How To Use Bloomberg For Forex

How to use bloomberg for forex

How to use bloomberg for forex

Using the Bloomberg Historical Forex Rates Activity

Overview: Bloomberg DL Accelerator

Overview: Bloomberg SAPI Accelerator

Use the Bloomberg Historical Forex Rates activity to retrieve FX rates for a date or date range beginning on the previous day or before.

Note:  To retrieve yesterday’s end-of-day or today’s current spot and forward FX rates, use the Bloomberg Forex Rates activity.

To update a Geneva price list with prices for Forward FX Contract investments, use the Bloomberg Forward FX Contract Prices activity instead.

Setting Up the Bloomberg Historical Forex Rates Activity

Before you can use the Bloomberg Historical Forex Rates activity, you must:

  • Set up data mappings.
  • Customize any data transformations as needed.

    How to use bloomberg for forex

     

  • Define the Bloomberg Global ID value for all the investments for which you want to retrieve data. Important: The Bloomberg Historical Forex Rates activity retrieves FX rates only for mediums of exchange that have the Bloomberg Global ID value defined.

Retrieving Rates for the AUD, EUR, GBP, and NZD Currencies with USD as a Denominator

For four currencies—AUD, EUR, GBP, and NZD—the market convention is to quote FX rates as the number of units of USD.

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To conform to this convention, when you request rates for these currencies and specify USD as the base currency, the activity makes USD the numerator and retrieve rates in the form of, for example, USD/AUD, USD/EUR, and so on.

However, if you want to specify USD as the base currency and make it the denominator when retrieving rates for these four currencies (example: AUD/USD), define the UseAllUSDIndirect activity setting as Yes.

Using the Bloomberg Historical Forex Rates Activity

Enter the following values when you run the activity.

Pricing Source The Bloomberg price source from which you want to request prices (Example: BVAL).

How to use bloomberg for forex

If you specify a price source, you must also specify a serial number, a workstation number, and a user number (see below). If you leave this field blank, the activity uses the default pricing source that you have set up with Bloomberg.

Base Currency Enter the FX rate’s denomination currency.

 

Start Date, End Date The historical date range for which you want FX rates (beginning with Start Date and ending with End Date, on the previous day or earlier), in the format MM/DD/YYYY.

Price Type The Bloomberg price type to retrieve.

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Select PX_ASK; PX_BID; PX_HIGH; PX_LAST; PX_LOW; or PX_MID.

Price Tenor The price duration. Select 1-day, 2-day, 3-day, 1-week, 2-week, 3-week, 2-month, 3-month, 4-month, 5-month, 6-month, 7-month, 8-month, 9-month, 10-month, 11-month, 12-month, 15-month, 18-month, 21-month, 2-year, 3-year, 4-year, 5-year, 6-year, 7-year, 8-year, 9-year, 10-year, 11-year, 12-year, 13-year, 14-year, 15-year, 16-year, 17-year, 18-year, 19-year, 20-year, 21-year, 22-year, 23-year, 24-year, 25-year, 26-year, 27-year, 28-year, 29-year, 30-year, or Spot.

Note: Not all tenors are supported for all currencies.

Price Interval If you’re requesting FX rates for a date range, select the interval for which you want to retrieve rates: Daily, Weekly (to return the FX rates on each Friday), Monthly, Quarterly, or Yearly (to return the FX rates on the last business day of each month, quarter, and year, respectively).

Price List The Geneva price list that you want to populate with FX rates.

Serial Number, Workstation Number, and User Number (This applies only to the Bloomberg DL accelerator.) See Retrieving Information for Restricted Investments.

Related Topics

Overview: Activities and Exceptions

How to use bloomberg for forex