Access the report here.
2024: A Record Year for Reducing Currency Risk
In 2024, TCX delivered its strongest year yet, reducing more foreign exchange risk for borrowers in developing and frontier markets than ever before.
Our mission is simple but urgent: protect borrowers from the damage caused by currency volatility. Across the globe, too many borrowers still carry the burden of hard currency loans while earning in local currency. This mismatch puts critical investments at risk and limits the reach of development capital.
TCX exists to change that. By offering long term local currency hedging where no one else does, we help ensure that essential projects like infrastructure, clean energy, and inclusive finance can move forward safely, even in volatile environments.
In 2024, we scaled our work to new levels. We partnered with lenders and institutions across markets, provided access where it was lacking, and helped shift the system toward more resilient local solutions.
This report tells that story. Not only what we achieved, but why it matters and how our model has the potential to mobilize, and catalyze more sustainable investment in emerging and frontier markets.
The 2024 and previous impact reports can be found on the Publications page
For questions about the Impact Report, please contact Thomas Oostheim.