You Are Here: FX Market > Interbank Market for Foreign Exchange >Interbank Convention

Interbank Convention

Seychelles Interbank Foreign Exchange Market (SIFXM)

The Central Bank of Seychelles (CBS) is developing an interbank market for the trading of foreign exchange as part of its ongoing foreign exchange liberalisation process. The market is called Seychelles Interbank Foreign Exchange Market (SIFXM) and is about buying and selling of foreign exchange between participants as defined below at bid/offer exchange rates.

To read more about the convention

Currency Dates
16-07-2018 17-07-2018 18-07-2018 19-07-2018 20-07-2018
Last Average Quoted rates for buying USD 13.3685 13.3685 13.3270 13.4200 13.3735
Last Average Quoted rates for selling USD 14.0625 14.0625 14.0600 14.0725 14.0663
Weighted Average (SIFXM) Traded USD Rates No Trade No Trade No Trade No Trade No Trade

The SIFXM platform was closed since November 2010 and was re-opened effective May 16, 2011