HW公司汇率风险管理实践研究

The research of HW Company foreign exchange risk management practice

HW公司作为一家大型煤炭企业,在中日友好合作期间获得日元低息贷款,在汇率风险管理方面积累丰富的实践经验。在长期的外债管理工作中,HW公司通过设定汇率风险管理目标、制定风险防范策略、选择合适的掉期交易产品,成功实现了外债汇率风险管理目标,对拥有和即将拥有外汇业务的企业具有重要的借鉴意义。

With the integration of the world economy progress, strengthen the exchange rate risk management is becoming a more and more important problem which China enterprises must to face. HW Company is one of China＇s large state-owned Coal enterprises that own low interest yen loans during the early Sino-Japanese friendly cooperation period. During the enterprise＇s longterm external debt management, HW Company through setting foreign exchange risk management goal, establishing risk prevention strategies, and choosing the suitable swaps product, successfully implemented of the company external debt exchange risk management target. It has great referential significances for those companies which owned or will own foreign exchange risk issues.