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外汇风险是指由于汇率的变化而导致企业的盈利能力、现金流量和市场价值发生变化的可能性。外汇风险的结果是不确定的,既有可能使企业蒙受损失,也有可能使企业由此获益,其最终结果视企业的净外汇资产和汇率变动方向而定。 一、外汇风险的种类 根据外汇风险产生的原因,人们通常将外汇风险分为经济风险(Economic Exposure)、交易风险(Transaction Exposure)、折算风险(Accounting Exposure)。 1.外汇经济风险 又称为经营风险(Operating Exposure),是指未预期的汇率变化对以本国货币表示的企业未来的现金流量的现值产生的直接影响,以及对整个企业
Foreign exchange risk refers to the possibility of changes in the profitability, cash flow and market value of an enterprise due to changes in exchange rates. The result of foreign exchange risk is uncertain. It may not only make the enterprise suffer losses, but also benefit the enterprise. The final result depends on the net foreign exchange assets and the direction of the exchange rate changes. First, the types of foreign exchange risk According to the reasons for the foreign exchange risk, people usually divided the foreign exchange risk into Economic Exposure, Transaction Exposure and Accounting Exposure. 1. Foreign exchange economic risk, also known as Operating Exposure, refers to the direct impact of unexpected exchange rate changes on the present value of the future cash flows of an enterprise in its own currency, as well as on the entire enterprise