- TMA is Hong Kong’s Treasury Markets Association
- The pricing is the benchmark of the spot USD/CNH rates in Hong Kong published at 11:15 am each business day
- The pricing is determined by averaging the middle quotes after excluding the highest 3 quotes and lowest 3 quotes from the 18 contributing banks (subject to changes by TMA from time to time)
Please note the following disclaimers and copyright notice regarding information provided on the Treasury Markets Association's website
While the Treasury Markets Association (TMA) will make all reasonable efforts to ensure a continuous, accurate and timely service, the TMA and other data providers make no warranties, representations or undertakings, expressed or implied by law or otherwise, in relation to the price fixings and reference rates and are not responsible for any errors or omissions, or losses caused by disruptions in the service or late publication of the daily rates or inaccuracy of the daily rates or otherwise arising from the use of or reliance on the price fixings and reference rates.