forward exchange

简明释义

期货外汇

英英释义

例句

1.We decided to utilize a forward exchange to hedge against potential losses due to currency fluctuations.

我们决定利用远期外汇对冲因货币波动可能造成的损失。

2.The company entered into a forward exchange contract to lock in the current rate for future transactions.

公司签订了一个远期外汇合同，以锁定未来交易的当前汇率。

3.The bank offered us a favorable forward exchange rate for our upcoming international payments.

银行为我们即将进行的国际支付提供了一个有利的远期外汇汇率。

4.Using a forward exchange can help businesses manage their currency risk effectively.

使用远期外汇可以帮助企业有效管理其货币风险。

5.By locking in a forward exchange rate, we ensured our costs remain stable despite market volatility.

通过锁定远期外汇汇率，我们确保了我们的成本在市场波动中保持稳定。

作文

In the world of finance and international trade, the concept of forward exchange plays a crucial role in managing currency risk. A forward exchange contract is an agreement between two parties to exchange a specified amount of one currency for another at a predetermined rate on a future date. This financial instrument is particularly useful for businesses that operate across borders and need to convert currencies at specific times in the future. By locking in an exchange rate today, they can protect themselves against fluctuations in the foreign exchange market that could adversely affect their profit margins.For example, consider a U.S.-based company that imports goods from Europe. The company knows it will need to pay its European supplier €100,000 in three months. However, the current exchange rate is 1.10 USD/EUR, meaning the company would need $110,000 to make the payment. If the company is concerned that the euro will strengthen against the dollar, making the payment more expensive in the future, it can enter into a forward exchange contract. This contract might allow the company to lock in the current rate of 1.10 USD/EUR for the future payment, ensuring that it will only need to pay $110,000 regardless of how the exchange rate fluctuates in the meantime.The benefits of using forward exchange contracts extend beyond just protecting against unfavorable movements in exchange rates. They also provide companies with greater certainty in budgeting and financial planning. When businesses know exactly how much they will need to spend in their local currency, they can allocate resources more effectively and avoid unexpected costs. This predictability is especially important for companies operating on thin margins or those that are heavily reliant on imports and exports.However, there are also risks associated with forward exchange contracts. If the exchange rate moves in favor of the company after they have locked in a rate, they may miss out on potential savings. For instance, if the euro weakens to 1.05 USD/EUR before the payment is due, the company would still be obligated to pay $110,000, even though it could have paid only $105,000 under the new rate. Therefore, while forward exchange contracts provide a hedge against risk, they can also limit potential gains.Moreover, businesses must consider the credit risk involved in forward exchange contracts. If one party fails to meet their obligations, it can lead to significant financial losses. To mitigate this risk, companies often work with reputable financial institutions that offer these contracts, ensuring they have the necessary safeguards in place.In conclusion, the use of forward exchange contracts is an essential strategy for businesses engaged in international trade. They allow companies to manage currency risk effectively, providing stability and predictability in financial planning. While there are risks and potential downsides, the benefits often outweigh them, making forward exchange a valuable tool in the global marketplace. Understanding how to utilize these contracts can significantly impact a company's bottom line, enabling it to navigate the complexities of foreign exchange with confidence.

在金融和国际贸易的世界中，远期外汇的概念在管理货币风险方面发挥着至关重要的作用。远期外汇合约是两方之间的协议，约定在未来某一特定日期以预定汇率交换一定数量的一种货币。这个金融工具对于跨国经营并需要在未来特定时间兑换货币的企业尤其有用。通过锁定今天的汇率，它们可以保护自己免受外汇市场波动的不利影响，这些波动可能会对其利润率产生不利影响。例如，考虑一家总部位于美国的公司，该公司从欧洲进口商品。该公司知道它将在三个月后需要向其欧洲供应商支付100,000欧元。然而，目前的汇率是1.10美元/欧元，这意味着该公司需要支付110,000美元。如果该公司担心欧元会相对于美元升值，从而使未来的付款变得更加昂贵，它可以签订远期外汇合约。这个合约可能允许公司在未来付款时锁定当前的1.10美元/欧元汇率，确保无论汇率在此期间如何波动，它只需支付110,000美元。使用远期外汇合约的好处不仅限于保护免受不利汇率变动的影响。它们还为公司提供了更大的预算和财务规划的确定性。当企业确切知道它们需要在本国货币中花费多少时，它们可以更有效地分配资源，避免意外成本。这种可预测性对于那些经营薄利或高度依赖进出口的公司尤其重要。然而，远期外汇合约也存在风险。如果在锁定汇率之后，汇率朝着有利于公司的方向移动，它们可能会错失潜在的节省。例如，如果欧元在付款到期前贬值至1.05美元/欧元，该公司仍然必须支付110,000美元，即使它本可以根据新汇率仅支付105,000美元。因此，尽管远期外汇合约提供了对风险的对冲，但它们也可能限制潜在收益。此外，企业还必须考虑与远期外汇合约相关的信用风险。如果一方未能履行其义务，可能会导致重大财务损失。为了降低这种风险，公司通常会与提供这些合约的信誉良好的金融机构合作，确保他们有必要的保障措施。总之，使用远期外汇合约是参与国际贸易的企业的一项重要策略。它们使公司能够有效管理货币风险，为财务规划提供稳定性和可预测性。虽然存在风险和潜在缺点，但其好处往往超过这些，使得远期外汇成为全球市场中一种宝贵的工具。理解如何利用这些合约可以显著影响公司的底线，使其能够自信地应对外汇的复杂性。