Online reports, according to the Financial Times, Trump's repeated tariff policies have pushed exchange rate fluctuations to multi-year highs and boosted demand for foreign exchange hedging products at a time when companies are having difficulty adapting to market fluctuations. According to JPMorgan's G7 and Emerging Markets Exchange Rate Volatility Index, exchange rate volatility has soared in recent days to levels seen during the collapse of Silicon Valley Bank and Credit Suisse in March 2023. Bank and multinational executives said uncertainty surrounding Trump's tariffs has created more demand for foreign exchange hedging products to offset the impact of sudden exchange rate fluctuations on global business companies. Nathan Venkate-Swami, head of Asia-Pacific foreign exchange trading at Citigroup, said that since Trump was elected president of the United States in November last year, demand for hedging products has accelerated due to uncertainty about U.S. trade policies. "Trading activity slowed in many parts of Asia in February due to the Lunar New Year holiday, but trading volumes rebounded again in March and corporate hedging activity was strong," Swami said.