Research On Countermeasure Guarding Against The Exchange Rate Risk Of Y Copper Processing Enterprise Facing New Situation

From “being pegged to US dollar” to “a managed floating exchange rate system with reference to a basket of currencies to adjust based on market supply and demand”,RMB exchange rate regime has changed a lot.Along with the revival of China,RMB joined in the world economic activity more and more.After the people's bank of China altered the pricing of RMB exchange rate mechanism on Aug 11 th,2015,the marketization of middle price has improved a lot.And RMB exchange rate began the double-way fluctuation.In the process of the RMB exchange rate marketization,slight fluctuations in the exchange rate will cause great changes in the financial cost of enterprise,especially for the copper processing enterprises mainly imported raw materials in Tongling.These enterprises mainly rely on imports,while the product mainly sells to the domestic market,causing foreign exchange payments deficit,and the financial cost of the impact of exchange rate fluctuations is more significant.How to make these enterprises in the process of RMB exchange rate market avoid exchange rate risk,especially in the new exchange rate environment,is a big problem for copper processing enterprises to explore.This paper takes copper processing enterprises Y as the research object,researching on how Y enterprise could analyze and summarize the experience of coping with exchange rate fluctuation.We also will research on how to improve enterprise exchange rate risk resistance ability,so as to reduce financial costs and make more profit according to own characteristics of Y copper processing enterprises.This article first introduces the survey of Y copper processing enterprise and analyze the change of financial condition including income and cost facing exchange rate fluctuation,and then review the history of RMB exchange rate,and the countermeasure of copper processing enterprises,including financing strategy and investing strategy in recent years to deal with the RMB exchange rate fluctuation.Next,according to the current exchange rate changes in the market situation after 8.11 exchange rate regime reform,proposes a framework of strategy to deal with the exchange rate market of new period,and at last puts forward the conclusion and outlook,providing some reference for imported copper processing enterprises of similar type.