FX Forward
Protect your business from exchange rate volatility
FX Forward
Protect your business from exchange rate volatility
Protect from volatility
Protect your foreign currency receivables and payables from exchange rate volatility with a DBS FX Forward contract.
Fix a particular date
FX Forwards fix the exchange rate for a particular date in the future, whether it’s days, months or years. The exchange is completed on that date at the pre-agreed rate, regardless of the prevailing market rate.
Leverage our expertise and award-winning services, which make us one of the best FX houses in Asia. DBS was voted the Best Bank for Cash Management in China for 2019 and Best Treasury and Cash Management Bank and Provider in China for 2020 by Global Finance, and was also awarded the interbank RMB market top 300 of Y2019,Best Derivatives Market Maker, Most Active Market Maker and Best X-Swap Products Innovation for 2019 by CFETS (China Foreign Exchange Trade System).
Enjoy competitive pricing due to our market leader position and extensive network
Stay informed of the latest market developments with insights from more than 100 DBS research analysts in Asia
Identify and hedge against the potential risks you face when doing business overseas with strategic advice from our dedicated SME advisory sales team
Example:
Iff you expect to receive a USD payment from an overseas buyer in a month’s time, you will need to exchange such USD proceeds into CNY in a month’s time. However, you may also want to hedge against USD depreciation in the interim. That’s why you may wish to enter into a FX Forward contract as below:
Trade date: 8 January 2013
Spot rate: 1.2200
Settlement date: 1 month later (8 February 2013)
Principal amount: USD 1 million
Forward rate: 1.2198
Related
That's great to hear. Anything you'd like to add?
We're sorry to hear that. How can we do better?