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 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 N/A
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 N/A
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 N/A
XOF West African CFA Franc No floating rate benchmark available 15 yrs fixed N/A
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