As the foreign exchange market fluctuates, Anker takes hedging measures!

The foreign exchange market has recently become more volatile, and the stability of foreign trade has been affected. For cross-border sellers, it is very important to avoid the risks brought by exchange rate fluctuations.

On December 15, Anker Innovations issued an announcement on continuing to carry out foreign exchange hedging business. The announcement shows that the volatility of the foreign exchange market has increased. In order to effectively prevent the uncertain impact of exchange rate fluctuations on its operating performance and improve the efficiency of foreign exchange funds, Anker Innovations and its subsidiaries intend to carry out foreign exchange hedging business with banks and other financial institutions approved by relevant government departments and with relevant business qualifications.

The announcement shows that the total amount of foreign exchange hedging business carried out by Anker this time does not exceed RMB 4 billion (or equivalent foreign currency), including but not limited to forward foreign exchange settlement and sale business, foreign exchange swap business, foreign exchange option business and other foreign exchange derivative business. According to the information, the source of funds for this Anker is its own funds, and does not involve raised funds.

For this foreign exchange hedging business, Anker mainly started from improving relevant internal control systems, deploying professional personnel, adjusting business strategies in real time, and regularly inspecting and reviewing related businesses .

In the announcement, Anker stated that the foreign exchange hedging business carried out by its company is closely related to production and operation. This measure can further enhance the company's ability to cope with foreign exchange fluctuation risks, better avoid and prevent foreign exchange rate fluctuation risks, and enhance financial stability.

The increasing instability of exchange rates has also made foreign trade people feel anxious. According to the latest data, as of 09:36:01 today , the onshore RMB exchange rate was 6.3702. Today's central parity rate was 6.3651, up 52 points. The euro exchange rate was 7.2219 and the pound was 8.5038.

In Europe and the United States, inflation in the United States is still continuing. In the European foreign exchange, the recent fluctuations of the lira are even more worrying. Sometimes it plummets, sometimes it rises, which further aggravates the foreign exchange risk. Coupled with the emergence of the Omicron virus, the current cross-border business risk factor has increased. Enterprises and sellers must prepare for countermeasures.

Foreign Exchange

Anker

Hedging