Bloomberg Fixings and Reference Rates
Benchmarks and reference rates for market participants
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Products
Bloomberg FX Fixings (BFIX)
Using Bloomberg data, technology and distribution platforms, BFIX is made available with the objective of providing FX fixings that are reliable, representative and transparent for valuations throughout market participants’ workflows.
BFIX is used globally by over 1,500 firms across client segments such as investment advisors, hedge funds, corporations, investment banks, commercial banks, interdealer brokers, global banks, government agencies, pension funds, family offices and fund administrators.
- Operates from 5:30pm ET on Sunday to 5:00pm ET on Friday
- Calculated and published every 30 minutes when markets are open
- Produces over 5,200 fixings covering over 140 core currencies against the United States Dollar (USD), 1,170 Spot cross pairs and over 3,900 Forward and NDF fixings
- Rates are published on the Bloomberg Terminal to a dedicated screen BFIX within 15 seconds of the end of the fixing window for USD based Spots & Forwards and within one minute for others
- BFIX can be accessed broadly by clients and third parties via the Bloomberg enterprise data suite of services and APIs for commercial application of the benchmark
- UK BMR compliant benchmark
- Administered by Bloomberg Index Services Limited (BISL)
- Regulated by the UK Financial Conduct Authority (FCA)
- Designed to be aligned with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks
BFIX rates
The below rates are designed to be a subset to the full offering available via the Bloomberg Terminal and Bloomberg enterprise solutions where all fixings and history are available.
The rates available on this website are for reference purposes only.
Bloomberg enterprise solutions can deliver the benchmark in various formats to organizations that may be using it in a commercial way.
The BFIX will not publish on the following days where liquidity is known to be significantly impacted: Good Friday, the market-observed Christmas Day and New Year’s Day.
Fixing rates delayed 25 minutes.
Governance
For general questions and information regarding BFIX, please send an email to bfixinquiry@bloomberg.net
To request a copy of the Bloomberg Benchmarks Control Framework Summary, the BFIX complaints policy, or to submit a complaint regarding a fixing or fixing determination, please send a correspondence to idxcomplaint@bloomberg.net or to the following postal address:
BFIX
c/o Bloomberg L.P.
731 Lexington Ave.
New York, NY 10022
Attn: BFIX Compliance
All such correspondence will be monitored by a member of the Bloomberg L.P. compliance team.
IBOR Fallback Rates
Inter-bank Offered Rates (IBORs), a series of interest rate benchmarks, are undergoing a period of change as regulators and industry groups have recommended that firms transition away from the London Inter-bank Offered Rate (LIBOR) and other IBORs and prepare to replace them with alternative, overnight Risk Free Rates (RFRs).
RFRs, including SOFR (USD), €STR (EUR) and SONIA (GBP), are typically administered and published by major central banks worldwide.
Bloomberg Index Services Limited (BISL and collectively with its affiliates, “Bloomberg”) was selected by the International Swaps and Derivatives Association (“ISDA”) as the vendor to calculate and distribute these RFR adjustments (each a “Rate Adjustment” and, collectively, the “Rate Adjustments”), including the Adjusted Reference Rate, the Spread Adjustment and the resulting Fallback Rate. Resources for IBOR Fallbacks can be accessed here.
Bloomberg Short-Term Bank Yield index (BSBY)
Please note that the final publication of the BSBY index and all tenors took place on Friday, November 15, 2024. The cessation took effect immediately following the publication of the rate for each BSBY tenor. Note that BISL is not recommending a fallback replacement rate for BSBY.
For any comments or questions, please contact your regional index team, the Bloomberg Help Desk on the Bloomberg Terminal or log into the Customer Service Center.
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