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Foreign Exchange Forward Swap Reference Point Definition Page
Australian Dollar (AUD) / United States of America (USD) end-of-day (EOD) Foreign Exchange Forward Swap Reference Points provide independent & transparent reference points/rates for the pricing and revaluation of an organisation’s Forward Foreign Exchange AUD/USD short and medium term ’forward book’ risk positions.
The definition for “AUD/USD Forward Points” is the interest rate differential between Australian & United States of America interest rates for a given period expressed as foreign exchange “forward swap” points.
The definition for ‘AUD/USD’ Forward FX EOD Reference Points for a reset date will be the average ‘mid point’ for each period at approximately 4.30 p.m. Sydney time.
For Forward FX reference rate procedures and calculation methodology please click here.