FX Forward

Protect your business from exchange rate volatility

FX Forward

Protect your business from exchange rate volatility

At a Glance

Protect from volatility

Protect your foreign currency receivables and payables from exchange rate volatility with a DBS FX Forward contract. 


Fix a particular date

FX Forwards fix the exchange rate for a particular date in the future, whether it’s days, months or years. The exchange is completed on that date at the pre-agreed rate, regardless of the prevailing market rate.

Features & Benefits

Leverage our expertise and award-winning services, which make us one of the best FX houses in Asia. DBS was voted the Best Bank for Cash Management in China for 2019 and Best Treasury and Cash Management Bank and Provider in China for 2020 by Global Finance,  and was also awarded the interbank RMB market top 300 of Y2019,Best Derivatives Market Maker, Most Active Market Maker and Best X-Swap Products Innovation for 2019 by CFETS (China Foreign Exchange Trade System).


Enjoy competitive pricing due to our market leader position and extensive network


Stay informed of the latest market developments with insights from more than 100 DBS research analysts in Asia


Identify and hedge against the potential risks you face when doing business overseas with strategic advice from our dedicated SME advisory sales team

How it Works


Iff you expect to receive a USD payment from an overseas buyer in a month’s time, you will need to exchange such USD proceeds into CNY in a month’s time. However, you may also want to hedge against USD depreciation in the interim. That’s why you may wish to enter into a FX Forward contract as below:
Trade date: 8 January 2013
Spot rate: 1.2200
Settlement date: 1 month later (8 February 2013)
Principal amount: USD 1 million
Forward rate: 1.2198

How competitive is the pricing of DBS’ FX products compared with other banks?

Being one of the leading banks in Asia, DBS is perfectly placed to deliver the best possible pricing available to you. We not only strive to remain competitive, but to actually lead the market.

How does DBS update SME customers on current FX rates and market trends?

Our Economic Research Team produces a daily breakfast summary of the latest market trends, updates and FX rates.

How to Apply

Call us on 400 821 8881 or visit any of our Branches for more details. You may also email us and arrange our Relationship Manager to call you.