The Australian Foreign Exchange Committee and the Australian Financial Markets Association have announced a new method and timing for calculation of the Australian dollar reference rate.
WM Reuters, an independent provider of foreign exchange rates, has provided access to its hourly calculations of reference rates for global currencies. From July 1, valuations of the Australian dollar against the US dollar will be published electronically twice daily, at 10am and 4pm. The WM Reuters Australian Fix 10am rate will replace the Hedge Settlement Rate, which was published each morning at 9.45 am Sydney time.
1 July 2008 00:00
timing, replace, valuations, reuters, electronically, provider, calculation, currencies, association, independent, settlement, daily
Investments
Portfolios built for the old world will be severely tested as emerging forces rewrite the rules of investing. The Top1000Funds.com Fiduciary Investors Symposium heard that geopolitical and macroeconomic upheaval, together with the disruption wrought by AI, should force asset owners to rethink the structure and composition of portfolios.
Leave a Comment
You must be logged in to post a comment.