Foreign Exchange

South Korea daily FX turnover hit all-time high in Q1

Increased demand for cross-border transactions of securities drove the growth.

South Korea daily FX turnover hit all-time high in Q1

Increased demand for cross-border transactions of securities drove the growth.

Weekly Global News Wrap: Klarna, Block execs calls UK’s planned BNPL regulations “outdated”; Citi’s global FX head to leave

And fintech Boost looks to raise $50m to $100m in possible new funding round.

Citi announces leadership appointments in Asia Pacific Markets business

The new heads will be based in Singapore and Hong Kong.

Korean banks’ in solid position to weather strong US dollar

Expectation of strong government support and solid foreign currency liquidity will support banks.

Deutsche Bank appoints Ruchir Sharma as co-head of Global Foreign Exchange

He will work with Darren Boulus.

Woori Bank probed for alleged irregular foreign currency transactions: report

Sources said that the deals, worth billions of won, were executed over the past year.

RHB Malaysia earns its 9th Domestic Foreign Exchange Bank of the Year trophy at the 2021 ABF Awards

The multinational regional financial services provider was recognised for its hassle-free digital FX platform assisting customers with simple...

South Korea mulls normalizing eased rules on banks’ FX derivatives: report

The country relaxed rules in March amidst a severe dollar crunch.

Alternative Benchmarks for the New Normal

Latest Trends in LIBOR Transitions in Japan

Airstar Bank launches 24-hour FX trading service

Customers who complete FX transactions worth HK$50,000 in total until 31 May will receive an HK$100 rebate.

Taiwan's central bank punishes Deutsche, ING, ANZ on currency speculation

They are not allowed to trade Taiwan dollar deliverable, non-deliverable forwards for a time.

South Korea may extend eased liquidity rules for banks: report

The foreign exchange liquidity rules are eased until September.

South Korea's FX reserves hit $417b at end-July

It reached a record-high in the value of non-dollar assets and investment return.

South Korean banks' daily FX turnover tumbled 12.4% in Q2

Values were hit due to the cut in transactions and fluctuations in exchange rates.

Thailand permits non-bank firms to provide foreign e-money

An operator must have a minimum registered paid-up capital of $3m (THB100m).

MAS establishes $60b USD facility for banks

It aims to support more stable USD funding conditions in Singapore.

Taiwan's central bank to stabilise forex after US rate cut: report

The US made its first emergency cut since 2009 as COVID-19 continues to spread.