ISO 15022 Data Field Dictionary

MT518: (68) Field 92B: Rate: Exchange Rate

FORMAT

Option B :4!c//3!a/3!a/15d (Qualifier)(First Currency Code)(Second Currency Code)(Rate)

PRESENCE

Optional in optional subsequence C3

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

EXCH

N

 

B

Exchange Rate

DEFINITION

This qualified generic field specifies:

EXCH

Exchange Rate

Exchange rate between the amount and the resulting amount.

NETWORK VALIDATED RULES

First Currency Code and Second Currency Code must be valid ISO 4217 currency codes.

The integer part of Rate must contain at least one digit. A decimal comma is mandatory and is included in the maximum length.

USAGE RULES

The order of the two currencies specified here is independent of the currencies in the amount and resulting amount fields. Therefore the exchange rate can be expressed as a reciprocal if required.

For the calculation of the rate itself, the First Currency Code will be the base currency and the Second Currency Code will be the quoted currency (1,00 of First Currency Code = [Rate] of Second Currency Code).

EXAMPLE

The exchange rate between US dollars and Pounds Sterling can be shown as:

:92B::EXCH//GBP/USD/1,619 (1,00 GBP = 1,619 USD)

or as

:92B::EXCH//USD/GBP/0,618 (1,00 USD = 0,618 GBP)

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