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ID:40010685
大小:107.50 KB
页数:7页
时间:2019-07-17
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1、1.GeneralIntroductiontoForeignExchangeRiskConceptofforeignexchangeriskForeignexchangerisk:theriskofsufferinglossesbecauseofadversemovementinexchangerates.Keypoints:①Foreignexchangeriskmaybecausedbytheloss,mayalsobebenefits.②Measureoftheriskofmathematicalsta
2、tistics,itiscommonvarianceandstandarddeviation.③Foreignexchangeriskistheriskofachangeincurrencyvalue.④Thepresenceofforeignexchangeriskistosetthevalueofforeigncurrencytransactionsprecondition,andirrespectiveofwhichcurrencyisthecurrencyoftradingpartnersorathi
3、rdcountrycurrency.⑤Notdirectlyinvolvedininternationaleconomicactivitiesoftheunitsandindividuals,becauseofitsforeignrelations,relatedtoforeigncurrencyexchangeanduse,therefore,facedwithforeignexchangerisks.ListenReadphonetically1.Euro:1999-1-1ariseEURO1=USD1.
4、132.2000MinimumEURO1=USD0.783.2003ChinaalloweduseRMBvalue.Causesfortheforeignexchangerisk1.Ininternationaltrade,paymentforgoodsandservicesusuallyinvolvesthecurrenciesofmorethanonecountry,andtheproblemofwhichcurrencytousecanbecomeaseriousbarriertocompletinga
5、deal.2.Inmostcases,therelativevalueofcurrenciesisconstantlychanging,andsomearequitevolatile.3.Ifthevalueofacurrencychangesbetweenthetimeadealismadeandthetimepaymentismadeitcouldhaveaseriousimpactontheprofitabilityofatransaction.Characteristicsoftheforeignex
6、changerisk1、Probability:Foreignexchangeriskmayoccurormaynotoccurdoesnothavenecessity.2、Uncertainty.3、Relativity:Causelossestoone,necessarilybringprofitstotheotherone.ThedirectionofexchangeratechangesForeignexchangepositionForeignexchangeratesriseorfallofthe
7、currencyexchangerateForeignexchangeratesfallorriseofthecurrencyexchangerateCalloptionofforeigncurrencyIncome>ExpenditureOrAssets>LiabilitiesGainLoss7PutoptionofforeigncurrencyIncome8、esNoeffectNoeffectFactorsoftheforeignexchangeriskThreebasicfactors:Currency、ForeignCurrency、Time.Foreignexchangeriskcanbedividedintotimeriskandvaluerisk.1、TimeRisk:Referstotheneedforforeignexchangeinco
8、esNoeffectNoeffectFactorsoftheforeignexchangeriskThreebasicfactors:Currency、ForeignCurrency、Time.Foreignexchangeriskcanbedividedintotimeriskandvaluerisk.1、TimeRisk:Referstotheneedforforeignexchangeinco
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