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You can only put it on first, "said Mr. Wang, the boss of a small foreign trade enterprise who exported raw materials for export. He still has hope for the rebounding of the dollar and is still entangled.
According to the traditional practice, Mr. Wang failed to collect all the money that he collected in the second half of last year, but put a lot of dollars around 6.8-6.9. The exchange rate fluctuation in recent months has reduced his profit last year by nearly half. And he has not yet planned to hedge against derivatives.
The rapid appreciation of the RMB against the dollar in January this year was 3.5%, more than half of the annual increase of 6.72% in the last year, and the largest single month increase since the 1994 exchange rate. This wave of RMB "super market" for many China meager profits of foreign trade enterprises, like life and death exams, especially some chihui to knot export enterprises.
"If enterprises haven't hedging, they will die very badly. It's not because of the magnitude of appreciation, but the rise is really too fast. We need to consider whether there will be another remittance." A Chinese trader said so.
Many traders also said that after breaking up 6.30, customers' settlement loss increased significantly, and the pace of settlement also accelerated significantly. The expectation of RMB exchange rate depreciation basically shifted, but there was still a lot of foreign exchange left by enterprises.
This may be the helpless situation of China's small and medium-sized foreign trade enterprises. Although regulators have repeatedly reminded enterprises not to bet on the rise and fall of RMB, risk neutrality awareness and sound exchange rate risk management should be set up, but many companies are still running naked.

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