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Reference Rates

Foreign Exchange

FX rates for a wide range of global currency pairs. 

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Built for FX markets

Kaiko’s FX Reference Rates deliver regulated, institutional-grade pricing for a range of benchmark currency pairs and reference pairs. Published continuously, they provide real-time price discovery via API and on-chain oracle, overcoming the limitations of traditional periodic FX fixes.

Distributed via Kaiko’s institutional-grade APIs and oracle infrastructure, each rate is independently governed, transparent, and built to meet the highest institutional requirements for on-chain and off-chain financial products.

  • Continuous 24/7 FX Price Discovery
    Access real-time foreign exchange rates updated every 50ms, providing a continuously published source of truth beyond the constraints of traditional daily fixing windows.

  • Oracle & API Delivery
    Available through Kaiko’s blockchain oracle (24/7) and institutional-grade APIs (24/5), enabling seamless integration into on-chain and off-chain products, from derivatives settlement to NAV calculations and collateral marking.

  • Regulated & Institutionally Trusted
    Kaiko’s FX rates are built to meet the highest institutional compliance requirements, with full auditability and historical data available from January 2016.

24/7 regulated fx rates available on-chain

Kaiko brings institutional-grade foreign exchange pricing directly to decentralized networks via oracle. Available on the Canton Network, FX rates are published continuously, eliminating the dependency on periodic daily fixes and enabling always-on financial applications.

Distributed via Kaiko’s purpose-built oracle infrastructure, and developed for regulated financial market participants, each on-chain FX rate is designed to be:

  • Outlier-resistant

    Proprietary methodology filters erroneous price data before it reaches your smart contract, with zero manual intervention in data production.

  • Auditable By Design

    Source attribution and calculation methodologies are fully transparent, easy-to-access, and verifiable on demand. Full history available from January 2016.

  • Independently Governed

    Each on-chain FX rate meets the highest regulatory standards for institutional use.

access real-time FX Rates via api

Available 24/5, Kaiko’s FX rates integrate directly into your trading systems, risk models, and financial products via institutional-grade APIs. Updated at regular intervals, each rate delivers reliable, low-latency FX pricing with consistency and precision. 

Historical rate availability from January 2016 supports backtesting, model calibration, and audit requirements, giving your team the full data infrastructure needed to build and maintain robust FX-linked products.

Featured FX Rates

Kaiko EUR/USD On-chain FX Reference Rate

The Kaiko EUR/USD On-Chain FX Reference Rate provides a continuously published, FCA-regulated benchmark for the Euro against the US Dollar. Delivered on-chain 24/7 via Kaiko’s oracle infrastructure, the rate is updated every 50ms from the entire global FX market. This delivers real-time price discovery for the world’s most actively traded currency pair, suitable for derivatives settlement, collateral marking, and on-chain financial applications.

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Ready to Get Started?

We serve 200+ enterprise clients worldwide, from financial institutions to crypto-native enterprises. Learn how Kaiko commodity reference rates power your products. Schedule a free consultation with our expert Indices team.

FAQ

How do FX Reference Rates differ from crypto price feeds?

FX Reference Rates are formally governed benchmarks produced under a defined, auditable methodology by a regulated benchmark administrator, designed specifically for settlement, valuation, and institutional product issuance. Kaiko’s FX Reference Rates meet critical regulatory requirements for use in derivatives contracts, structured products, and on-chain financial applications. Crypto price feeds, by contrast, aggregate raw trade and order book data across exchanges without the same governance framework or regulatory oversight. For institutions requiring a legally defensible, independently administered price reference for foreign exchange, Kaiko FX Reference Rates provide the compliance foundation that a standard crypto price feed cannot.

How do on-chain FX rates perform compared to traditional daily FX fixes? 

Traditional FX fixes such as the London 16:00 or New York 10:00 cuts are point-in-time snapshots, leaving financial products exposed to intraday price moves between fixing windows. Kaiko’s FX reference rates publish continuously, providing a real-time, always-on alternative that eliminates the gaps between fixes. This makes them particularly suited to 24/7 on-chain applications and derivatives products that require continuous price discovery.

How are Kaiko’s FX rates delivered on-chain?

Kaiko on-chain FX rates are delivered 24/7 via the Kaiko Data On-Ramp, a purpose-built oracle infrastructure developed for regulated financial market participants. Available on the Canton Network, rates are published directly to smart contracts with free hourly prices available by default, and higher-frequency updates available on request. Kaiko’s blockchain-agnostic approach means FX rates can be delivered to any blockchain network, not just Canton.

How can I access Kaiko’s FX reference rates? 

Kaiko FX reference rates are available via two delivery methods. API access (available 24/5) enables direct integration into trading systems, risk models, and financial products. Oracle delivery brings rates on-chain via the Kaiko Data On-Ramp, supporting settlement, collateral marking, and NAV calculations on distributed ledger infrastructure. Historical rate data is available from January 2016 to support backtesting, model calibration, and audit requirements.