| Summary: | 碩士 === 國立交通大學 === 管理學院財務金融學程 === 104 === Company Y, which was incorporated in 1954, manufactures and sells polyester materials, semifinished products and finished goods such as cotton, synthetic or blended fabrics, towels and bed sheets, and woven and knitted garments; PET (polyethylene terephthalate) bottles and PET sheets; and natural, synthetic or blended yarns and polyester textured yarns. It also does yarn, silk and cloth printing and dyeing as well as manufactures wide-view film, antiglare film, antireflection film and other optical films.
Throughout this case study, in order to understand the operating conditions and the demand for foreign exchange management of company Y, also explore how company Y 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 operation data analysis company Y’s application and its hedge results and effectiveness.
From the case study, Y company adopted a wide range of financial products trading foreign exchange hedging in recent years. From the results of the financial statements, in addition to 2012 the NT dollar appreciate, the rest of the year are positive rewards. Y company foreign exchange loss/gain account for the net benefits and net revenue share is small, do not have a significant impact on the financial statements of the company. Y company cooperate with the changes in foreign currency parts,and use appropriate hedging instruments made a better performance of the financial statements of the company’s profit, it also show that the correct judgment of the movements of the company’s financial judgment exchange rate.
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