Today, The Currency Exchange Fund (TCX) has announced its 2023 annual results at its Annual General Meeting in Amsterdam.

In 2023, TCX hedged USD 2.3 billion in currency risk of development investments in emerging and frontier markets – a record annual volume since the Fund’s inception in 2007. Additionally, TCX on-sold USD 1.5 billion in currency exposure to institutional investors, mobilizing international capital to take on frontier market currency risk.

Please read more in our press release.

For the complete results, please find the 2023 Annual Report here.