Available Currencies

MFX Currencies

MFX can offer hedging in many currencies and maturities which are not covered by commercial banks. Based on its partnerships with TCX and banks, MFX can provide currency hedging in a majority of microfinance markets, as long as there is a liquid local benchmark interest rate such as a T-bill or Interbank rate. We can offer hedging of these currencies into USD Euro and other hard currencies.

Below is a list of current available currencies and their respective local benchmarks used for pricing. If the currency is not listed, please contact MFX for further information. This chart is provided for information purposes only. It may differ from the text present in the confirmations.

ISO Country Floating Rate Benchmarks Source of Data Max. Fixed Rate Tenors
Albania ALL 6 months T-bills (avg deal tenor > 3 yr) Bank of Albania 10 yrs fixed
Algeria DZD 6 months T-bills 10 yrs fixed
Angola AOA 6 months T-bills Banco Nacional de Angola 7.5 yrs fixed
Argentina ARS 180 day BAIBOR Bloomberg. The code is: ARLBP180 Index 15 yrs fixed
Armenia AMD 6 months T-bills Central Bank of Armenia, under “Publications”, “Messages and announcements”. 15 yrs fixed
Azerbaijan AZN No floating rate benchmark available Baku Stock Exchange, in the press releases, T-bonds results 4.5 yrs fixed
Bangladesh BDT 6 months T-bills Central Bank of Bangladesh, under “money market”, “Govt. securities auction”, “Treasury bills and bonds” 15 yrs fixed
Belarus BYR No floating rate benchmark available National Bank of Belarus 5 yrs fixed
Benin XOF No floating rate benchmark available Bloomberg 15 yrs fixed
Bolivia BOB 6 months Letras del Tesoro en Moneda Nacional Central Bank of Bolivia, under Indicadores, Operaciones de Mercado Abierto. Select Resultado de subasta letras del Tesoro 15 yrs fixed
Bosnia and Herzegovina BAM No floating rate benchmark available Bloomberg 15 yrs fixed
Botswana BWP 91-day Bank of Botswana Certificate (BoBC) (suspended) Bank of Botswana 15 yrs fixed
Brazil BRL CDI, 180-day Pre-DI Bloomberg 15 yrs fixed
Burkina Faso XOF No floating rate benchmark available Bloomberg 15 yrs fixed
Burundi BIF 6 months T-bills only floating
Cambodia KHR No floating rate benchmark available National Bank of Cambodia 5 yrs fixed
Cameroon XAF No floating rate benchmark available Bloomberg 15 yrs fixed
Central African Republic XAF No floating rate benchmark available Bloomberg 15 yrs fixed
Chad XAF No floating rate benchmark available Bloomberg 15 yrs fixed
Chile CLP 1-day TCPI Tasa de Interés Promedio Interbancaria a 1 dia (TIPI) Bloomberg (CHIBNOM Index) 15 yrs fixed
China CNY 6-month SHIBOR Bloomberg. The codes are: SHIF1M Index, SHIF3M Index, SHIF6M Index, SHIF1Y Index 15 yrs fixed
Colombia COP 180-day DTF Bloomberg. The codes are: DTF Rate Index DTF 180 Index DTF360 Index 15 yrs fixed
Congo XAF No floating rate benchmark available Bloomberg 15 yrs fixed
Costa Rica CRC Tasa Basica (6 months) Costa Rican central bank 10 yrs fixed
Cote d Ivoire XOF No floating rate benchmark available Bloomberg 15 yrs fixed
Democratic Republic of the Congo CDF No floating rate benchmark available Bloomberg 5 yrs fixed
Dominican Republic DOP Tasa de interes pasiva promedio ponderada de los Bancos Multiples (TPPP) – 3 months rate Banco Central de la Republica Dominicana 15 yrs fixed
Egypt EGP 6-month T-bills Egyptian Ministry of Finance 15 yrs fixed
Equatorial Guinea XAF No floating rate benchmark available Bloomberg 15 yrs fixed
Ethiopia ETB No floating rate benchmark available Bloomberg 5 yrs fixed
Fiji FJD 6 months T-bills 15 yrs fixed
Gabon XAF No floating rate benchmark available Bloomberg 15 yrs fixed
Gambia GMD 6 months T-bills only floating
Georgia GEL 6 months Certificate of Deposit Bloomberg 15 yrs fixed
Ghana GHS 6 months T-bills (avg deal tenor > 3yr) Bank of Ghana 5 yrs fixed
Guatemala GTQ TPPP – 6 months rate http://www.banguat.gob.gt/ 10 yrs fixed
Guinea-Bissau XOF No floating rate benchmark available Bloomberg 15 yrs fixed
Haiti HTG No floating rate benchmark available Central Bank of Haiti 5 yrs fixed
Honduras HNL 6 months T-bills Banco Central de Honduras 7 yrs fixed
India INR 3 months MIFOR Bloomberg 15 yrs fixed
Indonesia IDR 6 months JIBOR OR 6 months Bank of Indonesia deposit rates Bloomberg 15 yrs fixed
Jordan JOD 6 -months JODIBOR Bloomberg codes are : JDIBOR1M Index JDIBOR3M Index JDIBOR6M Index JDIBOR12 Index 7.5 yrs fixed
