The Research On Foreign Exchange Risk Management Of Company A Under The Background Of The RMB Being Included In The SDR

The RMB was included in the SDR(Special Drawing Right)basket in November 30,2015,marking the internationalization of the RMB into a new stage.The two-way fluctuations in the RMB exchange rate will be further exacerbated in the future,and enterprises will face greater foreign exchange risk.The reform of the RMB exchange rate will push the foreign trade enterprises to the cusp,and the fluctuations of exchange rate will directly affect the actual benefits of foreign trade enterprises.The annual export trade of Company A is 1.2 billion dollars,accounting for 40%of the company’s total sales,the fluctuation of the RMB exchange rate will bring a great impact on the company’s business.Therefore,strenthening the management of foreign exchange risk by combining with the actual operation of Company A is very important for reducing the company’s foreign exchange loss.This article comprehensively introduces the relevant knowledge on foreign exchange risk management,which provides a theoretical basis for the study of it.This article studies the impact of foreign exchange risk on the finance of enterprise from various aspects of corporate finance strategy,budget,financing,investment,operation,tax planning and profit evaluation.It analyzes the impact of the RMB being included in SDR on the company.And then,through the analysis of the current foreign exchange risk management situation of Company A,it is found that the awareness of foreign exchange risk management of the company is weak,and it did not establish a set of complete foreign exchange risk management organization systems,from the department set to foreign exchange risk management professionals.In addition,the company is mainly dominated by endogenous hedging means,the hedging method of which is relatively single.In the choice of derivative financial tools,it mainly uses the forward foreign exchange settlement,which obviously has been unable to adapt to the specific foreign exchange environment of the RMB being included in SDR.The company is short of an effective evaluation and supervision mechanism to estimate whether the foreign exchange risk management measures can be effectively implemented.In view of these problems,this article puts forward some suggestions on improving the foreign exchange risk management of Company A.In the context of the RMB being included in SDR and the fluctuation of the exchange rate,the enterprises should enhance the awareness of foreign exchange risk management and establish the correct hedging motivation,and establish a set of complete foreign exchange risk management organization system and adopt various hedging measures to avoid foreign exchange risk,and finally the company should establish and improve the foreign exchange risk management supervision and evaluation mechanism to ensure the effective implementation of foreign exchange risk management measures.This article studies the foreign exchange risk management problem of Company A from the specific foreign exchange environment of the RMB being included in SDR,which has certain reference value for Company A and other enterprises.