DBS Bank has announced the expansion of its foreign exchange service, DBS SecureFX, to all corporate customers in Singapore. Initially launched in March 2025 for small and medium-sized enterprises (SMEs), the service allows businesses to lock in FX rates directly within DBS IDEAL, providing greater certainty in managing foreign exchange risk. This expansion comes as 83% of SMEs plan to internationalise in 2026, according to DBS’ Business Pulse Check Survey.
The service’s popularity is evident, with approximately 60% of DBS Singapore’s SME FX customers already utilising it for cross-border payments. The expansion aims to support more businesses amidst rising implied volatility in currencies such as the euro, Japanese yen, and British pound, driven by ongoing macroeconomic uncertainties.
Eileen Chia, Regional Head of Corporate Advisory, Global Financial Markets at DBS, stated, “Whilst global markets are moving through a period of heightened volatility, this also presents opportunities for businesses that are ready to scale beyond their home markets. Companies that take a more strategic approach to managing their foreign exchange exposures are often better positioned to seize regional opportunities, strengthen supplier relationships and plan with greater clarity.”
DBS SecureFX enables businesses to lock in preferred FX rates for five currency pairs, including USD/SGD and EUR/USD, up to one month in advance. This service supports payments up to $1m without requiring credit lines or upfront cash commitments. The expansion is part of DBS’s commitment to leveraging digital capabilities and financial market expertise to aid enterprises in their overseas growth efforts.
