Available Currencies

MFX Currencies

MFX can offer hedging in many currencies and maturities which are not covered by commercial banks. Based on itspartnerships 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 Currency Benchmark MAX FIX TENOR  Source of data
 AMD Armenian Dram  6 months T-bills  15 yrs fixed  Central Bank of Armenia, under “Publications”, “Messages and announcements”.
 ARS Argentine Peso  180 day BAIBOR  15 yrs fixed  Bloomberg. The code is: ARLBP180 Index
 AZN Azerbaijan Manat  No floating rate benchmark available  4.5 yrs fixed  Baku Stock Exchange, in the press releases, T-bonds results
 BAM Bosnia-Herzegovina Mark  No floating rate benchmark available  15 yrs fixed  Bloomberg
 BDT Bangladesh Taka  6 months T-bills  15 yrs fixed  Central Bank of Bangladesh, under “money market”, “Govt. securities auction”, “Treasury bills and bonds”
 BOB Bolivian Boliviano  6 months Letras del Tesoro en Moneda Nacional  15 yrs fixed  Central Bank of Bolivia, under Indicadores, Operaciones de Mercado Abierto. Select Resultado de subasta letras del Tesoro
 BRL Brazilian Real  CDI, 180-day Pre-DI  15 yrs fixed  Bloomberg
 BWP Botswana Pula  91-day Bank of Botswana Certificate (BoBC)  15 yrs fixed  Bank of Botswana
 BYR Belarusian Ruble  No floating rate benchmark available  4 yrs fixed  National Bank of Belarus
 CLP Chilean Peso  1-day TCPI Tasa de Inter‚s Promedio Interbancaria a 1 dia (TIPI)  15 yrs fixed  Bloomberg (CHIBNOM Index)
 COP Colombian Peso  180-day DTF  15 yrs fixed  Bloomberg. The codes are: DTF Rate Index DTF 180 Index DTF360 Index
 CRC Costa Rican Colon  Tasa Basica (6 months)  7.5 yrs fixed  Costa Rican central bank
 DOP Dominican Peso  Tasa de interes pasiva promedio ponderada de los Bancos Multiples (TPPP) – 3 months rate  10 yrs fixed  Banco Central de la Republica Dominicana
 EGP Egyptian Pound  6-month T-bills  15 yrs fixed  Egyptian Ministry of Finance
 GEL Georgian Lari  6 months Certificate of Deposit  15 yrs fixed  Bloomberg
 GHS Ghanaian Cedi  6 months T-bills  5 yrs fixed  Bank of Ghana
 GTQ The Guatemalan quetzal  TPPP – 6 months rate  5 yrs fixed  http://www.banguat.gob.gt/
 HNL Hondurian Lempira  6 months T-bills  7 yrs fixed  Banco Central de Honduras
HRK Croatian Kuna 1-month, 3-month, 6-month, 1year ZIBOR 15 yrs fixed
 IDR Indonesian Rupiah  6 months JIBOR OR 6 months Bank of Indonesia deposit rates  15 yrs fixed  Bloomberg
 INR Indian Rupee  3 months MIBOR  15 yrs fixed  Bloomberg
 JMD Jamaican Dollar  6 months T-bills  15 yrs fixed  Bank of Jamaica, under Economic data, Interest rates, Money market summary
 JOD Jordanian Dinar  6 -months JODIBOR  7.5 yrs fixed  Bloomberg codes are : JDIBOR1M Index JDIBOR3M Index JDIBOR6M Index JDIBOR12 Index
 KES Kenya Shilling  6 months T-bills  15 yrs fixed  Central Bank of Kenya
 KGS Kyrgyz Som  No floating  3 yrs fixed  National Bank of Kyrgyz Republic, under “Statistics”, “Financial market”, “Auctions of State Treasury bills”
 KHR Cambodian Riel  No floating rate benchmark available  5 yrs fixed  National Bank of Cambodia
 KZT Kazakh Tenge  3-month KazPrime  15 yrs fixed  Bloomberg
 LKR Sri Lankan Rupee  6 months SLIBOR  15 yrs fixed  Central Bank of Sri Lanka and Bloomberg. The codes are: SLBR1MON Index SLBR3MON Index SLBR6MON Index SLBR12MN Index
 MAD Moroccan Dirham  Floating rate benchmark available upon request (6 months T-bills)  15 yrs fixed
