"For risk of market of avoid foreign currency, be on guard exchange rate fluctuates considerably brought bad influence, control company financial expenses is fluctuant, reduce 10 thousand divisions risk of debt of countervail of abroad platform future, the company is necessary to undertake with respect to n of foreign currency risk more sufficient set period keep a cost. " 10 thousand divisions were released on August 16 taste about beginning foreign currency to derive set period when the feasibility that keeps a cost analyses a report, express.
In global capital Hong Chao, exchange rate wave motion is increased, had become the problem that the enterprise must face, according to straight flush statistic, 2018 first half of the year A already 718 companies showed the exchange profit and loss first half of the year, accumulative total loss achieves 688 million yuan.
3 companies exchange loss passes 100 million
Since 2018, exchange rate of RMB add dollar appears of certain extent devalue, especially since the near future, devalue have quicken evidence, price has fallen to 6.836 among newest RMB add dollar, had defeated repeatedly this year 6.4, 6.5, 6.6, 6.7 wait for many important juncture.
In spring tide of global capital linkage, of exchange rate fluctuate considerably, also will affect A undoubtedly appear on the market the company runs a state, look from the half annual report that publishs in succession, many this round of wave motion is right appearing on the market impact of company outstanding achievement is bigger.
Data of straight flush statistic shows, up to on August 20, a 718 appear on the market the company is announced first half of the year exchange gains and losses, in among them 396 fluctuate in exchange rate " earned money " , in having the process that 4 enterprises appreciate in the dollar, "Lying to make money " more than 50 million; 322 are in exchange rate wave motion " sufferred an injury " , among them 3 enterprises appreciate because of exchange rate, exchange loss passes 100 million. In light of whole, because exchange rate is fluctuant, 718 appear on the market company, the exchange rate loss of accumulative total achieves 688 million yuan first half of the year.
From at present data looks, rong Chengshi is changed exchange profit amounts to 144 million yuan first half of the year, tabernacle A appear on the market company first half of the year exchange profit first place, profit of net profit of company of the corresponding period makes an appointment with 1.114 billion yuan, that is to say, 12.9% what only exchange profit contributed net profit. Rong Chengshi is changed advocate business Wu includes of all kinds chemical industry is tasted and chemical fibrous research and development, production and sale.
Exchange loss exceeds 100 million yuan first half of the year have 3, it is share of rich couplet of Europe humble science and technology, industry, Heng Li respectively, exchange loss is 325 million yuan respectively, 150 million yuan, 117 million yuan. With at present the Europe of first place of tabernacle exchange loss poors science and technology, first half of the year, the net gain of Europe humble science and technology is 744 million yuan, 43.82% exchange loss is profit of net of its the corresponding period.
Europe humble science and technology advocate business Wu is optical photoelectricity and intelligent car kind business. Because exchange rate change is right the outstanding achievement impact of the company is bigger, oufeike expresses in the risk clew that ability signs up for in half an year, as a result of company overseas business extend ceaselessly and uncertainty of existence of international trade policy, the fluctuant likelihood of exchange rate is managed to the company bring adverse effect, the company is faced with exchange loss and capital to devalue risk. The company will strengthen fluctuant to international situation and exchange rate analysis and research continuously, timely begin foreign exchange with orgnaization of the finance outside churchyard long-dated, foreign currency is dropped period, authority of foreign currency period and interest rate are dropped period wait for foreign currency to derive article trade business, utmost is on guard and reduce risk of exchange rate wave motion and effect.
Set defend company increase
Face the wave motion of exchange rate, most enterprise appears relatively spellbound. "Business of our industry imports and exports is smaller, had not done any protecting the value is right perhaps strong step, be in all the time ' streaking ' condition, and the RMB before this is in for a long time appreciate condition, do so do not make an impact not quite. Nevertheless our entrance is purchased this year increase, feel pressure, especially these a few months, the dollar appreciates faster, manufacturing cost raises many, had eaten off profit largely. " an oil tastes Hua Na the controller of company of imports and exports expresses anxiety-riddenly.
