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 -48.9 -48.4 -92.75 -90.39
USD/CAD -3.62 -0.92 -7.86 -1.14
USD/CHF -106.51 -101.19 -215.59 -195.59
EUR/USD 76.69 78.48 154.54 156.96
USD/JPY -75.38 -73.88 -152.6 -149.6