WM/Reuters benchmark rates are spot and forward foreign exchange rates that are used as standard rates for portfolio valuation and performance measurement. The WM/Reuters benchmark rates are provided by State Street subsidiary the WM Company and Thomson Reuters. The WM/Reuters Closing Spot Rate service was introduced in 1994 to prove standard forex rates that would enable portfolio valuations to be compared more accurately against each other and financial benchmarks, without having to account for currency differentials.
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