Foreign Exchange Rate Guide

Foreign Exchange Rate guide

Latest update: November 2019

Introduction 2

Platts FX rates 3

Central bank rates 3

www.spglobal.com/platts Foreign Exchange Rate guide November 2019

Example on July 17, 2019 at 16:30 in London Introduction One US Dollar was assessed to be able to buy 0.8056 Great British S&P Global Platts publishes its assessments and indices reflecting Pounds, or USD.GBP = 0.8056 the currencies and units of measurement in which the products typically trade. One Great British Pound would be calculated to be able to buy 1.2413 US Dollars, or GBP.USD = 1.2413 Commodities are generally internationally traded in US dollars, and Platts assessments are typically published in that currency as a Some FX pair markets may be illiquid and require a cross rate result. Certain markets, such as regional markets, trade using local calculation with another currency liquid to both. For example a value currency. Platts assesses the value of such markets as appropriate in for USD.MYR can be calculated using the cross rate with GBP. Where local currency. one USD will equal the value the GBP.MYR pair divided by the value of the GBP.USD pair. Where appropriate, Platts may express the published assessment in a different currency to the one the commodity/product was originally Example on October 25, 2019 at 16:30 in Singapore assessed. Platts will use a valuation of the appropriate foreign exchange currency pair with which to convert the original value. The USD.MYR = GBP.MYR/GBP.USD = 5.3759/1.2842 = 4.1862 currency valuation is itself an assessment, which corresponds to the prevailing value of a currency pair, at the timestamp for the original Platts FX pair assessments reflect the prevailing value in the spot commodity/product assessment. market, for immediate conversion. They do not reflect a forward rate with a value for settlement sometime in the future or a particular Platts foreign exchange (Forex or FX) pair assessments adopt the volume of trade. The assessments focusses on an analysis of the International Standard Organisation (ISO) standard 4217, three letter market evolution for the FX pair immediately prior to the timestamp. acronym for the currency name and the ISO convention to express the Our editors use professional judgment to make a final assessment of base and the counter currency separated with a dash, slash or dot. value above the best bid and below the best offer. In highly liquid FX For example; USD.GBP = the amount of Great British Pounds one US markets, where the spread between bid and offer, may only be a few Dollar will buy, where the US Dollar is the base currency and the Great 10,000ths, this may often be the arithmetic mid-point. British Pound is the counter currency. Platts also publishes and/or uses in commodity assessment At the same time the inverse value or the amount of US Dollar one processes, where appropriate, FX pairs based on official Central Bank Great British Pound will buy would be expressed as; GBP.USD rates. These values are publically available and posted as the national currencies daily settlement rate with international currencies. This inverse value for either pair, USD.GBP or GBP.USD should be equal to one (1) divided by the assessed value, rounded to 4 decimal This guide sets out the FX pairs Platts publishes, database and uses places. in various commodity/product assessments processes.

Platts FX rates

Region Currency Symbol Timestamp Frequency Asia AUD.USD AAWFT00 Singapore 16:30 Daily Asia EUR.USD AAWFU00 Singapore 16:30 Daily Asia GBP.USD AAWFV00 Singapore 16:30 Daily Asia USD.JPY AAWFX00 Tokyo 16:30 Daily Asia HKD.USD AAWFY00 Singapore 16:30 Daily Asia MYR.USD AAWGA00 Singapore 16:30 Daily Asia SGD.USD AAWFZ00 Singapore 16:30 Daily Asia USD.MYR USMYR00 Singapore 16:30 Daily Asia USD.INR AAFGW00 Singapore 16:30 Daily

Europe GBP.USD BCADB00 London 16:30 Daily Europe USD.JPY BCACW00 London 16:30 Daily Europe EUR.USD BCADD00 London 16:30 Daily Europe USD.RUB AAUJO00 London 16:30 Daily Europe EUR.GBP AACOW00 London 16:30 Daily Europe USD.GBP AACOO00 London 16:30 Daily Europe USD.CHF BCADC00 London 16:30 Daily Europe EUR.USD AAFCW00 London 16:30 Daily Europe GBP.EUR BCADM00 London 16:30 Daily Europe USD.BRL USBRL00 London 16:30 Daily Europe USD.TRY USTRY00 London 16:30 Daily Europe EUR.USD AACOP00 London 16:30 Daily

Americas CAD.USD CADUS00 Houston 13:30 Daily Americas USD.MXN AAFEW00 Houston 13:30 Daily Americas USD.BRL USDRE00 Houston 13:30 Daily Americas USD.ARS USARS00 Houston 13:30 Weekly Americas USD.COP USDCP00 Houston 13:30 Weekly Americas USD.EUR AAVXM00 Houston 14:30 Daily

Central bank rates

Central Bank Currency Symbol Frequency Bank of China CNY.USD AAWFW00 Daily Bank of China AUD.CNY AAWGF00 Daily Bank of China EUR.CNY AAWGB00 Daily Bank of China GBP.CNY AAWGC00 Daily Bank of China HKD.CNY AAWGE00 Daily Bank of China SGD.CNY AAWGD00 Daily Central Bank of Russia RUB.USD FRBUS00 Daily Bank of Canada USD.CAD BCUSD00 Daily