A Study On Strategies Of Chinese Import & Export Enterprises To Deal With The Us Dollar Exchange Rate Fluctuations

Since the opening up of the first revaluation in July 2005, to the third time since the revaluation in March 2014, “managed float " and " increase the volatility of the bilateral trade enterprise” policies of the RMB exchange rate mechanism have increasingly become our country foreign exchange market present situation. For domestic import and export companies, it has become a long-term and arduous task about how to adopt the effective exchange rate hedging strategy and stable exchange rate risk management in the enterprise operation profit to meet the demand of its own enterprise actual situation at present.From the perspective of Chinese import and export enterprises, this thesis expounds the background and meaning of the research and summerizes the current domestic and overseas research resulte to exchange rate. According to all data of USD/RMB mid-rate from the first revaluation in July 2005 to the end of 2014, import and export enterprises are studied under the influence of exchange rate volatility. Next in the comparison and analysis of the current domestic main financial derivatives tools, listing some practical cases, the thesis discusses how Chinese import and export enterprises integratedly use the above all kinds of financial derivatives combined with the characteristics of their trade and exchange rate safe-haven currency movements. From the point view of domestic import and export enterprises, it’s the very importance of learning some knowledge of based financial derivatives, drawing lessons from other enterprises who successfully use the exchange rate hedge strategy combining with its own development phase and the actual demand, controlling own cost and benefit, and selecting the most suitable hedging strategy and the kind of financial derivatives, in the current situation of the two-way exchange rate fluctuation trend becoming more and more obvious.Through a combination of theoretical analysis and actual instance, this paper provides some references to import and export enterprises in our country in practice of how to avoid exchange rate risk in the long-term development.We hope it can help for domestic import and export enterprises.