The Floating Of Exchange Rate Has A Greater Impact On The Clothing Industry.

Against the recent RMB against the US dollar

For enterprises, most of them are eager to use RMB settlement from their own interests.

However, due to the fact that the internationalization of the RMB is not enough, it can only bend to foreign currency settlement.

Different companies are in different situations.

"The impact is not large, because the actual exchange rate is not large.

Now the exchange rate is rising or falling, the probability of benefit or damage is almost the same, and the risk is not great.

In the long run, the renminbi will still follow the trend of appreciation. "

Suzhou Xiao Jin, general manager of Dong Jin Garments Co., Ltd. and Dong Rui Textile Co., Ltd., told the China Economic Times reporter.

Sun Min, general manager of Suzhou Wei Lin shelf Manufacturing Co., Ltd., also told the China Economic Times reporter that so far, the impact of exchange rate fluctuations is not obvious, the time is relatively short, the impact of the future should be slowly seen.

Gao Zhenwu, chairman of Guangdong Zhongshan COFCO Foreign Trade Development Co., Ltd., told our reporter that exchange rate movements are a technical operation at the national level, mainly affecting the financial industry, which has no obvious impact on us.

As long as we can get the list, we basically don't pay much attention to the exchange rate factor, and getting the customer order is the most important.

Guangdong Province

The head of a big client center of the China Limited company told reporters that the risk of exchange rate is not the main problem at present, and that the impact of the paction is long.

However, some of the respondents said the impact was obvious.

"Affected, the profit margins have been reduced.

Because there will be time intervals from the next order to the final payment, although the exchange rate changes will occur during the period, but the payment can only be based on the specific exchange rate in a certain period. "

Shen Xuyu, manager of Jiangsu Kunshan Shuo precision mould Co., Ltd., talked to our reporter.

Lv Pengyi, general manager of Kunshan lien Ming Machinery Co., Ltd. (Singapore sole proprietorship), told our reporter that the exchange rate is still good, and the US dollar is basically maintained at 6.2 or 6.3. If we continue to appreciate to 6 in the future, we will be unable to bear this kind of small and medium-sized enterprises.

Although the exchange rate fluctuate greatly, the price can not be changed after placing the order. Even if the exchange rate fluctuated greatly, the foreign investors would not agree.

However, in the long run, the floating rate of exchange rate will be expanded from 0.5% to 1%, and the profit margins of foreign trade enterprises within a few years will be affected by them.

Director of the Guangzhou Ou Jia te Clothing Co., Ltd., Lin Chun hung, told the reporter frankly that the change in the RMB exchange rate had an obvious impact on the enterprises.

Chen Yanhan, general manager of Kunshan Da Chuan Food Manufacturing Co. Ltd. (Singapore sole proprietorship), told this reporter that the fluctuation of foreign exchange rate will certainly have an impact on foreign trade enterprises. Those who specialize in making dollars are more laborious. However, their foreign businesses are mainly in Southeast Asia and Hongkong.

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Simple hedge measures

Although the fluctuation of exchange rate has different effects on various enterprises, most enterprises have adopted simple hedging measures that are suitable for themselves.

"In order to recover the loss of exchange rate, we must adjust the price periodically. In the past, the first price was valid for one year, then reduced to half a year, and now the price is adjusted at most three months.

If some of the items are collected slowly, it will have an impact. "

Lv Pengyi said.

Sun Jian, who regularly adjusts the price to avoid losses, is also setting a price in three months.

In addition to regularly updating the price once every two months, Shen Xuyu has to compensate the foreign businessmen for a specific period of time after floating to a certain proportion.

However, it will not be compensated if the proportion is not met, which makes the profit settled in US dollars affected.

A responsible person who does not want to be named by the big client center of China, Ltd. reveals that there are some professional software that allows you to know the exchange rate changes as soon as possible, so that it can be used as reference for refund and pricing.

You can also sign an agreement with the client to determine how the respective amount of RMB appreciation and depreciation will be settled from pricing to payment.

Chen Yanhan's method is to negotiate a fixed exchange rate first, or at the time of settlement.

But not everyone can bargain with foreign businessmen.

Lin Chun Hung said frankly that foreign exchange agreements cannot be supplemented by exchange rate losses because they are buyers' markets and they are passive.

There is no frequent change in pricing, for fear that foreign investors will not accept it.

"We will use lock prices to lock prices in one quarter or months, and banks have related services."

Zhang Han said.

However, Gao Zhenwu has made it clear that "domestic banks have exchange rate locking operations with foreign countries, but they will charge business expenses. This cost is often less than the losses caused by exchange rate changes, and more than one procedure is relatively cumbersome, so we do not need to."

"Weaving and garment industry can only raise prices because of its small profit margins and the erosion of exchange rate.

Such customers turn to some cheaper areas in Southeast Asia, South Asia and Africa.

Jiangsu Changzhou Foreign Trade Co., Ltd., a person who did not want to be named, told the reporter reluctantly.

Enterprises are more willing to exchange rates relatively stable.

Although foreign currency pactions are mainly used in foreign exchange pactions with foreign businessmen, most business owners expressed their willingness to use Renminbi for our correspondent.

Although there are many European customers, dry canoe is basically focused on the dollar. "If the RMB can be settled, it can avoid some risks, and choose a stable currency, which can also increase speculative profit opportunities.

However, the way to internationalize the RMB is still a long way, and it is difficult to use RMB to calculate and settle it in the near future.

He said.

Sun Min said that Chinese enterprises should take Renminbi as their local currency, and if the renminbi is internationalized, although there may not be any profit advantage, all domestic costs will be settled in Renminbi. Its fluctuation is basically year-on-year, and it will be less risky than using foreign currency settlement, and there will be more channels for comparison and choice.

"If you have a choice, you are more willing to choose RMB settlement, so the rate of payment is fast, which is good for reducing losses.

If the future RMB can be internationalized, the market which is not clear enough abroad can be used as an option.

Hongkong, Southeast Asia and other places are now able to use RMB settlement.

A person in charge of a big client center in China (limited), a person who asked not to be named, said.

Chen Yanhan and Zhang Han also believed that the direct settlement of trade in Southeast Asia would be more convenient.

"RMB internationalization gradually, RMB settlement can make profit locking easier, and facilitate Chinese enterprises to invest overseas.

Foreign currencies need to consider the issue of balanced exchange rate fluctuations, "Gao Zhenwu said.

However, some owners of foreign trade enterprises still worry about the increase of exchange rate.

Shen Xuyu said that once the RMB marketization degree is higher, the exchange rate fluctuation will be greater, and the impact on the small and medium sized foreign trade enterprises may be greater. SMEs still want to be more stable, which is more conducive to their own development, because the profits and foundation are thinner, and they can not afford the bigger ups and downs.

"Foreign trade enterprises still want stability.

As exchange rate floating prices change, or coordinate with customers to supplement the difference between the two sides is very cumbersome.

If the renminbi fluctuated by 2%-3% per day, such as the yen and the euro, it would have a greater impact on enterprises.

Because the profits of Chinese enterprises are thin, the country has a large population, lots of factories, low wage levels, great pressure to survive, and no ability to hedge risks. The profit margins of developed countries are relatively high, and the fundamentals of dealing with exchange rate fluctuations are relatively thick.

Lv Pengyi said.

"The reason why foreign trade settlement is basically used in US dollars and euros is relatively small, one reason is that the euro's floating is relatively large."

A person familiar with the Changzhou Foreign Trade Co., Ltd., who did not want to be named, disclosed.