, or in annual financial statements and tax reports of corporations, as well as in statistical publications and economic analyses.