Managing Asian FX risk
Edoardo Sirtori, regional treasurer Asia for ST Microelectronics, talks about the challenges of managing foreign exchange risk in Asia.
What is the extent of ST MicroelectronicsÆ FX exposures in Asia
I am responsible for the treasury centre located in Singapore for the Asia region, which includes Asia Pacific, India, Japan as well as Greater China. In terms of foreign exchange we manage transaction risk exposures in currencies other than our functional currency of US dollar amounting to approximately $80-100 million in local currency terms and largely denominated in Singapore dollars, ringgit, renminbi and rupees. To a lesser extent we...
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