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 -67.9 -67.1 -122.67 -120.37
USD/CAD 11.22 12.12 1.72 5.22
USD/CHF -71.25 -67.25 -165.03 -155.03
EUR/USD 34.3 35.4 90.31 92.06
USD/JPY -43.76 -42.92 -109.4 -108.53