Foreign Exchange Risk Management Research For Our National Enterprise

Foreign exchange risk is not only part of risk management, but also one of international finance management. It has its own professional contents, patterns, procedures and skills. For some historical reasons, foreign exchange risk is new to our country. Our enterprises know little about foreign exchange risk and pay little attention to it. It is disadvantageous to our country in this fast varying international finance environment. The enterprises will face new risks and problems when exchange rate rule was changed in 2005. They will suffer heavy losses if ignoring it as before. As a result of it, this article believes it is meaningful to pay more intentions to foreign exchange risk management study. The traditional study was about theoretical study and qualitative analysis, which was short of scientific measures and calculations. It means little to enterprise in fact. This article, which consists of qualitative and quantitative analysis, firstly, explains the relative theory about risk management and foreign exchange risk management. And then, make quantitative analysis on foreign exchange risk with modern risk management model, calculate risk and get accurate results. At last, put forward corresponding advice and foreign exchange risk management measures based on it. This article attempts to provide a new study direction for our enterprise, in order to raise enterprise foreign exchange risk management.