The foreign exchange risk management of electronic components industry - case study

• Main Authors: Chang, Wen-Ching, 張雯菁
• Other Authors: Wang, Sue-Fung
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/05856300527298649582

碩士 === 國立交通大學 === 管理學院管理科學學程 === 101 === Throughout this case study, in order to understand the operating conditions and the demand for foreign exchange management of Company A, also explore how Company A use professional judgment in the change of foreign exchange market, and use of financial instruments to hedge appropriately , also construct a complete and effective strategy. Throughout the past five years operation data and combined financial statements, analysis company A’s application and its hedge results and effectiveness. From the case study, company A adopted a wide range of financial products trading foreign exchange hedging in recent years. From the results of the financial statements, in addition to year end of 2010 the NT dollar appreciate, the rest of the year are positive rewards, on behalf of company A using appropriate hedging strategy to reach the business objectives, and also strengthen the performance of the financial report. Company A cooperate with the changes in foreign currency parts, and use appropriate hedging instruments, it also show that the correct judgment of the movements of exchange rate. The study found that the appropriate hedging strategy in addition to meet the company's risk management needs, but also made a better performance of the financial statements of the company's profit. It all depends on the correct judgment of the company's financial judgment and operating experience.