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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 sourcePublished Sun, Oct 8, 2017 · 09:50 PM
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.
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