2010Journal of Guangzhou UniversityRequires access

Foreign exchange risk prevention measures in the financial management of Chinese enterprises

DU Yanju

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Abstract

Due to the growing uncertainty and complexity concerning exchange rate changes,foreign exchange risk prevention and management has become a major problem for modern enterprises to resolve.It's suggested that enterprises attach more importance to reserving and cultivating talents good at foreign exchange management,set up an independent department for foreign exchange risk prevention,formulate foreign exchange risk management policy,establish information system for foreign exchange risk management,and make good use of financial instruments to control various kinds of foreign exchange risk.

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What this paper is about

Due to the growing uncertainty and complexity concerning exchange rate changes,foreign exchange risk prevention and management has become a major problem for modern enterprises to resolve.It's suggested that enterprises attach more importance to reserving and cultivating talents good at foreign exchange management,set up an independent department for foreign exchange risk prevention,formulate foreign exchange risk management policy,establish information system for foreign exchange risk management,and make good use of financial instruments to control various kinds of foreign exchange risk.

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Available abstract

Due to the growing uncertainty and complexity concerning exchange rate changes,foreign exchange risk prevention and management has become a major problem for modern enterprises to resolve.It's suggested that enterprises attach more importance to reserving and cultivating talents good at foreign exchange management,set up an independent department for foreign exchange risk prevention,formulate foreign exchange risk management policy,establish information system for foreign exchange risk management,and make good use of financial instruments to control various kinds of foreign exchange risk.

Key concepts: Foreign exchange risk, Foreign exchange, Business, Risk management, Risk prevention, Control (management), Exchange rate, Foreign exchange market

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