Shuangpai Shoe Firm's long-term trade, sales and exchanges changed to short-term

Recently, the exchange rate of the *** against the U.S. dollar has changed from high to low, making export shoe enterprises, which have long been plagued with appreciation, feel relieved. However, insiders cautioned that in the short term, the exchange rate may be in a platform consolidation period in the next one to two quarters, but it cannot be concluded that the appreciation trend has ended.

Foreign trade shoe companies have pressured or suspended “about 1,800 companies that have started exporting business in Quanzhou. Since most companies use US dollars for settlement, the impact of exchange rate changes will be greater.” Shi Shi’s head of a foreign trade shoe company told reporters that if ***With the appreciation of the US dollar, companies will face exchange rate losses, while depreciation will yield exchange gains. The responsible person calculated an account for the reporter. It takes several months from signing, shipping, and payment to take an order of US$1 million as an example. If the contract is signed, the US dollar exchange rate is 1:6.3. After 2 months, the exchange rate was 1:6.4, a difference of RMB 0.1, and the company could obtain a foreign exchange gain of RMB 100,000.

“From this point of view, the depreciation of *** is a good thing for exporters.” However, according to report, due to the fact that the exchange rate of *** against the U.S. dollar has been in a state of appreciation until the recent devaluation, most companies As of yet, they haven't benefited from it, but they said "you can take a little breath on the exchange rate."

The long-term settlement of the sale and exchange of short-term changes in the normal short-term *** weakened, which made a lot of companies that had previously made ** forward settlement contracts, locked in the price of ***, shouted “mishap”: the US dollar such a rise, before doing The foreign exchange gains that the exchange-rate-locked companies should have had slipped away. However, relevant experts have warned that there are often hidden risks behind high-income companies, and companies should not unilaterally pursue exchange gains. The forward settlement emphasizes the preservation of value. As long as the price is locked, the rise and fall of ** will have no relation with the company. Enterprises can still obtain enough profits by measuring costs, and they can balance their budgets.

"Most of the previous years were for one-year settlement and sale of foreign exchange. Now that the trend of the dollar is uncertain, it is likely to appreciate next year. Therefore, many companies may choose to adjust their business cycle in order to gain profit." An insider of a joint-stock bank expects As a result, forward settlement business will increase within 3 months.

*** Settlement response to two-way fluctuations Although the short-term depreciation pressure is still high, but economists believe that as the process of promoting the internationalization of *** is a constant trend, no one wants to keep holding the weak currency. A relatively stable and strong currency can promote the pace of internationalization. Therefore, it is impossible for the currency to depreciate in the long term. Next year due to greater uncertainty, volatility will increase. Therefore, the future trend of *** will continue in the direction of “bidirectional fluctuations” and “increase in elasticity”.

"Two-way fluctuations in exchange rates, SMEs will be difficult to grasp." The aforementioned head of foreign trade shoe company told reporters that the most embarrassing thing is, do not know how to quote. He explained that if there is a unilateral appreciation, the company still has the expectation that it can guarantee that the quotation will be valid for one month, but the two-way fluctuations will be somewhat uncertain. In this regard, experts said that in the face of two-way exchange rate fluctuations, enterprises in addition to actively using exchange rate hedging tools, the most direct way is to try to fight with *** settlement. In this way, you do not have to worry about exchange rate changes.