Managing currency risk - part 2

Mar 2016 

Renminbi wars - the People’s Bank of China awakens

In August 2015, the Renminbi stumbled. Over 3 days the offshore rate for the Chinese currency (CNH) weakened by approximately 5% against the US dollar to reach 6.52 on 12 August 2015. Many pundits were puzzled: what did this mean for the Renminbi? At that time, we issued “Managing currency risk”, providing initial guidance for companies wishing to take a more active role in managing currency exposures.

In this sequel, we explore the implications for corporates of the ongoing uncertainty in the FX market. 

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Ian Farrar
China and Hong Kong Corporate Treasury Leader
Tel: +[852] 2289 2313
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