Get current with FX hedging

As Singapore companies expand internationally, they would need to deal with currency fluctuations in their day-to-day operations. One way to manage this risk more effectively is through foreign exchange (FX) hedging solutions such as spot and forward contracts.

Many small businesses are unfamiliar with FX hedging solutions or they think that such solutions are only suitable for bigger companies.

The truth is, a business is never too small to use FX hedging solutions.

According to UOB, 14 per cent of its small business customers are using currency conversion or hedging solutions. This is expected to double to at least 30 per cent in the next few years.

NEED PROFESIONAL ADVICE?

The experienced FX advisory and trading unit at UOB Business Banking helps small business owners to manage their currency exposure and risk by providing solutions to hedge against the volatility of various currencies.

Call the UOB Business Banking FX hotline at 6709 8808 for advice and preferential FX rates.

UOB BUSINESS APP

Download the free UOB Business app from the Apple App Store. This one-of-its-kind app allows you to:

• Get real-time FX alerts, updates and research reports on the go
• Set alerts to inform you when a currency hits a specified price so you can execute a trade at the right time
• Enjoy savings on FX-related transactions

Produced by the TODAY Special Projects Team