The Depreciation Of The RMB Has Led Some Foreign Trade Enterprises Into A "Confused" Period.

Since p a href= "http://www.91se91.com/news/index_c.asp" > /a >, the RMB has been in a unilateral appreciation channel. Now, the bilateral fluctuation has started. Many foreign trade enterprises can not see clearly when the depreciation of the RMB will last until when will it revalue again? In the era of floating exchange rate, for enterprises, the long-term sale and sale tools used by the customary will be discounted, so how can enterprises avoid risks? < /p > A

< p > < strong > exchange rate bilateral fluctuations, how should enterprises quote? < /strong > /p >

The exchange rate of RMB P has always been an issue of great concern to foreign trade enterprises. Now that the exchange rate has entered a floating era, many foreign trade enterprises have suddenly become a bit out of tune.

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< p > reporter has learned that compared with the last year's "a href=" http://www.91se91.com/news/index_c.asp "RMB > /a" appreciation period, the foreign trade enterprises will take the European and American orders according to the current exchange rate, and the change of the currency value can directly bring about the profit growth of 1%-2% for the export enterprises.

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< p > industry insiders say, do not belittle the profit growth of 1%-2%, which is the most influential labor intensive export enterprise such as textile, clothing, leather shoes and other labor intensive export enterprises. Before the profit is thin, the profits of some enterprises are already low to the critical point. If the people's currency continues to appreciate, many small businesses will fall down.

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< p > it is understood that at present, China's shoes and clothing and other labor-intensive foreign trade enterprises, its profit is generally around 5%, after the depreciation of the exchange rate, it means that enterprises make money directly.

However, after the sudden additional benefits, some export enterprises are hesitant about the offer of new orders.

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"P," said Hugo, a foreign trade manager in Dongguan, "a href=" http://www.91se91.com/news/index_c.asp "clothing enterprise < /a >," I don't think this kind of benefit will last for too long.

In the past, the appreciation of the renminbi can be said to have a regular pattern. When we quoted prices to foreign customers, we could always predict the exchange rate trend in the future in a more accurate way.

For example, when the exchange rate quoted is 6.1, then we will convert it into US dollar at 6 exchange rate and then report it to the customer.

Now that the renminbi fluctuates, the offer becomes painful.

If you still quote according to the previous method, the customer will not agree.

Moreover, now that the market competition is so fierce, how can you quote according to the low exchange rate, competitors may quote according to the high exchange rate, so the price difference will be bigger. In the international market with extremely pparent price, you will easily lose competitiveness, and the old customers may be poached away by others.

So now we are very difficult to quote, and we still haven't thought of a good solution.

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< p > strong > what kind of exchange rate tool should enterprises use to avoid risks? < /strong > < /p >

< p > Alice indicates that the depreciation of exchange rate is good for export enterprises, but she believes that a stable exchange rate is even more important.

For example, in the period of RMB appreciation, many enterprises will adopt long-term means of settlement and sale to avoid risks and lock in the annual exchange rate.

"Now, we don't know what kind of hedging tools to avoid risks."

She said.

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< p > for this reason, some experts said that before the RMB exchange rate was mostly expected to rise in the unilateral appreciation, the strategy of import and export enterprises was very simple. For example, importing enterprises would delay the time of foreign exchange purchase as long as the US dollar would be cheaper than the renminbi.

But this situation may not exist in the future. In order to reduce the risks brought by exchange rate fluctuations, foreign trade enterprises need to lock in exchange rate risk through some foreign exchange derivatives.

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< p > the expert pointed out that the demand for foreign exchange derivatives of domestic and foreign trade enterprises should start with relatively simple varieties, such as forward settlement and sale, foreign exchange swap, foreign exchange options, and more complex varieties, which requires a long-term process.

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< p > "in the long run, with the realization of the two-way fluctuation of RMB, more and more foreign trade enterprises will participate in foreign exchange derivatives trading, but the short-term changes should not be too obvious."

He said.

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< p > > strong > RMB exchange rate how to go in the future? < /strong > /p >

< p > yesterday, the Ministry of Commerce held a regular press conference to announce the business operation of China in 1-2 this year.

Shen Danyang, spokesman of the Ministry of Commerce, said at a press conference that we should take a more rational view of the exchange rate issue and not over interpret it.

Because now there are various interpretations, some of which are obviously conjecture or excessive.

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< p > Hugo net learned that in March 15th, the people's Bank of China decided to double the floating rate of RMB exchange rate from 1% to 2%.

After two years, the floating rate of RMB exchange rate has expanded again.

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< p > Shen Danyang said that the recent fluctuation of the RMB exchange rate has more reflected the result of the market. Compared with the surrounding and some emerging market countries, the fluctuation of the RMB exchange rate is still within the normal range. With the deepening of the reform of the RMB exchange rate formation mechanism, the two-way fluctuation of the exchange rate will become the norm.

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< p > Shen Danyang said that it is very important to keep the relevant policy environment stable and predictable. As a competent commercial department, we will continue to actively cooperate with relevant departments to further improve the RMB exchange rate formation mechanism, and strive to maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.

At the same time, we should speed up fostering new advantages in international competition, actively expand the use of RMB in the field of foreign trade and economic cooperation, and help enterprises avoid exchange rate risks.

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