How does a reference rate differ from the rate on the exchange?

Name: GBP/USD_TOM - GBP/USD (GBPUSD_TOM) — quotes and trading statistics
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The rate on the exchange is formed by trades during the session and moves through the day. A reference rate is published once a day and serves as a benchmark for calculations and reporting: it can differ from a trade price and is not an offer to exchange currency.

British Pound / US Dollar (GBPUSD_TOM): rate and chart

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British pound / US dollarGBPUSD—

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Currency pair British Pound / US Dollar (GBPUSD_TOM)

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Currency pair British Pound / US Dollar (GBPUSD_TOM)

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