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 -58.5 -57.05 -109 -107.5
USD/CAD -8.18 -7.17 -34.1 -27.45
USD/CHF -84.19 -80.69 -186.9 -178.9
EUR/USD 62.56 63.66 143.4 145.4
USD/JPY -70.29 -68.29 -169.25 -164.05