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Historical data
Data as of : 11 August 2022 Time 09:00 AM

Fallback Rate (THBFIX)

Fallback Rate (THBFIX) is the synthetic rate for deposits in THB, which represents the effective cost of borrowing the THB synthetically by borrowing USD for the same maturity, and swapping out the USD in return for THB, where cost of borrowing USD is based on overnight rate compounded in arrears.

Fallback Rate (THBFIX) (unit: percent per annum) and components

Published on 11 August 2022
Tenor Fallback Rate (THBFIX) Original THBFIX Rate Record Day USDTHB Forward Points USDTHB Spot Rate Day Count Original IBOR Rate Record Day
1 Month| -0.17157 14 Jul 2022 -6.5278 36.4631 31 08 Jul 2022
3 Months| 0.58716 12 May 2022 -8.7500 34.7178 92 09 May 2022
6 Months| 0.91631 14 Feb 2022 -4.9846 32.5014 181 10 Feb 2022

    Components in Fallback Rate (THBFIX) calculation
    1. USDTHB Spot Rate on the Original THBFIX Rate Record Day (unit: Baht per 1 US Dollar)
    2. USDTHB Forward Points on the Original THBFIX Rate Record Day (unit: Satang)
    3. Fallback Rate (SOFR) (which is the USD rate that is a replacement rate of USD LIBOR) most recently published by Bloomberg on the Fallback Rate (THBFIX) publication date.
    Sources
    1. Contributing Banks
    2. FX Brokers
    3. Refinitiv (formerly known as Thomson Reuters)
    Related documents
    1. A User’s Guide to Fallback Rate (THBFIX)
    2. THBFIX Fallback Rate Adjustments Rule Book
    3. THBFIX Fallback Rates Factsheet
    4. Indicative 5-year historical data of Fallback Rate (THBFIX)
    5. Market consultation on Adjusted THBFIX and Responses to Market Feedbacks
    Remarks
    1. Fallback Rate (THBFIX) is calculated from USDTHB FX Spot and USDTHB FX Swap transactions undertaken by the Contributing Banks by using Fallback Rate (THBFIX) calculation methodology
    2. | denotes the indicative Fallback Rate (THBFIX) published prior to the USD LIBOR cessation, therefore it does not have any contractual impacts. (Fallback Rate (THBFIX) will have contractual impacts when the USD LIBOR cessation takes effect, as a result symbol | will disappear)
    3. ^ denotes that the fallback policy is implemented due to no USDTHB Spot or USDTHB Swap Qualified Transaction to calculate Fallback Rate (THBFIX) on any publication date.
    4. * denotes revised data
    5. Fallback Rate (THBFIX) is published for each Bangkok business day at 9.00 am. Fallback Rate (THBFIX) published each day represents Fallback Rate (THBFIX) on the Original THBFIX Rate Record Day (or the day corresponding to original THBFIX fixing date in an Interest Rate Swap transaction. For more information, please consult A User’s Guide to Fallback Rate (THBFIX))
    Terms and Conditions for use/ Disclaimer
    Fallback Rate (THBFIX) and components
    1. Bank of Thailand (BOT) who is the owner and administrator of the transactions-based Fallback Rate of Thai Baht Interest Rate Fixing or Fallback Rate (THBFIX), Refinitiv who is the official Calculating Agent, and the Contributing Banks and FX Brokers who supply the data do not warrant the completeness, timeliness, regularity, or accuracy of the published Fallback Rate (THBFIX) and components. The transactions-based Fallback Rate (THBFIX) and components may be subject to change at any time without notice.
    2. Under no circumstances shall BOT, Refinitiv, the Contributing Banks and FX Brokers be liable for any loss, damage, liability or expense incurred or suffered which is claimed to resulted from the use of the published Fallback Rate (THBFIX) and components, including without limitation, any fault, error, omission, interruption or delay with respect thereto. Under no circumstances, including, but not limited to, negligence, shall BOT, Refinitiv, the Contributing Banks and FX Brokers be liable for any direct, indirect, incidental, special or consequential damages, even if BOT, Refinitiv, the Contributing Banks and FX Brokers have been advised of the possibility of such damages.
    3. User specifically acknowledge and agree that BOT, Refinitiv, the Contributing Banks and FX Brokers are not liable for any conduct of any User.
    4. As a condition of use of the published Fallback Rate (THBFIX) and components, User agree to indemnify BOT, Refinitiv, the Contributing Banks and FX Brokers from and against any and all actions, claims, losses, damages, liabilities and expenses (including reasonable attorneys’ fees) arising out User’s use of the published Fallback Rate (THBFIX) and components, including without limitation, any claims alleging facts that if true would constitute a breach by User of these terms and conditions. If User is dissatisfied with the published Fallback Rate (THBFIX) and components, User’s sole and exclusive remedy is to discontinue using the published Fallback Rate (THBFIX) and components.
    5. The authorized display, reproduction, external distribution of Bank of Thailand Transactions-based Fallback Rate (THBFIX) and components or any derivatives works or improvements in any form or manner is expressly prohibited.
    Fallback Rate (SOFR)
    1. Fallback Rate (SOFR) serves directly or indirectly as an input or underlying reference for Fallback Rate (THBFIX), and it and the trademarks Fallback Rate (SOFR), Bloomberg Index Services Limited are used with permission under license by Bloomberg Index Services Limited and collectively with its affiliates, Bloomberg as calculating agent and distributor of Fallback Rate (SOFR).
    2. Bloomberg, International Swaps and Derivatives Association (ISDA) and their respective licensors are the sole owners of the intellectual property rights with respect to the Fallback Rate (SOFR).
    3. Neither Bloomberg nor ISDA guarantee the quality, accuracy and/or the completeness of the Fallback Rate (SOFR) or any data included therein and shall not have any liability for any errors or omission or interruptions in the calculation and/or dissemination of the Fallback Rate (SOFR). Neither Bloomberg nor ISDA makes any warranty, express or implied, as to results to be obtained by or from the use of the Fallback Rate (SOFR) or any data included therein or for any other use (whether directly or via any product referenced thereto) and each hereby expressly disclaims all warranties or merchantability or fitness for a particular purpose or use with respect to the Fallback Rate (SOFR) or any data included therein. Without limiting any of the foregoing, to the extent permitted by law, each of Bloomberg and ISDA disclaim any liability for any punitive, indirect, special, or consequential damages (including lost profits), even if notified of the possibility of such damages.