Kazakhstan KZT 3-month KazPrime Bloomberg 15 yrs fixed
Kenya KES 6 months T-bills (avg deal tenor > 3yr) Central Bank of Kenya 15 yrs fixed
Kyrgyzstan KGS 12 months T-bills (avg deal tenor >3 yr) National Bank of Kyrgyz Republic, under “Statistics”, “Financial market”, “Auctions of State Treasury bills” 7.5 yrs fixed
Lebanon LBP 6 months T-bills 7 yrs fixed
Macedonia MKD 28-days Central Bank Bills National Bank of Macedonia 5 yrs fixed
Madagascar MGA 6 months T-bills Central Bank of Madagascar, under “Résultats BTA des 5 dernières séances” 1.5 yrs fixed
Malaysia MYR 6 months KLIBOR Bloomberg.The codes are: KLIB1M Index, KLIB3M Index, KLIB6M Index, KLIB12M Index 15 yrs fixed
Mali XOF No floating rate benchmark available Bloomberg 15 yrs fixed
Mauritania MRO 13 weeks T-bills Central Bank of Mauritania. The weekly auction results are presented in the news of the home page only floating
Mauritius MUR 6 months T-bills upon request 15 yrs fixed
Mexico MXN 91-day TIIE Bloomberg 15 yrs fixed
Moldova MDL 6m to 12m Total Deposits (suspended) Reuters and National Bank of Moldova 5 yrs fixed
Mongolia MNT Average of the 6m UBIBID and UBIBOR Reuters 5 yrs fixed
Morocco MAD Floating rate benchmark available upon request (6 months T-bills) 15 yrs fixed
Mozambique MZN 6 months T-bills (suspended) Central Bank of Mozambique 5 yrs fixed
Myanmar MMK No floating rate benchmark available 5 yrs fixed
Namibia NAD 6 months T-bills Bloomberg 15 yrs fixed
Nepal NPR No floating rate benchmark available Bloomberg 15 yrs fixed
Nicaragua NIO No floating rate benchmark available Banco Central de Nicaragua 15 yrs fixed
Niger XOF No floating rate benchmark available Bloomberg 15 yrs fixed
Nigeria NGN 6 months T-bills (suspended) Central Bank of Nigeria 15 yrs fixed
Pakistan PKR 6 months KIBOR Bloomberg codes are: PKDP3M Index, PKDP6M Index, PKDP12M Index 15 yrs fixed
Papua New Guinea PGK 6 months T-bills 7.5 yrs fixed
Paraguay PYG PYG 365 days CDA, monthly average rate Central Bank of Paraguay (BCP) 7 yrs fixed
Peru PEN 6 months LIMABOR in PEN ASBANC website Bloomberg codes are : PRBOPRBI Index PRBOPRB3 Index PRBOPRB6 Index PRBOPRB1 Index 15 yrs fixed
Philippines PHP 6 months PHIREF Bloomberg. The codes are: PFRP3MO Index PFRP6MO Index PFRP9MO Index PFRP1YR Index 15 yrs fixed
Rwanda RWF 6 months T-bills Central Bank website 5 yrs fixed
Senegal XOF No floating rate benchmark available Bloomberg 15 yrs fixed
Serbia RSD 6 months BELIBOR (avg deal tenor > 3yr) Reuters 10 yrs fixed
Sierra Leone SLL 6 months T-bills only floating
Solomon Islands SBD 6 months T-bills only floating
South Africa ZAR 6 months JIBAR Bloomberg. The codes are: JIBA1M Index JIBA3M Index JIBA6M Index JIBA12M Index 15 yrs fixed
Sri Lanka LKR 6 months T-bills, 6m SLIBOR Central Bank of Sri Lanka and Bloomberg. The codes are: SLBR1MON Index SLBR3MON Index SLBR6MON Index SLBR12MN Index 15 yrs fixed
Tajikistan TJS No floating rate benchmark available National Bank of Tajikistan 5 yrs fixed
Tanzania TZS 6 months T-bills (avg deal tenor > 3yr) Bank of Tanzania (the Central Bank). 15 yrs fixed
Thailand THB 6 months BIBOR Bloomberg. The codes are: BOFX1M Index BOFX3M Index BOFX6M Index BOFX1Y Index 15 yrs fixed
Togo XOF No floating rate benchmark available Bloomberg 15 yrs fixed
Trinidad & Tabago TTD 6 months T-bills only floating
Tunisia TND Taux Moyen Mensuel du Marché Monétaire (TMM) – 1 month rate Conseil du Marché Financier, under “Courbe des taux aujourd’hui” 15 yrs fixed
Turkey TRY 6 months TRLIBOR Bloomberg. The codes are: TRLIB1M Index TRLIB3M Index TRLIB6M Index TRLIB1Y Index 15 yrs fixed
Uganda UGX 6 months T-bills Bank of Uganda 15 yrs fixed
Ukraine UAH No floating rate benchmark available National Bank of Ukraine, Bloomberg 7.5 yrs fixed
Uruguay UYU 180-day ITLUP Bolsa Electrónica de Valores del Uruguay S.A. (Electronic Stock Exchange of Uruguay), under “Mercados”, “Curvas e indices”, “ITLUP” 7.5 yrs fixed
Uzbekistan UZS No floating rate benchmark available National Bank of Uzbekistan, Reuters 5 yrs fixed
Vietnam VND 6 months VNIBOR Reuters 15 yrs fixed
Yemen YER 6 months T-bills Central Bank website, under “reports & newsletters”/ “monetary and banking developments”. only floating
Zambia ZMW 182-day T-bills Bloomberg (historical rates with a time delay) and the Bank of Zambia 15 yrs fixed

MFX is the impact sectors’ only dedicated currency hedging facility.