coporate treasurer

FX VOICE: RMB direct conversion and the future of CIPS

Oct 28, 2013 | By |

The UK and China have agreed to establish direct conversion of the pound and renminbi, while the euro and renminbi may not be far off. In terms of trade settlement, what is the potential impact of this development? CT asks the experts.

6 Months 1 Year
Forwards Bid Ask Bid Ask
AUD/USD -76.23 -75.38 -138 -136.8
USD/CAD 32.43 33.27 48.19 50.97
USD/CHF -73.2 -71.7 -163 -158.5
EUR/USD 30.9 31.95 82 84.1
USD/JPY -33.1 -32.6 -97 -95.5