In recent years, fluctuations in international foreign exchange market, the vagaries of the RMB exchange rate floating range tends to increase, China's foreign enterprises are facing unprecedented pressure on the exchange rate risk. The use of financial derivatives to avoid exchange rate risks have become an inevitable choice. However, improper selection of derivatives and error application will directly affect the exchange rate risk management, corporate results, even to the enterprise will bring irreparable damage. Therefore it is necessary to conduct in-depth study of this issue.
This paper introduces the risk of financial derivatives and exchange rate concepts and categories, analysis of financial derivatives to avoid exchange rate risks and advantages of the principle; and then for the two categories of financial derivatives, futures class tools and options that class tools that combine enterprise transnational business in the case of the exchange rate risk management, explained how the selection and application of corporate foreign exchange forwards, futures, options, swaps and foreign exchange financial derivatives in order to effectively control the exchange rate risk, currency risk management practices for the enterprise to provide a theoretical reference.
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