第一节 外汇风险概述（Section 1 Summary of foreign exchange risk）.doc

第一节 外汇风险概述（Section 1 Summary of foreign exchange risk） Section 1 Summary of foreign exchange risk First, the meaning of foreign exchange risk The meaning of foreign exchange risk is divided into broad sense and narrow sense. The broad sense of foreign exchange risk refers to the possibility that an international economic transaction subject to loss or will lose the expected return due to changes in exchange rates and other factors when engaging in foreign exchange related business. The broad sense of foreign exchange risk includes all the risks in the foreign exchange related business, such as exchange rate risk, interest rate risk, policy risk, credit risk, decision-making risk and moral risk, etc.. Narrow sense foreign exchange risk refers to the possibility that an international economic trading entity suffers losses or loses its expected returns when it is engaged in foreign exchange related business. Narrow sense of foreign exchange risk only includes exchange rate risk. The foreign exchange risk referred to in this book is the narrow sense of foreign exchange risk. The general subject of international economic transactions which are engaged in foreign trade, investment and international financial The Mobility Company, enterprise, government or individuals, they in the international scope a receipt and payment of foreign exchange, or holding foreign currency debt, or in foreign currency, indicating the value of the assets or liabilities. Foreign exchange risk will occur at any time due to frequent and volatile exchange rates. Generally speaking, the foreign exchange risk only means the possibility that the trading entity suffers losses, but from the actual end result of the international economic transaction, the risk taker may suffer loss or profit. The amount of foreign currency that is subject to foreign exchange risk is called risk exposure or foreign exchange exposure, that is, the meaning of the exposure of the foreign exchange risk. The risk portion is d