浙江外贸企业汇率风险中性管理的问题和建议

Problems And Suggestions on Exchange Rate Risk Neutral Management of Foreign Trade Enterprises in Zhejiang

"811"汇改以来,人民币汇率市场化程度日益提升,近几年呈现双向波动幅度加剧、节奏加快的特征,对浙江外贸企业形成较大冲击,在监管喊话风险中性、银行推进汇率避险服务的环境下,外贸企业汇率风险管理的意识和需求不断增加。本文梳理了汇改后人民币汇率市场变化给浙江外向型企业在汇率风险管理上带来的问题,以企业视角和银行视角分类剖析问题及原因,并从树立风险中性理念出发,提出企业汇率风险管理的基本原则和套期保值交易策略的建议。

Since the 811 RMB exchange rate reform,the degree of marketization of RMB exchange rate has been increasing day by day.In recent years,the two-way fluctuation amplitude has intensified and the rhythm has accelerated,which has a great impact on Zhejiang foreign trade enterprises.Under the environment of risk neutral supervision and banks promoting exchange rate hedging services,the awareness and demand of foreign trade enterprises’exchange rate risk management are increasing.This paper combs the problems of exchange rate risk management of Zhejiang foreign exchange enterprises caused by the changes of RMB exchange rate market after the exchange rate reform,analyzes the problems and causes from the perspective of enterprises and banks,and puts forward the basic principles of enterprise exchange rate risk management and hedging strategies from the perspective of establishing the concept of risk neutrality.