Foreign Exchange

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.

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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.

Deutsche Bank floats FX digital platform in Sri Lanka

Clients can pay in local currency between two Asian markets.

Global FX market daily turnover hits $6.6t in 2020

A 40% increase in daily forex trading volume was noted over the last decade.

Singapore steps up efforts to boost FX ecosystem as Hong Kong closes in fast

Citi launched a pricing engine that cuts the time it takes to route a trade between Singapore to Tokyo.