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.
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.
| Country | ISO | 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 |
| Benin | XOF | No floating rate benchmark available | Bloomberg | 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 |
| 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 |
| 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 |
| Iraq | IQD | No floating rate benchmark available | 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 | |
| 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 |
| Namibia | NAD | 6 months T-bills | Bloomberg | 15 yrs fixed |
| Nepal | NPR | No floating rate benchmark available | Bloomberg | 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 |
| Northern Macedonia | MKD | 28-days Central Bank Bills | National Bank of Macedonia | 5 yrs fixed |
| Pakistan | PKR | 6 months KIBOR | Bloomberg codes are: PKDP3M Index, PKDP6M Index, PKDP12M Index | 7.5 yrs fixed |
| Papua New Guinea | PGK | 6 months T-bills | 7 yrs fixed | |
| Paraguay | PYG | PYG 365 days CDA, monthly average rate | Central Bank of Paraguay (BCP) | 15 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 | 5 yrs fixed |
| Rwanda | RWF | 6 months T-bills | Central Bank website | 15 yrs fixed |
| Senegal | XOF | No floating rate benchmark available | Bloomberg | 10 yrs fixed |
| Serbia | RSD | 6 months BELIBOR (avg deal tenor > 3yr) | Reuters | only floating |
| Sierra Leone | SLL | 6 months T-bills | only floating | |
| Solomon Islands | SBD | 6 months T-bills | 15 yrs fixed | |
| 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 | 5 yrs fixed |
| Tajikistan | TJS | No floating rate benchmark available | National Bank of Tajikistan | 15 yrs fixed |
| Tanzania | TZS | 6 months T-bills (avg deal tenor > 3yr) | Bank of Tanzania (the Central Bank). | 15 yrs fixed |
| Thailand | THB | No floating rate benchmark available | 15 yrs fixed | |
| Togo | XOF | No floating rate benchmark available | Bloomberg | only floating |
| Trinidad & Tabago | TTD | 6 months T-bills | 15 yrs fixed | |
| 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 | 7.5 yrs fixed |
| Ukraine | UAH | No floating rate benchmark available | National Bank of Ukraine, Bloomberg | 7.5 yrs fixed |
| Uzbekistan | UZS | No floating rate benchmark available | National Bank of Uzbekistan, Reuters | 15 yrs fixed |
| Vietnam | VND | 6 months VNIBOR | Reuters | only floating |
| Yemen | YER | 6 months T-bills | Central Bank website, under “reports & newsletters”/ “monetary and banking developments”. | 15 yrs fixed |
| Zambia | ZMW | 182-day T-bills | Bloomberg (historical rates with a time delay) and the Bank of Zambia | 15 yrs fixed |