China revalued the yuan in July, replacing a decade-long peg against the US dollar with a managed float regime. Financial market reactions made it plain that the future of the yuan would have broad implications for multinational companies (MNCs). Treasurers of MNCs are looking at their company’s yuan exposure and evaluating how they manage it. Previously, most corporations concluded that hedging against the yuan was simply too costly.
More in Risk Management
Treasury Management International showcases topical, pragmatic solutions and strategic insights on treasury, cash management, foreign exchange and other issues affecting treasury and financial professionals, together with treasury and finance news, education and opinion. With real-life treasury management experiences and case studies at its core, TMI provides valuable material for all practitioners - from experienced treasurers and CFOs to those new to the profession.
While all reasonable care has been taken to ensure the accuracy of the publication, the publishers cannot accept responsibility for any errors or omissions. All rights reserved. No paragraph or other part of this publication may be reproduced or transmitted in any form by any means, including photocopying and recording, without the written permission of P4 Publishing Ltd or in accordance with the provisions of the Copyright Act 1956 (as amended). Such written permission must also be obtained before any paragraph or other part of this publication is stored in a retrieval system of any kind.