Who’s taking a punt on the RMB?
May 12, 2014
RMB hedging best practice
As the Chinese currency frees itself from the yoke of state control, treasurers should start protecting against unforeseen volatility.
It is undeniable – the renminbi is an international currency. Based on Bank of International Settlements (BIS) data, it is now the ninth most traded against the US dollar; its rapid trajectory is directly tied to the opening of offshore trading satellites in Hong Kong, Singapore, Taiwan and London.
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