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Is there a logic or guidance on when to use spot/Cross/Refinitiv RIC while constructing RIC Code for forex ?
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For spot rates, if you know the SWIFT code for the currency, then you know the currency’s RIC; just add the = sign at the end. In most cases, the spot rate for a currency is shown against the US dollar. For example:
- GBP= shows the spot rate dollar against the British pound Sterling
- CHF= shows the spot rate Swiss franc against US dollar.
For cross-rates, simply use the SWIFT code for each currency, then add the = sign at the end. The currency you specify first is always the base currency, and the second is the counter-currency. The RIC GBPCHF= will therefore tell you how many Swiss francs can be obtained for one pound Sterling.
For more information, please directly contact the content support team via MyRefinitv.
