May 27, 2025
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Are we too dependent on this FX benchmark?
Are we too dependent on this FX benchmark? whitney.harig@… Tue, 05/27/2025 - 13:27
The hidden risk in your favorite FX rate
WMR, a part of LSEG’s FTSE Russell division, began publishing intraday and end-of-day foreign exchange (FX or currency) benchmark prices in 1994. Useful for portfolio valuation, reporting, and trading, the benchmark rates became, in the modest words of FTSE Russell , “the de facto standard for closing spot rates on a global basis.”
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