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
08-11-2018 09-11-2018 12-11-2018 13-11-2018 14-11-2018
Last Average Quoted rates for buying USD 13.4659 13.4218 13.4659 13.4659 13.4754
Last Average Quoted rates for selling USD 14.1650 14.1600 14.1675 14.1675 14.1775
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