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GeneralIntroductiontoForeignExchangeRiskConceptofforeignexchangeriskForeignexchangerisk:theriskofsufferinglossesbecauseofadversemovementinexchangerates.Keypoints:①Foreignexchangeriskmaybecausedbytheloss,mayalsobebenefits.②Measureoftheriskofmathematicalstatistics,itiscommonvarianceandstandarddeviation.③Foreignexchangeriskistheriskofachangeincurrencyvalue.④Thepresenceofforeignexchangeriskistosetthevalueofforeigncurrencytransactionsprecondition,andirrespectiveofwhichcurrencyisthecurrencyoftradingpartnersorathirdcountrycurrency.⑤Notdirectlyinvolvedininternationaleconomicactivitiesoftheunitsandindividuals,becauseofitsforeignrelations,relatedtoforeigncurrencyexchangeanduse,therefore,facedwithforeignexchangerisks.ListenReadphoneticallyEuro:1999-1-1ariseEURO1=USD1.132000MinimumEURO1=USD0.782003ChinaalloweduseRMBvalue.Causesfortheforeignexchangerisk1.Ininternationaltrade,paymentforgoodsandservicesusuallyinvolvesthecurrenciesofmorethanonecountry,andtheproblemofwhichcurrencytousecanbecomeaseriousbarriertocompletingadeal.2.Inmostcases,therelativevalueofcurrenciesisconstantlychanging,andsomearequitevolatile.3.Ifthevalueofacurrencychangesbetweenthetimeadealismadeandthetimepaymentismadeitcouldhaveaseriousimpactontheprofitabilityofatransaction.Characteristicsoftheforeignexchangerisk1、Probability：Foreignexchangeriskmayoccurormaynotoccurdoesnothavenecessity.2、Uncertainty.3、Relativity：Causelossestoone，necessarilybringprofitstotheotherone.ThedirectionofexchangeratechangesForeignexchangepositionForeignexchangeratesriseorfallofthecurrencyexchangerateForeignexchangeratesfallorriseofthecurrencyexchangerateCalloptionofforeigncurrencyIncome>ExpenditureOrAssets>LiabilitiesGainLossPutoptionofforeigncurrencyIncome<ExpenditureOrAssets<LiabilitiesLossGainIncome=ExpenditureOrAssets=LiabilitiesNoeffectNoeffectFactorsoftheforeignexchangeriskThreebasicfactors：Currency、ForeignCurrency、Time.Foreignexchangeriskcanbedividedintotimeriskandvaluerisk.1、TimeRisk：Refers
