Set up Forward Exchange Rates

Security Note: You need the Allow the user to edit currency and exchange security right in the Currency user group security rights group for this activity.

Activity Steps

  1. Open the Currency/Exchange Editor.
  2. Select the Exchange Rate Forward Curves tab.
  3. Create an exchange rate forward curve series:
    1. Right-click in the Exchange Rate Forward Curve Series table and select New from the menu.
    2. Complete the following fields.
      • Exchange Rate Source—Exchange rate source used to determine the spot exchange rates of the exchange rate forward curve. Select from the exchange rate sources defined in the Currency/Exchange Editor.
      • Source Currency—Select from the currencies defined in the Currency/Exchange Editor.
      • Destination Currency
      • Source Interest Rate Series—Multi-maturity interest rate associated with the source currency. Select from the multi-maturity interest rate series defined in the Interest Rate Editor.
      • Destination Interest Rate Series—Multi-maturity interest rate series associated with the destination currency.
    3. Update the Pip Size if required. Pip is an acronym for 'percentage in point', and is the smallest price move that an exchange rate makes in the market. In MineMarket, the pip size controls the number of decimal places in the display of the forward exchange rates. Select from 0.0001, 0.001, 0.01 and 0.1.
    4. Enter a Description if required.
  4. Click Save.