The Appreciation Of The RMB Against The Background Of The Foreign Exchange Rate Risk On Export-oriented Enterprises

July21,2005, People's Bank of China announced:begin the implementation of our country based on market supply and demand with reference to a basket of currencies, there is a managed floating exchange rate system。.RMB exchange rate is no longer pegged to a single dollar, while the formation of a more flexible RMB exchange rate mechanism.2 Percent revaluation of the RMB, the U.S.dollar against the RMB trading prices one U.S, dollars adjusted to 8.11 RMB。So far, appreciation of the RMB rate has reached as much as 15.7 percent.In the RMB exchange rate reform before the Past 11 years, RMB exchange rate is pegged to a single dollar. The RMB against the U.S. dollar on the exchange rate by devaluing our currency for the over all trend. Therefore the academic and corporate studies have mainly focused on how to avoid the devaluation of the RMB exchange rate risk brought about. Therefore, in view of the actual situation, the academic, business and related research institutions will focus on how to deal with the devaluation of the RMB exchange rate risks arising from, this also happened when the RMB to appreciate cause change, most companies lack of response to bear the loss。The authors survey, visit some of the foreign trade export enterprises found that some enterprises are already beginning to adapt to changes in the revaluation of the RMB, on its own initiative, use various means to avoid risks. However, there are many enterprises, particularly small and medium-sized enterprises still have no attention to foreign exchange risk; despite heavy losses, but there is nothing in the face of loss of business, with a smattering of enterprises. So this article will focus on the exchange rate of RMB appreciation of risk prevention.This article from the reality of the situation discussed at present, China's foreign trade enterprises and foreign exchange risk management situation and problems, through the analysis of the causes and the appreciation of the RMB against the impact of export enterprises, the enterprises are to maximize avoid interference caused by exchange rate fluctuations, and the negative impact of exchange rate reduced to a minimum, you must follow the cost benefits and flexibility of principle, and according to their size, the stages of development and managerial risk preference, to select the current hedge exchange rate risk can use various methods to develop procedures for the exchange rate risk management, supplemented by real case illustrates the specific actions and results.