BSP Group General Manager, Treasury, Rohan George said as FX inflows can be lumpy, there is expected to be periods where outstanding FX orders build up.
“To manage volatility in foreign currency flows, businesses should place FX orders (with correct documentation), as soon as possible, ensure orders are cash-backed while awaiting execution, ensuring tax clearance certificates are current and reflect the expected FX order execution time,” George stated in the BSP Pacific Economic and Market Insight Q1 2022 Report.
