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 -33.79 -32.81 -63.94 -61.92
USD/CAD -18.03 -14.56 -40.79 -35.03
USD/CHF -103.66 -100.7 -212.79 -207.74
EUR/USD 87.63 91.22 186.56 191.06
USD/JPY -81.34 -80.06 -171.37 -168.75