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 -63.85 -62.85 -115.15 -113.15
USD/CAD 4.25 5.5 -4.67 -1.11
USD/CHF -66.88 -65.88 -151.43 -148.93
EUR/USD 35.53 36.58 88.6 90.97
USD/JPY -43.61 -42.33 -104.55 -103.05