BoE reference rates

Bank of England FX Reference Rates
The Bank of England (BoE) reference exchange rates offer daily indicative mid-market values for major global currencies. These rates are typically updated at around 10:30 CET each working day and reflect conditions observed on the previous business day.

Interactive Charts and Historical FX Data
The table above lists the latest FX reference rates provided by the BoE. Each currency pair row can be expanded to display a historical exchange rate chart. These visual tools allow you to track daily changes, identify trends, and analyze market movements over time.

Informational Use and Methodology
The BoE publishes these rates for informational purposes only. They are not official or legally binding rates and should not be considered more authoritative than rates published by commercial banks in the London foreign exchange market. The reference rate is calculated as the midpoint (arithmetic average) between the observed bid and ask quotes at the time of publication.


Frequently Asked Questions about BoE FX Rates

What are the BoE reference rates?
They are daily mid-market exchange rates for major global currencies, published by the Bank of England. They reflect average values based on bid/ask quotes from the market and are intended solely for reference.

When are the rates published?
The Bank of England typically publishes the rates at approximately 10:30 CET on each working day, using market data from the previous business day.

Are BoE FX rates official?
No. The BoE explicitly states these are not official exchange rates. They are indicative values that serve informational purposes and should not be treated as binding.

How are the rates calculated?
The exchange rates are computed as the arithmetic average (midpoint) of observed bid and ask prices in the London FX market at a specific time during the day.

Can I use these rates for transactions?
You can use them as a general guide or benchmark, but for actual transactions, it’s best to refer to your financial institution or trading platform, as commercial banks set their own live rates.

Which currencies are covered?
BoE reference rates typically include major currencies such as the US dollar (USD), euro (EUR), Japanese yen (JPY), Swiss franc (CHF), and others with high trading volumes in London.

Where can I view historical exchange rates?
You can view historical FX rate charts by expanding each row in the table above. The interactive charts provide a daily view of exchange rate trends over time.