国际金融管理总结.docVIP

一、名词解释（5个）Transaction exposure交易风险: The degree to which the value of future cash transactions can be affected by exchange rate fluctuations is referred to as transaction exposure. An MNC’s exposure can be measured by estimating the net cash inflows or outflows in each currency and measuring the potential impact of the exposure to those currencies.2Translation exposure换算风险: The exposure of an MNC’s consolidated financial statements to exchange rate fluctuations is known as translation exposure. In particular, subsidiary earnings translated into the reporting currency on the consolidated income