The controller that a stock goes is being accepted when interviewing, also express, at present most company deals to foreign currency relatively unfamiliar, risk n is bigger. "We a client does lumber business, 2016 when, the dollar ever also appeared Guo Yibo appreciates wet, the client purchases a batch of dollars in high point, exchange rate appeared to fluctuate reversely 2017, the client feels very be in an unfavorable situation, when accordingly exchange rate produces wave motion once more this year, he does not have any reaction, break through till exchange rate 6.9 later just will seek advice, ask we have why the product can is opposite the wave motion of strong exchange rate. Chase after typically go up kill drop, but such client is absent a few, represented most medium and small businesses even. Represented most medium and small businesses even..
When Guan Qingyou of financial academy dean is accepting 21 centuries economy to report the reporter interviews, express so: As the buildup of Chinese economy substance, trade friction also is met more and more frequent, the enterprise makes good exchange rate want to rush and protecting a value to work to also be weighed particularly.
What bank Guangzhou branch holds believe to cross condition business in financing of trade of department of bank international business believing to be in gold of gold of senior expert king to was in a few days ago in express on forum: At present the United States is adding breath cycle, enterprise not only should answer exchange rate risk, answer interest rate risk even. "Cross condition financing to be with the enterprise exemple, should experience loan, mix with paragraph, gathering remand wait for 4 link. When afore-mentioned link occurrence money is planted when the fault matchs, the enterprise will face exchange rate risk. In addition cross condition financing expedite deadline is longer and it is floating rate more, if encounter,add during debt add is put breath, the enterprise will face interest rate risk. The enterprise will face interest rate risk..
If a business got involved 3 years in June 2015 period for fiducial float interest rate by 6 months USD LIBOR 100 million foreign currency borrows money, 6 months LIBOR is at that time 0.9% . If did not have risk government, besides exchange rate wave motion, the enterprise still is assumed accordingly year influence the interest cost of 0.66% , this cost by put add each period LIBOR increases advantageous position average earning.
Zhang Qing of analyst of academy of China International futures, Jiang Kai expresses, exporting a company is this natural money more the person that headgear period keeps a cost, importing an enterprise is natural headgear period maintains this money air the person that be worth. The operation that exports an enterprise to go up in foreign currency market is to buy this currency futures contract, and import an enterprise set keeping a process is a this money foreign exchange sells futures contract on foreign currency market. There are a variety of meanses to be able to reduce the loss that the enterprise faces on exchange rate on market at present: Sign fixed price settlement of exchange, long-dated foreign currency to trade with the bank (if long-dated foreign currency is contracted,DF or NDF) , foreign currency is dropped period (cover like exchange rate of CCS) of contract of alternate money exchange, foreign currency period keep value and foreign currency period power business; Or increase this money to appreciate to its lesser money is planted close as commerce collect money to plant, also can reduce exchange loss; N of foreign currency risk is covered protect; Seasonable settlement of exchange, shift to an earlier date or delay settlement of exchange; Still can apply for to deal with exit sign to collect to the bank, exit maintains put in order, pay cost to shift to an earlier date settlement of exchange can be locked up collect valence surely; Buy insurance of monetary exchange rate to insurance device, the research that invites professional research organization to seek advice from exchange rate respect suggests the method such as opportunity of settlement of exchange and means reduces exchange loss.
Accrual zephyr coexists tools of any a kind of finance nearly, the business is very hard right choice is made in the financial tool with complex numerous and complicated. The face is fluctuant to foreign currency, the optimal way that satisfies an enterprise to answer a risk still is covered period keep a cost. Set period the lock that keep a cost decided retrorse risk, reduce a loss.
Nevertheless the controller of enterprise of a civilian battalion expresses, not be oneself do not think those who make exchange rate to cover period keep a cost, just entrust a bank to be engaged in this business wanting collection 1% to the poundage of 2% , this is already thin to profit for the medium and small businesses that is like bit, it is the heart has strength to spare to be not worth really.
