Registration No. 200301030845 (633265-K) - 136 - 36. Financial Instruments (Cont’d) (b) Financial risk management objectives and policies (Cont’d) (iii) Market risks (a) Foreign currency risk The Group is exposed to foreign currency risk on transactions that are denominated in currencies other than the respective functional currencies of Group entities. The currencies giving rise to this risk are primarily Singapore Dollar (“SGD”), Chinese Renminbi (“RMB”), United Arab Emirates Dirham (“AED”), Australian Dollar (“AUD”), United States Dollar (“USD”), Euro (“EUR”) and New Zealand Dollar (“NZD”). The Group has not entered into any derivative instruments for hedging or trading purposes as the net exposure to foreign currency risk is not significant. Where possible, the Group will apply natural hedging by selling and purchasing in the same currency. However, the exposure to foreign currency risk is monitored from time to time by management. DESTINI BERHAD 249 ANNUAL REPORT 2026
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