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2. Foreign exchange exposures (net open position)
The largest currency exposure emanated from USD-pegged
currencies followed by the Indian Rupee (INR). While open
positions of Renminbi (RMB) and Japanese Yen (JPY) were
stable, the Euro (EUR) and British Pound (GBP) remained
highly volatile. The significant decrease in USD-pegged
currencies at the end of December 2020 was primarily due
to the conversion of USD-pegged currencies to USD.
T ABLE OF C ONTENT S
