Singapore firms continue to hedge USD exposure
DBS Bank says it is seeing more customers choose FX forwards, which are less complicated and cheaper, over options to hedge their risks
Add BT as a preferred source
Singapore
SINGAPORE companies are generally a cautious bunch, they take no chances with their US dollar exposure and hedging remains an ongoing activity, said banks.
The US dollar's weakness in 2017 has seen the Singapore dollar, in line with most other currencies, strengthen - to as much as 8 per cent in early September - hurting exporters. Importers on the other hand have been enjoying a tidy windfall.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI
