FX risk in the African banking sector: Survey report

The exposure of African financial institutions to currency risk is a critical aspect of their operational landscape, influencing their solvency, profitability, resilience, and ultimately their ability to support economic growth. The Making Finance Work for Africa (MFW4A) partnership and TCX collaborated to conduct a survey of African banks and non-bank financial institutions (NBFIs) to understand how foreign exchange risk, and matters arising from it, affect both them and their clients.