 MDL Moldovan Leu  6m to 12m Total Deposits  1.5 yrs fixed  Reuters and National Bank of Moldova
 MGA Malagasy Ariary  6 months T-bills  1.5 yrs fixed  Central Bank of Madagascar, under “R‚sultats BTA des 5 derniŠres s‚ances”
 MKD Macedonian Denar  28-days Central Bank Bills  5 yrs fixed  National Bank of Macedonia
 MNT Mongolian Togrok  Average of the 6m UBIBID and UBIBOR  5 yrs fixed  Reuters
 MRO Mauritania Ouguiya  No floating rate benchmark available  only floating  Central Bank of Mauritania. The weekly auction results are presented in the news of the home page
 MXN Mexican Peso  91-day TIIE  15 yrs fixed  Bloomberg
 MYR Malaysian Ringgit  6 months KLIBOR  15 yrs fixed  Bloomberg.The codes are: KLIB1M Index, KLIB3M Index, KLIB6M Index, KLIB12M Index
 MZN Mozambique Metical  6 months T-bills  4 yrs fixed  Central Bank of Mozambique
 NGN Nigerian Naira  6 months T-bills  15 yrs fixed  Central Bank of Nigeria
 NIO Nicaraguan Cordoba  No floating rate benchmark available  15 yrs fixed  Banco Central de Nicaragua
 NPR Nepalese Rupee  No floating rate benchmark available  15 yrs fixed  Bloomberg
 PEN Peruvian Nuevo Sol  6 months LIMABOR in PEN  15 yrs fixed  ASBANC website Bloomberg codes are : PRBOPRBI Index PRBOPRB3 Index PRBOPRB6 Index PRBOPRB1 Index
 PHP Philippines Peso  6 months PHIREF  15 yrs fixed  Bloomberg. The codes are: PFRP3MO Index PFRP6MO Index PFRP9MO Index PFRP1YR Index
 PKR Pakistan Rupee  6 months KIBOR  15 yrs fixed  Bloomberg codes are: PKDP3M Index, PKDP6M Index, PKDP12M Index
 PYG Paraguayan Guarani  PYG 365 days CDA, monthly average rate  7 yrs fixed  Central Bank of Paraguay (BCP)
 RSD Serbian Dinar  6 months BELIBOR  10 yrs fixed  Reuters
 RWF Rwandan Franc  6 months T-bills  5 yrs fixed  Central Bank website
 THB Thai Baht  6 months BIBOR  15 yrs fixed  Bloomberg. The codes are: BOFX1M Index BOFX3M Index BOFX6M Index BOFX1Y Index
 TND Tunisian Dinar  Taux Moyen Mensuel du March‚ Mon‚taire (TMM) – 1 month rate  15 yrs fixed  Conseil du March‚ Financier, under “Courbe des taux aujourd’hui”
 TRY Turkish Lira  6 months TRLIBOR  15 yrs fixed  Bloomberg. The codes are: TRLIB1M Index TRLIB3M Index TRLIB6M Index TRLIB1Y Index
 TZS Tanzanian Shilling  6 months T-bills  15 yrs fixed  Bank of Tanzania (the Central Bank).
 UAH Ukranian hrivnia  No floating rate benchmark available  7.5 yrs fixed  National Bank of Ukraine, Bloomberg
 UGX Ugandan Shilling  6 months T-bills  15 yrs fixed  Bank of Uganda
 UYU Uruguayan Peso  180-day ITLUP  7.5 yrs fixed  Bolsa Electr¢nica de Valores del Uruguay S.A. (Electronic Stock Exchange of Uruguay), under “Mercados”, “Curvas e indices”, “ITLUP”
 VND Vietnamese Dong  6 months VNIBOR or 6 months VIFOR  15 yrs fixed  Reuters
 XAF Central African Franc  No floating rate benchmark available  15 yrs fixed  Bloomberg
XOF West African CFA Franc Floating rate not available (only fixed rate) 15 yrs fixed
 YER Yemeni Real  6 months T-bills  only floating  Central Bank website, under “reports & newsletters”/ “monetary and banking developments”.
 ZAR South African Rand  6 months JIBAR  15 yrs fixed  Bloomberg. The codes are: JIBA1M Index JIBA3M Index JIBA6M Index JIBA12M Index
 ZMK Zambian Kwacha  182-day T-bills  15 yrs fixed  Bloomberg (historical rates with a time delay) and the Bank of Zambia