coporate treasurer

FX forwards now more attractive in China

Apr 30, 2012 | By |

The foreign exchange regulator for China has scrapped a restricting limit on FX exposure for onshore banks, making it cheaper for banks to offer FX forwards to CFOs.

6 Months 1 Year
Forwards Bid Ask Bid Ask
AUD/USD -31.7 -30.64 -59.2 -54.6
USD/CAD -14.12 -11.78 -33.19 -26.19
USD/CHF -109.18 -105.58 -224.07 -214.32
EUR/USD 92.45 93.61 194.03 196.19
USD/JPY -86.8 -85.6 -182.53 -179.16