Why are the forward points different between the Forward Calculator and the Markets Dashboard?
The forward points displayed in the Markets Dashboard are based on the spot mid rate, while the Forward Calculator shows forward points based on the spot bid or ask rate, depending on your selection.
For example:
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The Dashboard shows a single mid rate (e.g., 34.5 for a 2-year tenor).
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The Forward Calculator shows separate bid/ask rates (e.g., 9 and 60 for the same 2-year tenor).
If you take the midpoint of the Forward Calculator’s bid/ask rates, it will align with the Dashboard’s mid rate. This difference occurs because the Dashboard provides a simplified mid-rate view, while the Forward Calculator offers more granular bid/ask rates for precise calculations.
How do I ensure consistency between the two tools?
To compare the two, calculate the midpoint of the Forward Calculator’s bid/ask rates. This will match the Dashboard’s mid rate, ensuring both tools are aligned in their calculations.
This distinction helps you choose the right tool for your needs:
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Use the Dashboard for a quick mid-rate overview.
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Use the Forward Calculator for detailed bid/ask rate analysis.
For assistance or to book a meeting, contact our support team at support@cnstreasury.com.
Thanks,
The CNS Team