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CURRENCY PAIRS

The Currency Pair page displays all the available currency pairs. To access the Currency Pairs page, click on Other Data > Currency Pairs in the navigation pane.

The layout of the Currency Pairs is shown below. It lists the currency, associated rate, calculation type, vendor, spread multiplier, cross rates and etc. Each column can be sorted alphabetically or chronologically clicking the column header. You can further filter the documents by searching on the desired currency pair, calculation type or spread multiplier using the local search bar.

Kooltra also offers users the ability to export the information on the Currency Pair page by clicking More > Export .csv button.

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Modifying/Creating Currency Pairs

You can modify the existing currency pairs by clicking on the currency pair name. You can also create a new pair by clicking the New button on the top left corner. The steps to create a new currency pair are shown in a video below. After entering the instrument name (currency pair name), you can enter the current market rate, multiplier and currency pair type. 

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Calculation Method

When a currency pair is first created, the calculation method is default to be User Defined. There are five different calculation methods which are explained below:

Cross Calculation: The rate is calculated by multiplying or dividing two exchange rates in Kooltra's system It is mostly used for currencies that are less commonly traded such as CADKES. The two exchange rates need to be specified when the cross calculation is used.

For example, to obtain the rate of CADKES, CADUSD (ex rate of 0.7770) is multiplied by USDKES (ex. rate of 100.9) to obtain a CADKES rate of 78.40.

Direct Rate Feed: The rate is populated directly from a vendor, which generally is a financial services company or a public sector organization. A vendor needs to be specified when the direct rate feed is used.

Inverse: The rate is calculated by taking the inverse of a currency pairs exchange rate. A base exchange rate needs to be specified when the inverse method is used.

User Defined: The rate is manually entered and updated by a Kooltra user.

System Rate: The rate is populated using the system rate in Kooltra.

Swap Points Tab

Kooltra also offers users automated tools to conduct analysis on forward rates and swap points. The swap points is the difference between the forward rate and the spot rate for a particular currency pair when expressed in pips. Once bid points and offer points are specified, the swap points will be automatically calculated by Kooltra and presented in a table and chart.

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