Asian Currency Coverage
6 Asian currencies spanning financial hubs, remittance powerhouses, and manufacturing economies. Each with context about what makes pricing in that market distinct.
Major financial hub and regional trade settlement currency. One of the most liquid Asian currencies with transparent managed float.
- •Regional settlement currency for intra-ASEAN trade
- •MAS-managed float with transparent bands
- •Gateway for Western capital into Southeast Asia
- •High liquidity and low spreads
USD-pegged currency serving as the gateway to Greater China. Critical for CNY/CNH arbitrage and offshore RMB settlement.
- •Linked exchange rate to USD (7.75-7.85 band)
- •Gateway currency for China exposure
- •Deep liquidity from global financial center
- •Critical for offshore RMB operations
Tech export-driven economy with high correlation to semiconductor cycles. One of the highest daily turnover currencies in Asia.
- •Moves with global semiconductor demand
- •High daily turnover and liquidity
- •Export-driven with strong corporate FX demand
- •Subject to BoK intervention during volatility
Tourism and manufacturing economy with seasonal volatility. Central bank maintains managed float with active intervention.
- •Tourism receipts drive seasonal patterns
- •Manufacturing export economy
- •Bank of Thailand active in FX markets
- •Growing regional trade settlement role
Remittance powerhouse receiving $36B annually (10% of GDP). USD/PHP is one of the world's largest remittance corridors.
- •$36B annual remittance inflows
- •Remittances equal 10% of GDP
- •USD/PHP among world's largest corridors
- •BPO sector drives steady USD supply
Manufacturing hub and fastest-growing ASEAN economy. Growing remittance destination with USD-linked managed float.
- •Fastest-growing ASEAN economy
- •Manufacturing FDI driving FX flows
- •$18B+ annual remittance inflows
- •State Bank of Vietnam manages tight bands
Key Trade Partner Currencies
Asian trade corridors connect to global settlement currencies. These represent the primary routing for cross-border flows.
Primary settlement currency for all Asian corridors. USD/PHP and USD/VND among largest remittance routes.
Largest trading partner for ASEAN. Cross-border CNY usage growing rapidly.
Major investor in Southeast Asia. JPY carry trades influence regional FX.
European investment flows and trade settlement. Second global reserve currency.
Regional commodity currency. Significant Philippines and Vietnam diaspora.
Why Currency Context Matters
A currency code tells you nothing about market dynamics. The Philippine Peso is driven by OFW remittance cycles. The Korean Won tracks semiconductor export orders. The Vietnamese Dong operates under tight SBV management.
Understanding these contexts isn't academic—it's practical. A remittance platform that doesn't account for PHP weekend liquidity patterns will misprice. A trade finance system ignoring KRW export settlement windows will fail.
AFXO is built with this contextual understanding. We don't just aggregate rates—we understand what those rates represent in each market.
Need Technical Details?
Full technical specifications, API integration guides, and contract addresses are available on afxo.ai.