Web Trader MT5
The WM/Reuters FX Benchmark is a set of standardized foreign exchange rates used as a trusted reference point in global currency markets. These rates help banks, fund managers, corporations, and treasury teams value portfolios, settle transactions, measure performance, and compare FX execution.
Because the FX market has no central exchange, exchange rates can vary across banks and trading platforms. The WM/Reuters benchmark provides an independent and widely accepted rate, helping market participants work from the same reference point.
The most recognized fixing is the 4:00 p.m. London fix, where rates are calculated using market data around that time. The benchmark covers more than 150 currencies and is used by major index providers, asset managers, and financial institutions.
Example:
If a global fund holds European stocks but reports performance in US dollars, it needs to convert euro values into dollars. The fund may use the WM/Reuters EUR/USD benchmark rate to make that conversion fairly and consistently.
In simple terms, the WM/Reuters FX Benchmark acts like a common “official reference rate” for currency valuation and comparison.
