The Influence Of Exchange Rate Risk On Baosteel And The Research Of Protection Strategy

In the economic globalization trend has become increasingly apparent in today's world,the exchange rate as an important variable contact countries trade activities,on people's life and economic running play a decisive role.In our country's economic strength rising at the same time,the level of opening to the outside are also gradually improve,the RMB exchange rate movements gained much attention.As of July 1 this year,whether CFETS weeks of RMB exchange rate index fell 0.43% to 94.88,a record low.From December 11 whether CFETS the RMB exchange rate index,the RMB exchange rate index decline has reached 7.82%.On July 4,the other People's Daily overseas edition is that all parties in the future market will experience a period gradually adapt to the yuan's increased volatility.In this macro backdrop,many foreign trade departments in our country are influenced by what,is worth us deep thinking.Therefore,this article choose as the foundation of the national economy and the strategic industry,steel industry,study the influence of the exchange rate change on all aspects of the,has important practical significance.This paper introduces in detail the development of steel industry in our country at present situation,then choose the steel industry import and export trade and domestic demand as a research focus,the full text around the iron and steel industry in our country currency risk impact analysis and prevention strategy is divided into four parts: in the first chapter enumerates the literature at home and abroad a number of core idea of exchange rate risk related content;In the second chapter comprehensively analyzes the exchange rate risk forms and characteristics of the steel industry,and expounds the exchange rate risk to the positive and negative effects of the steel industry;In the third chapter by baosteel enterprise experience exchange rate changes for the real case,Put forward the enterprise in the exchange rate changes would face lower profits,local matching rate reduce,reduced international competitiveness and other practical problems,and delay lead to enterprise in the management of risk,and possible problems for the above,the author put forward the corresponding risk management strategy;Finally,based on the current exchange rate risk prevention of iron and steel industry in our country,in the reserve management scheme and exchange rate risk early warning system,advocates the emerging currency risk management concept,improve the level of scientific research and shorten the production cycle,with good enough with the existing various aspects such as store of value are proposed.