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More medium-sized companies hedging FX risk: HSBC exec
MMEs are likely to be more affected by currency volatility as they tend to be at the stage of going global
Add BT as a preferred sourcePublished Mon, Sep 21, 2015 · 09:50 PM
Singapore
MORE medium-sized companies are hedging their foreign exchange exposure, with the recent renminbi (RMB) devaluation a wake-up call, said Tim Evans, HSBC regional head of middle-market enterprises (MME).
The recent RMB devaluation is actually a wake-up call for companies, not to bank on the RMB - or any currency for that matter - as a one-way ride, said Mr Evans in a recent interview.
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