Managing FX Whiplash with Non-Deliverable Forwards (NDFs)

ASEAN may still offer strong growth opportunities, but currency volatility can quickly flow through to margins, cash flow, and reporting. In this ebook, Senni Ang, CEO of M-DAQ Market Solutions, explores how non-deliverable forwards work as a practical hedging tool for restricted or hard-to-deliver currencies, why the gap between fixing and execution matters, and why faster payments do not eliminate FX risk.

It also includes a country-by-country look at offshore NDF considerations across ASEAN countries like Indonesia, Vietnam, the Philippines, Thailand, and Malaysia, helping treasury, finance, and platform teams think more clearly about turning volatility into managed risk.