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 -73.34 -72.06 -133.4 -131.6
USD/CAD 30.58 31.83 42.6 46.2
USD/CHF -74.09 -72.89 -167.6 -162.1
EUR/USD 30.9 31.9 84.2 86.3
USD/JPY -34.45 -33.95 -100.05 -98.55