虽然我知道选B，但是我感觉A也可以

NO.PZ2018111501000015 问题如下 Raymon a US analyst, is managing a funwith EUR-nominateassets. The assets are currently heea EUR 500,000 forwarcontract. The maturity of the forward is Mar1, this three-months awfrom toy. e to the market contion changes, the assets have increaseEUR 20,000. Assume the USEUR spot rate is 1.1338, to rebalanthe USEUR hee, Raymonshoul sell EUR 20,000 spot sell a EUR 20,000 three-month forward sell a US22,676 three-month forwar B is correct. 考点Tools of CurrenManagement: Forwar 解析动态对冲，在建立对冲机制后，会定期调整对冲比例，实现更好的对冲效果。方法之一是应当针对增值部分签订三个月的远期合约，所以A错B正确。本币是US外币是EUR，因此担心外币EUR贬值，需要short forwaron EUR。现在资产规模增加了20,000欧元，因此需要针对增加的20,000欧元头寸再次签订short forwar寸，这种方法投资者手上会同时持有多份合约。C错误，如果是forwaron US应该是 long a US22,676 three-month forwar此处头寸方向错了。 担心外币贬值的时候，就是short forwaron /FC；或者long forwaron FC/。因为担心外币贬值，就相当于担心本币升值。long, short position 不是基于base currency么？A/B B是base currency, 那担心外币贬值，不是应该long FC么？还是这里就是何老师说的资产已经持有F现货头寸贬值，但是通过衍生品头寸获利，从而对冲？是用衍生品Hee的时候用反向？用衍生品调仓的时候用同向吗？

NO.PZ2018111501000015 问题如下 Raymon a US analyst, is managing a funwith EUR-nominateassets. The assets are currently heea EUR 500,000 forwarcontract. The maturity of the forward is Mar1, this three-months awfrom toy. e to the market contion changes, the assets have increaseEUR 20,000. Assume the USEUR spot rate is 1.1338, to rebalanthe USEUR hee, Raymonshoul sell EUR 20,000 spot sell a EUR 20,000 three-month forward sell a US22,676 three-month forwar B is correct. 考点Tools of CurrenManagement: Forwar 解析动态对冲，在建立对冲机制后，会定期调整对冲比例，实现更好的对冲效果。方法之一是应当针对增值部分签订三个月的远期合约，所以A错B正确。本币是US外币是EUR，因此担心外币EUR贬值，需要short forwaron EUR。现在资产规模增加了20,000欧元，因此需要针对增加的20,000欧元头寸再次签订short forwar寸，这种方法投资者手上会同时持有多份合约。C错误，如果是forwaron US应该是 long a US22,676 three-month forwar此处头寸方向错了。 如题

NO.PZ2018111501000015 问题如下 Raymon a US analyst, is managing a funwith EUR-nominateassets. The assets are currently heea EUR 500,000 forwarcontract. The maturity of the forward is Mar1, this three-months awfrom toy. e to the market contion changes, the assets have increaseEUR 20,000. Assume the USEUR spot rate is 1.1338, to rebalanthe USEUR hee, Raymonshoul sell EUR 20,000 spot sell a EUR 20,000 three-month forward sell a US22,676 three-month forwar B is correct. 考点Tools of CurrenManagement: Forwar 解析动态对冲，在建立对冲机制后，会定期调整对冲比例，实现更好的对冲效果。方法之一是应当针对增值部分签订三个月的远期合约，所以A错B正确。本币是US外币是EUR，因此担心外币EUR贬值，需要short forwaron EUR。现在资产规模增加了20,000欧元，因此需要针对增加的20,000欧元头寸再次签订short forwar寸，这种方法投资者手上会同时持有多份合约。C错误，如果是forwaron US应该是 long a US22,676 three-month forwar此处头寸方向错了。 老师请问这题不需要用mark-to-market来解决吗？如果需要，可以画图一下吗？根据C的，如果是forwaron US应该是 long a US22,676 three-month forwar此处头寸方向错了。是不是以后遇到这种题目，/FC，因为担心外币贬值,都是short forwarFlong forwaron ?

NO.PZ2018111501000015问题如下 Raymon a US analyst, is managing a funwith EUR-nominateassets. The assets are currently heea EUR 500,000 forwarcontract. The maturity of the forward is Mar1, this three-months awfrom toy. e to the market contion changes, the assets have increaseEUR 20,000. Assume the USEUR spot rate is 1.1338, to rebalanthe USEUR hee, Raymonshoul sell EUR 20,000 spot sell a EUR 20,000 three-month forward sell a US22,676 three-month forwar B is correct. 考点Tools of CurrenManagement: Forwar 解析动态对冲，在建立对冲机制后，会定期调整对冲比例，实现更好的对冲效果。方法之一是应当针对增值部分签订三个月的远期合约，所以A错B正确。本币是US外币是EUR，因此担心外币EUR贬值，需要short forwaron EUR。现在资产规模增加了20,000欧元，因此需要针对增加的20,000欧元头寸再次签订short forwar寸，这种方法投资者手上会同时持有多份合约。C错误，如果是forwaron US应该是 long a US22,676 three-month forwar此处头寸方向错了。 看了前面同学的提问，助教说已经修改了，但我怎么觉得C如果要long US不能用spot rate来算？难道不应该用三个月后到期的forwarrate来计算US规模吗？