| With the rapid development of electronic information technology,our foreign trade business is stepping into a new era,which brings not only unlimited opportunities but also great challenges to enterprises.Especially in the foreign trade,we should pay special attention to the exchange rate risk.Because of the serious exchange rate risk problem,it will hinder the operation of enterprises to a certain extent,resulting in serious economic losses.Therefore,enterprises must identify exchange rate risks in time and take effective measures to solve specific risk problems in order to avoid serious exchange rate risk problems.Based on the investigation and analysis of the current situation of C Company’s foreign exchange risk management,this paper firstly consulted domestic and foreign scholars’ research literature on foreign exchange risk management through different ways to learn the research trend in this aspect.Secondly,The author searched a large number of foreign exchange risk management cases of enterprises,sorted out the management status of C company,identified and evaluated the current risks faced by C company,and summarized the current risk exposure faced by C company,which has not taken measures to improve:(1)It is difficult to collect overdue accounts of customers;(2)The contract payment time span is long,and the transaction currency of different countries is fixed USD in the process of transaction;(3)The impact of unexpected events on cost is not prevented in advance;(4)The cash flow in circulation outside the consolidated statement is not reasonably controlled。 Trading data of 90 days after risk identification was selected and the historical simulation method in Var was used to make a quantitative assessment of C company’s foreign exchange risk.When the confidence level was set to 98%,the maximum loss of C company was3759 CNY.Judging from the enterprise scale and order amount,the risk loss was relatively high for C company.Through the risk identification and evaluation of C Company,it is analyzed that the main problems of C company in foreign exchange risk management at present include insufficient attention to foreign exchange risk management,which is manifested in two aspects: first,the factors of foreign exchange risk have been ignored in the operation of the enterprise,and the other is that even though the risk exposure is large,the hedging ratio is low;The foreign exchange risk prevention and response measures are single,mainly reflected in the single types of financial instruments used by C company in dealing with foreign exchange risks;Foreign exchange risk control is not in place,which is mainly reflected in the risk management process of C company,in which all departments fight for themselves,implementation standards are inconsistent,and foreign exchange risk events occur frequently.In order to better solve the above problems and enable management measures to be effectively implemented,firstly,enterprises should make it clear that risk management is the responsibility of all employees,and the awareness of foreign exchange risk management needs to be fully popularized within the company,Regularly carry out different stages of training.Secondly,the company needs to introduce and consciously train professional talents,and then establish a sound relevant process to make scientific prediction and research on foreign exchange risks.Carry out various professional training.Finally,in order to ensure the smooth implementation of various measures,the company needs to set assessment and evaluation standards,so that the benefits brought by foreign exchange risk management to the company can be intuitively reflected through data,and invest special funds to improve the level of foreign exchange risk management.According to the research,in order to better reduce the risk of exchange rate fluctuations,for C company,to solve the above problems,it needs to timely adjust and improve the internal countermeasures and systems,enhance the core competitiveness of the enterprise,and improve the risk management level of the enterprise,so as to maintain the healthy and stable development of the enterprise. |
