How can manufacturing enterprises prevent exchange rate risks caused by RMB appreciation?

Currency hedging, or holding multiple currencies, generally means that the company has half RMB and half USD.

The key is to see which part of the earth the manufacturing company's production capacity is exported to, and which currency is used for ** settlement. At present, for the world, most of them are still settled in US dollars, after all, the world is still an era when the super power of the United States is attached to the hegemony of the US dollar. The second is the euro of the European Union, and the RMB is gradually expanding its influence and influence in the world, consumption settlement and other areas.

However, this depends on the overall strength of a country or a regional alliance.

Foreign-related enterprises have assets denominated in multiple currencies (such as US dollars, euros, and RMB), or cash flow accounts, which can be allocated to each other according to a certain proportion according to the changes in the international pattern and the trend of the world economy, so that their corporate assets can be in a balanced state with high risk resistance. At present, in 2015, the US dollar is in a state of preparing to raise interest rates, and the RMB wants to go out through the AIIB's policy intentions, so that the amount of RMB currency issuance and outward circulation will increase, and the exchange rate of the US dollar against the RMB will be relatively expanded, which is still at present. The expansion of the exchange rate and the depreciation of the renminbi are very beneficial to export-oriented manufacturing enterprises according to common sense.

On the contrary, it is more beneficial to import-oriented enterprises.

The exchange rate risk caused by the appreciation of the renminbi can also be prevented by trading forward exchange rates with banks for domestic export-oriented manufacturing industries, but it is necessary to bear certain risks compared with the mutual distribution of various currencies. This risk comes from misjudging the future direction of the exchange rate. Of course, if it is correct, it will bring greater benefits to the business.

It depends on the level of the company's analytics and high-level decision-making departments.

The impact of RMB appreciation on small and medium-sized enterprises can be divided into categories.

One is the enterprise that benefits from the appreciation of the people's currency, and the other is the enterprise that suffers from the appreciation of the RMB. Import-based companies will be affected by the appreciation of the renminbi and increase their earnings because they will have to pay less for goods.

Now small and medium-sized enterprises can hear that the crisis is victory, to maintain the continuation of the original customer orders, especially large customers to maintain good, that is the lifeblood of the company, the second important thing is the collection of money, all the monthly customers Luo Xun Xun listed, one by one to visit, by the way to inspect the monthly customer business, this is very necessary, in fact, every businessman does not want to go bankrupt and run debts, they are also the last resort, so to check the business situation of these customers, your profits are big, If you can't receive money, it's all for nothing!

In the past, how to develop customers, now how to develop more hard, in fact, there are still a lot of factories that place orders, but there are fewer Changbends compared to last year. fighting！

Whether an enterprise can successfully cope with the exchange rate** is determined by the company's operation and management capabilities, technical resources, brand resources and other soft power.

In order to respond to the risk of exchange rate fluctuations, companies need to be proactive. At present, enterprises should strengthen internal management, integrate resources, carry out technological transformation, tap potential, and digest cost growth.

Enterprises should master and be good at using various foreign exchange hedging tools and means as soon as possible, enhance their ability to adapt to exchange rate fluctuations and respond to exchange rate changes, and study various skills to deal with export contracts

As far as the domestic financial industry is concerned, it is necessary to take the opportunity of the reform of the RMB exchange rate to vigorously develop the foreign exchange market and various financial products in the foreign exchange market, innovate various financial derivatives, and provide enterprises with more and better risk management tools.

Now the best way to prevent risks is to use RMB settlement (if foreign customers agree), you can check the relevant policies "People's Bank of China, Ministry of Finance, Ministry of Commerce, General Administration of Customs, State Administration of Taxation and Banking Regulatory Commission Joint Announcement No. 10 of 2009 on Cross-border ** RMB Settlement Pilot Administrative Measures" and "People's Bank of China, Ministry of Finance, Ministry of Commerce, General Administration of Customs, State Administration of Taxation and Banking Regulatory Commission on Expanding Cross-border ** Notice on Issues Concerning the RMB Settlement Pilot Program Yin Fa No. 186 of 2010.

This is a loss that the production company can't avoid, so bear it.

However, on the basis of ensuring the original quality, it can reduce procurement costs, improve backward processes, reduce personnel, and innovate in technology. These aspects will reduce the loss.

If the best efforts have been made in these aspects, the effect is still not satisfactory, and the customer can only ask for a price increase. After all, you can't do it, and other domestic companies can't do it either.

1. Investing in foreign exchange assets is a diversified choice for us to manage wealth, and the existing fixed income and equivalent cash investment products and channels are enough for us to obtain income equivalent to the average interest level, so the main asset allocation of overseas investment products should be equity assets.

2. The main pressure of RMB appreciation comes from the United States, China's largest surplus country, so overseas investment and wealth management products should mainly invest in products that can generate non-US dollar cash flow income such as euros and pounds.

Although banks have launched a variety of foreign exchange investment and wealth management products, such as foreign exchange structured deposits, most people still feel that participating in foreign currency savings is the safest way to invest and manage their finances. However, there are also tips for participating in foreign currency savings.

Tip 1: You need to choose the savings period carefully, the foreign currency savings interest rate is generally affected by the international financial market, its stability is very poor, and the interest rate changes frequently, and it rises and falls. In contrast, if the interest rate is relatively stable and high, choose a fixed foreign currency savings with a longer tenor, such as 1-year and 2-year foreign currency savings.

Tip 2: Agree with the bank to automatically roll over, with this agreement, foreign currency depositors will not lose the interest that should not be lost even if they forget to transfer their fixed foreign currency savings for a while.

Tip 3: Learn"The rate is more than three"Due to the adjustment of the interest rate on short-term foreign currency fixed deposits, banks can make their own adjustments within the prescribed upper limit of the interest rate"The rate is more than three"You may lose money and reduce your interest income.

Tip 4: Make reasonable use of cash and cash accounts"Cash account"There is a certain amount of handling fee to be paid, so foreign currency depositors should not put it"Spot accounts"The money is easily transferred"Cash account", how much cash should be used to withdraw as much cash as you want, so as not to bring unnecessary losses to yourself.