SGI FX Forwards range of indices aims to replicate the performance of a strategy rolling foreign exchange forwards on currency pairs. Each index tracks a given pair and is denominated in USD. The objective is to provide a simple way to access the performance of a currency vs. another one across all regions. SGI FX Forwards indices can be used as a benchmark and as an underlying for financial instruments.
The SGI FX Forwards indices track the performance of a systematic roll of 1-month currency 1/currency 2 forwards. The prices of the forwards are based on publicly observable midlevels.
The SGI FX Forwards - ZAR/USD is calculated and maintained by STOXX Limited, Zurich, Switzerland, specifically for SG