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Singapore Foreign Exchange Market Committee (SFEMC)

Whitepaper on FX Fixing Transactions in the Asian Time Zone for Market Participants in Asia

Explore the benefits and challenges of using FX benchmarks set in the Asian time zone for regional currency transactions.

Last updated on 22 September 2026

This whitepaper assesses the benefits and challenges of using FX benchmarks set during the Asian time zone for FX fixing transactions involving regional currencies. It also sets out implementation considerations for wider execution of FX fixing transactions during the Asian time zone for market participants in Asia, and lays out selected case studies for market participants’ reference.

Download here: Whitepaper on FX Fixing Transactions in the Asian Time Zone for Market Participants in Asia (opens in new tab)