Explanatory notes on foreign exchange rate determination

  • The LBBW determines foreign exchange reference rates on every bank working day by 13:15.
  • These reference rates can be used to exchange or convert currencies.
  • For this, current foreign exchange rates are collected from financial market information systems (such as Thomson Reuters) at the prementioned time.These are then assessed by the LBBW market monitoring group with regard to their market conformity and thereafter released.
  • In derogation from the procedure explained above, LBBW currently publishes exchange rates provided by INTL FCStone for the following currencies. These reference rates are usually updated from 9:00 CET on every bank working day.
 

The foreign exchange reference rates are updated on everey bank working day at www.lbbw.de/devisenkurse and can be viewed here.