2019 TCX Currency Hedging 2019-2022


22This report is a call for funding. However, it provides a detailed analysis of the TCX’s operations over the past decade.  The demand for local currency solutions will grow significantly in the future, fuelled by the need to shield households, enterprises, and institutions from currency risk. The supply of local currency is limited at present, and inadequate to meet the future demand. Over the past decade, TCX’s business and risk models have been thoroughly tested and the Fund has proven to be crisis resilient.