Given that Europe is the region's main trading partner, the adoption of the euro ought perhaps to be good news, because it removes even more foreign-exchange risk.
In its history, CLS Bank has taken the risk out of foreign exchange transactions among its participants.
Eight companies cited rising costs as their main risk while four cited foreign exchange worries.
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The government's export credit agency, the Export Credits Guarantee Department (ECGD), will launch an Export Working Capital Scheme, a Bond Support Scheme, and will support banks offering foreign exchange hedging contracts to SMEs by sharing credit risk.
Banks will still be able to trade swaps to hedge risk and trade interest rate or foreign exchange swaps, but dealing in riskier swaps transactions must still be moved into affiliates.
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They have also coaxed leading international banks into setting up a global clearing house to reduce the risk of loss should big foreign-exchange trades not be completed as the parties agreed.
By flooding the foreign-exchange market with their own money, central banks risk driving up inflation which would erode the gain in competitiveness from a cheap currency.
Foreign exchange (or Forex) investing is the solution to market risk because you can offset your losses in the stock or bond market with your gains in the Forex market.
And how long will Asian countries continue to spend money building up foreign-exchange reserves that earn next to nothing and carry the risk of currency losses, rather than use the money to invest in their own region, which seems set to grow an awful lot in coming years.
Exchange rate risk is rising, creating greater obstacles to foreign investment flows into the emerging-market countries.
That is not to say that risk-off trading will not continue to dominate foreign exchange, but can the EUR fully recover from here?
Morgan have a complex measure of such indicators as foreign-exchange trades and swaps that was showing an increasing worldwide appetite for risk in January.
They will also have to provide more capital against such assets as government debt, hitherto regarded as risk-free, and increase the amount set aside for foreign-exchange dealings.
Bart Melek, vice president and director, head of commodity strategy, rates and foreign exchange research at TD Securities, said just chatter from Iran and Israel could push the risk premium on crude higher.
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There are also those in the wings with another product to flog: a foreign-exchange derivative which, because it is a bet settled for cash, also reduces Herstatt risk.
In 2005, the government passed a controversial hydrocarbons law that imposed significantly higher royalties and required foreign firms then operating under risk-sharing contracts to surrender all production to the state energy company in exchange for a predetermined service fee.
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