Platts to update forex table in Asian petrochemical reports

Please note that from June 3, 2019, S&P Global Platts will update the layout of its Asia close foreign exchange assessment table for clarity and consistency.

The table, which reflects forex values at the Singapore close (1630 Singapore time, 0830 GMT), is published on Petrochemicals Alert page 107, and in the Asian Petrochemical Scan.

Under this layout change, the ordering of the forex pairs will be updated, and Platts will move to publish just the midpoint value for each pair, rather than a high and low value reflected today. Platts will also clarify the labelling for each pair to reflect typical market conventions for describing each assessed pair.

While the format will be updated for the table, Platts will not otherwise make changes to these values, and will continue to publish the same series of data as it does today. All rates are assessed by Platts to reflect value at the close of trading in Singapore, except for the US Dollar-Yuan rate (AAWFW00), which will continue to reflect the rate published by the Bank of China.

Each currency pair will be published in line with the market practice of determining the base and quote currency for a pair.

The currency pairs that this applies to are:

Pair Database code

AUD/USD AAWFT00

EUR/USD AAWFU00

GBP/USD AAWFV00

USD/JPY AAWFX00

USD/HKD AAWFY00

USD/MYR AAWGA00

USD/SGD AAWFZ00

USD/CNY AAWFW00

Please send any comments or questions to petchems@spglobal.com and pricegroup@spglobal.com.