Avoid Risk &Nbsp; Bank Settlement Business Is Favored By Shoes And Clothing Enterprises.
The RMB exchange rate with the US dollar has entered the "6.2 era", and the fluctuation of the RMB exchange rate has widened, which means that the risk of exchange rate settlement will be greater.
Foreign exchange settlement will be greater and pressure on enterprises.
16, RMB to us dollar
Transaction price
The loosening of the floating range caused the attention of the manager of Yifeng ceramic Jin Shao, "the continued appreciation of the RMB exchange rate has brought enormous pressure to our export oriented enterprises, which is affected by the downturn of the international market under the impact of the financial crisis, and the settlement of foreign exchange settlement pactions and the quotation period can not be less than 3 months. Foreign conditions have already made the loss of heavy losses to many export enterprises in the industry.
This time we relaxed the floating range of bank settlement, which could add to our exchange rate risk.
Jin Shaoyang manager said he was organizing the export business department and the finance department to discuss ways to avoid it.
And for
exchange rate
Risk impact, our city exports the top 50 enterprises hundred China
footwear industry
General manager Guo Xingmei has a personal feeling. "We usually quote on a yearly basis, at least half a year, but in 2011, the appreciation of the RMB against the US dollar is very fast. Taking an order of 1 million dollars, for example, when the US dollar is RMB 1:6.4, it will be 1:6.3 when the US dollar has reached RMB, and the exchange rate loss will reach 100 thousand yuan."
Guo Xingmei said that in the 2011 year, the risk of exchange rate would lose about 4000000 yuan in net profit of the company. She will also pay close attention to the policy of easing the fluctuation of bank settlement.
Enterprises do everything possible to avoid risk banks' foreign exchange value preservation business favored.
The soaring exchange rate has greatly affected the production of export enterprises. Guo Xingmei admitted that since the second half of last year, the production of low end products of safety shoes has almost stopped or eliminated.
"Now, the European Union and other countries impose a 8% tariff on the safety shoes imported from the mainland of China, and the similar products imported from Vietnam and Burma are exempt from customs duties, which gives our manufacturers a deep inferior position.
This forces us to upgrade the low-end products, or else we can't survive.
Product upgrading and internal energy saving can also help companies offset exchange rate risks.
This is also very much the same feeling, as well as the management of Xingang wood industry. Liu manager, who is responsible for export business, said, "the floating rate of the exchange rate has increased, the biggest impact on the product quotation, which is not conducive to the stability of the order, but also compresses the profit margins of the enterprises. The biggest impact is the small and medium enterprises with lower product levels, so the brand enterprises can only develop by upgrading their research and development."
At the same time, many foreign trade enterprises are looking for trade financing and other ways to avoid exchange rate risk.
On the 16 day, the reporter learned from the International Settlement Department of some financial institutions in our city that when the floating rate of RMB settlement was relaxed, the bank's value settlement business was favored.
"At present, the RMB exchange rate is expected to continue to appreciate in general. In the forward settlement business, customers can lock in forward settlement prices at a current exchange rate so as to avoid the risk of exchange rate appreciation.
In addition, it is also possible to choose trade financing methods, use export credit guarantees and other secured loans to cash in forward settlement, and also avoid exchange rate risk in advance.
Now, there are more and more customers who come to consult and deal with them. "
A financial institution official said.
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