Exchange rates to be published later in the day with ECB as new source
News Several changes will be made with regard to the Riksbank’s online service “Search interest rates and exchange rates”. For exchange rates, the ECB (European Central Bank) will become a new source and, as a result, new exchange rate quotations will become available on the website later than they are at present. The new time for publication will be around 16:15, all Swedish banking days. In addition, a new API (Application Programming Interface) and a new online form for exchange rates and interest rates are under development. The Riksbank plans to implement these changes in November/December 2023.
New source and new publication time for exchange rates
The Riksbank has decided to start publishing exchange rates determined by the ECB instead of those determined by Nasdaq. Most other central banks in the EU use the exchange rates published by the ECB and the Riksbank considers it would be a better option to use these to maintain continuity and the quality of calculation and publication. As a result, new quotations for the exchange rates will be available via the Riksbank’s website later than at present, around 16:15 on all Swedish banking days, instead of around 12:10 as before. The Riksbank plans to implement these changes in November/December 2023.
Read more: Questions and answers about the ECB as a source for exchange rates and new publication time
New API for interest rates and exchange rates under development
The Riksbank is also developing a new and more modern API with the aim of making it easier for users to automatically retrieve interest rates and exchange rates from the Riksbank’s website. Since the spring, a beta version of this new REST API has been available. The Riksbank’s old SOAP API will be phased out. The Riksbank plans to switch to the REST API in November/December 2023. The old SOAP API will then be phased out after a transition period of approximately 6 months.
Read more: Retrieving interest rates and exchange rates via REST API - beta version
New online form for interest rates and exchange rates under development
Work is also in progress to improve the online form and the search function available on the website. Hopefully this will make it easier for users to search for exchange rates and interest rates. The new online form will be launched alongside the new API.