Mr Li Qiang, Deputy General Manager of the Financial Market Department, Bank of China Macau Branch, spoke at the “Bank of China Financial Workshop: The Strategy for Asset Value Preservation against Exchange Rate Fluctuations” on the afternoon of 21 November 2018. 

  Deputy General Manager Li Qiang started with international hot topics, including the plummeting of Turkish Lira and depreciation of Argentinean Peso to introduce the discussion on the relationship between interest rates and exchange rates.  Losses incurred by fluctuations in exchange rates cannot be offset completely by interest rate adjustments.  Teachers, students and the guest discussed issues including ways to avoid currency mismatch, making payment in soft currencies and receiving payment in hard currencies (strong and weak purchasing power of currencies) etc.  Students were keen to ask questions and actively participated in discussion.  Teachers and students benefited from the workshop as they gained a better understanding of how interest rates could be used to offset fluctuations in exchange rates!