A position is a market agreement that promises to buy and sell the initial position of a foreign exchange contract. Judging from its English position, it means position. Buying foreign exchange contracts is long and in an expected position; Selling foreign exchange contracts is an empty position and is in the expected position.
Foreign exchange hedging term and forward are two tools, both of which are used to hedge risks. Forward refers to foreign exchange transactions between major customers of financial institutions in accordance with the agreed time, amount and exchange rate. For example, Company A and Company B agree to pay $65,438+0,000 at a price of RMB 8/$ after 65,438+00 days. Futures have an open trading place. For example, Company A expects that 80 million yuan will arrive in the account after 1 month, and is prepared to use this fund to pay for the payment of $0/00000 from Company B, so Company A can buy100000 foreign exchange futures at the price of 8/$. By the delivery date (that is, after 1 month), if the exchange rate becomes 8.3, Company A will make a profit of 3 million (8.3-8)× 1000, plus 80 million cash, which can be converted into 1000. If the exchange rate changes to 7.8, Company A will lose 2 million yuan (7.8-8)× 1000 in the futures market, but the company only needs to exchange 78 million yuan 1000, and the remaining 2 million yuan is only to hedge the loss of 2 million yuan. No matter how the exchange rate changes, Company A always converts RMB 80 million into USD 654.38+million.
/q？ B2 % C3 % B4 % BD % D0 % B6 % E0 % CD % B7 % A3 % AC % CA % B2 % C3 % B4 % BD % D0 % BF % D5 % CD % B7 & amp； CT = 17 & amp； pn = 0 & ampikaslist & amprn= 10