Currency Asset Management
QCAM Currency Asset Management AG merges two areas of competence, which we have successfully demonstrated since 2005: Currency Management and Asset Management. With our positioning in these two growth areas we are opening up unique perspectives to our customers.
QCAM’s client base includes Pension Funds, Family Offices, Corporates, Asset Managers and NGOs.
Independent, transparent and reliable – at QCAM we live our company values every day in relations with our customers and stakeholders. We select the suitable solution for you from a wide range of products and services.
QCAM is regulated by FINMA and registered with the SEC and thus fulfills highest compliance requirements.
Experienced Currency and Asset Management specialists are here to assist you. Expect highest standards of quality and service.
03.09.2026 | Issue #131
«The Kevin and Scott Show»
The USD traded slightly weaker in August with some volatility courtesy to Scott Bessent and Kevin Warsh. The mix of growth fundamentals and monetary/fiscal policies provides no clear direction. Much will depend on actual data and policy delivery. The USD still enjoys a carry advantage, …
Economy & Interest Rates
Global economic conditions continue to improve gradually despite renewed tensions in the Persian Gulf and resulting oil supply shortages as well as growing AI anxieties. Business confidence has held up, and consumer confidence has stabilized. The US remains the global engine of growth, …
FX Markets
The USD DXY slipped 0.3% over the last month with all major currencies gaining versus the USD except for the JPY and the SEK. The performance of EM currencies was more mixed with gains in the CNH and INR and losses in the RUB, TRY and BRL. Long USD speculative positions …
FX Analytics
There have been few position changes over the last four weeks. We kept the discretionary Macro positions at neutral given thee range-bound currency outlook with increased volatility risks (see Insight, page 1). In Business Sentiment, …
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The Kevin and Scott Show
QCAM Monthly September 2026: "The Kevin and Scott Show". The USD traded slightly weaker in August with some volatility courtesy to Scott Bessent and Kevin Warsh. The mix of growth fundamentals and monetary/fiscal policies provides no clear direction. Much will depend on ...
FX Quick Sheets: Key Economic Data for Treasurers
Stay Ahead: Key Economic Briefing for Treasurers. In a fast-moving financial world, every basis point counts. Our «FX Quick Sheet» delivers concise, actionable insights on the latest economic data for Treasurers in Switzerland — from interest rate and currency data to shifts in the most relevant Swiss macroeconomic indicators.
#01 Underestimating or ignoring the cost of FX transactions
What does an FX transaction really cost? Every currency exchange incurs direct costs, in the form of: Bid/ask spreads (the difference between the bid and the ask rate) and/or transaction-based costs. The size of this margin depends primarily on transaction volume and on the client-specific trading set-up. For institutional investors it ranges from less than one to multiple basis points. What can you do?
An Art and not a Science
QCAM Monthly August 2026: "An Art not a Science". The USD fell back amid concerns over Fed credibility and concerted JPY interventions. We still view USD fundamentals as favorable but acknowledge that setback risks have increased. Estimating currency fair-values based on PPP is more of an art than a science but provides ...