Page 56 - Annual Report 2019
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53 ANNUAL REPORT 2019 SUPERVISION AND AUTHORISATION
2. Foreign exchange exposures (net open position)
Millions
DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2017 2018 2019
The overall net open position in foreign currencies was modest at year-end 2019. The largest EUR USD-pegged RMB INR
currency exposure emanated from USD-pegged currencies followed by the Indian Rupee JPY GBP Other
(“INR”). Historically, exposure to Turkish Lira (included in “Other”), represented a dominant
currency exposure sourced from Turkey-domiciled investments. The residual currency exposure
to Turkish Lira at year-end 2019, however, was greatly diminished in comparison to prior years.