FX Week Asia: Corporate hedgers rattled by volatility
Tumultuous foreign exchange market in September has left some hedging strategies in disarray and led to more timely exposure monitoring in one treasury department, say corporate treasurers speaking at FX Week Asia
The severe volatility in currency markets in recent weeks has tested corporate treasurers and driven some changes in the way in which they monitor their exposures, according to speakers at the FX Week Asia conference in Singapore yesterday.
"It's easy to state as an objective that in hedging you're locking in a given amount. But let's say you're looking at eurodollar; if you take the decision to go ahead and lock it in at 1.45 or at 1.35, that can have consequences, as right now those two points
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