A foreign trade agency company recently told reporters that since this year, due to greater fluctuations in the exchange rate of the U.S. dollar, the impact on corporate costs and profit accounting is relatively large. Such as the appreciation of the local currency, the devaluation of foreign currencies, will directly affect the export business income, increase foreign exchange gains and losses, affecting export accounting, accounting, shrinking corporate profit margins.

On November 21, the RMB against the U.S. dollar was trading at 6.6356, down 85 basis points from the previous trading day. According to the reporter's statistics, since the beginning of this year, the exchange rate of RMB against the U.S. dollar has risen 4.53% in total. The flexibility of the two-way exchange rate has been further enhanced. More and more listed companies are beginning to realize the importance of using financial instruments to evade exchange rate risks.

Jie Mei Technology recently announced that the company will handle foreign exchange hedging business, the cumulative amount within one year equivalent to no more than 90 million US dollars. According to incomplete statistics, more than 110 listed companies in the A-share market this year have announced new business and formulated the system. Last year, the A-share listed companies announced only more than 80 such new businesses.

Wen Bin, chief researcher at China Minsheng Bank, said in an interview with reporters yesterday that enterprises do derivative transactions with RMB forwards or options in order to avoid and lock the exchange rate risk. The use of this tool does not mean that after the expiration of certain assurances will not lose money, There is also uncertainty during this period.

Wenbin believes that earlier this year, companies that make long-term foreign exchange purchases may experience some losses because the exchange rate of RMB fluctuated more at the beginning of this year. Before April, expectations for a bearish RMB market were relatively large. For instance, the exchange rate was locked at that time. In September and October, along with the rapid appreciation of RMB, enterprises may have some exchange loss at this time. However, whether it is for foreign exchange purchase or foreign exchange settlement, the risk should be locked by the exchange rate.

From an enterprise perspective, Wen Bin said that in the future, the RMB exchange rate will not show a unilateral trend but fluctuate within a reasonable and balanced interval. Therefore, enterprises should establish the concept and awareness of preventing exchange rate risk, especially for foreign trade enterprises Abide by the basic requirements of the financial system in order to better avoid the exchange rate risk.

Since the beginning of this year, the trend of the RMB exchange rate has a certain relationship with the fluctuation of the U.S. dollar. Ding Yifan, researcher of the World Development Research Institute of the State Council Development Research Center, told reporters yesterday that in the short term, the monetary policy of the United States is not very stable, leading to certain uncertainties in the market's expectation of the U.S. dollar. The reason is that the United States is in a dilemma. If the Federal Reserve raises interest rates, the U.S. dollar will appreciate. However, this will lead to the collapse of the U.S. financial bubble and the resumption of crisis in the United States, which will lead to the devaluation of the U.S. dollar again. In the long run, the RMB exchange rate will still show a steady upward trend.

In September this year, the central bank issued a document to adjust the foreign exchange risk reserve ratio from 20% to zero. In this regard, Wenbin believe that this makes the bank offer lower costs, help companies better use of derivatives to hedge the exchange rate risk. In this context, on the one hand, the concept of enterprise training and awareness of the growing; the other hand, the lower the cost of the price, corporate demand has also increased over the first half.