2016年人民币外汇衍生品市场发展情况与走势前瞻

2016 FX derivatives market review and outlook

2016年，英国脱欧、美国加息和特朗普胜选等多个事件都直接影响了外汇市场的走势，人民币汇率对一篮子和美元都出现下跌，年末全球多国利率在美元带动下都出现不同程度的上涨。文章基于市场基本面情况，从外汇期权和远掉市场两个组成部分回顾了2016年银行间外汇衍生品市场的发展特点与亮点，并就2017年市场发展趋势进行了展望。

In 2016, the surprises of Brexit, Fed interest rate hike and Donald Trump have a direct impact on the forex market development. The RMB exchange rate fell against a basket of currencies and the dollar. At the end of the year, the interest rates of multiple countries registered varying degrees of increase driven by a strong dollar. The essay, based on the market fundamentals, reviews the development of the inter-bank forex derivatives market in 2016 in terms of the forex options and swaps markets, and offers an outlook on the 2017 market.