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我国出口外贸企业将来收到外汇货款又要借款用于生产,企业面临很大人民币汇率利率双重风险,因此迫切需要解决其风险管理问题。可以使用目前市场上交易的人民币外汇远期、外汇期货和利率远期等衍生工具,分别对这两项风险进行独立管理和同步管理。导出策略的回报、风险和效率等统计指标,比较评价这两种风险管理策略的优良性。得到同步管理比独立管理更加优越的结论,企业可以使用同步管理策略更有效地规避所面临的双重风险。
In the future, China’s export and foreign trade companies will receive foreign currency loans and borrow money for production. Enterprises face a double risk of high exchange rate interest rates on the RMB. Therefore, there is an urgent need to address their risk management issues. You can use the foreign exchange forwards, foreign exchange futures, and interest rate forwards that are currently traded on the market to independently manage and synchronize these two risks. Export statistical indicators such as returns, risks, and efficiency of strategies to compare and evaluate the superiority of these two risk management strategies. With the conclusion that synchronous management is superior to independent management, companies can use synchronous management strategies to more effectively avoid the dual risks they face.