评论
打印
New Words
新单词
challenge v.
引起，要求
eliminate v.
消除，抵消
adverse adj.
不利的
premium n.
保险金
confirmation n.
确认书
Phrases & Expressions
短语
read one's mind
看出某人的心思
sort out
把．．．分类，把．．．整理
more or less
或多或少
run a risk
冒险
lose one's patience
失去耐心
Z:How are you, Mr. Steward? We haven't seen each other for a whole week.
张：您好，斯特沃先生。一周末见了，近来好吧？
S:I'm fine. Yes, time is flying by. How are you, Zhang Jun?
斯：很好,时间过得真快呀！近来你也挺好吧？
Z:Not bad.
张：还行。
S:Really? I'm afraid you have got a lot more questions to challenge me again.
斯：真的吗？恐怕这次你来，又有一大堆问题等着我呢！
S, Z:Ha-ha... (laughing)
斯与张：哈-哈(一起笑起来)
Z:Yes, you are reading my mind. Last time when I went back to my dormitory,
张：是啊，你可真清楚我是怎么想的。上次我回到宿舍，
I made an effort to sort out the information you provided.
把您讲的一大堆内容整理了一下，
I was still a bit confused.
发现还有一些弄不明白。
S:Yes? What exactly bothered you?
斯：是些什么问题呢？
Z:As you said the forward market of foreign exchange is very helpful for companies of foreign trade to avoid possible loss.
张：您说过，期货外汇交易可以使外贸公司避免一些可能的损失。
S:Yes, that's true.
斯：是的。
Z:But, how about... you see...
张：但，是怎样来避免的呢？您想．．．
S:You can give me an example to illustrate your disagreement.
斯：你可以给我一个实例，来讲清楚你的不同意见。
Z:For instance, a German company knows that it will need an amount of US dollars in three weeks to pay for imports of facility from the United States of America.
张：比如说，某一德国公司从美国进口一批设备，需要在三周内用美元支付。
As you said, they can buy the dollars forward to reduce or eliminate the risk of an adverse movement in exchange rates between the Deutsch mark and the US dollar.
您说过，这家公司可以作外汇期货交易购买美元，以降低甚至抵消德国马克与美元之间汇率的不利变化而产生的风险。
But exchange rates are changing.
但是，汇率在不断地波动着。
Maybe, there will be a favorable movement in exchange rates between Deutschmark and the US dollar.
也许，德国马克与美元的汇率有可能产生有利的变化。
Then, why can't the company wait for three weeks to buy the dollars at the spot rate?
那么为何该公司不可以等到三周后再来作即期交易购买美元呢？
S:You are realy smart, Zhang Jun. Let me tell you, that's just the original idea of currency options.
斯：张军，你的分析真是头头是道。我现在告诉你，那只是所谓外汇期权的本来意义，
Z:Currency options? I have never heard of this term. Would you please give me more detailed information about it?
张:外汇期权?这个名词我从未听说过.您能否详细地解释一
S:Sure. What I told you last Saturday is not wrong.
斯：好的。上周我告诉你的那些没错的
But let me give you a wider and more complete picture about foreign exchange.
现在我给你再讲一些外汇交易方面的知识。
More or less, foreign exchange dealing involves a calculated gamble on exchange rates.
外汇交易或多或少有点像对汇率来一次有意的赌博。
Z:Why 'gamble'?
张：为什么您用“赌博”这个词呢？
S:Isn't foreign exchange dealing like a gamble? As you described in your example,
斯：你说，外汇交易像不像赌博？从你举的例子来说，
the German company may get a better exchange rate if it waits for three weeks to buy the dollars at the spot rate.
那个德国公司如果等到三周以后再即期购买美元，汇率有可能对他们有利：
But things will also go against us. Three weeks later, the rate could be worse.
但也可能事与愿违，三周后的汇率也许变得很糟糕。
So anyway, either course of action runs a risk.
因此，不管是前者，还是后者都承担风险。
Z:But what are all these related to currency options?
张：但您以上所说的一切与期权有什么关系呢？
S:Oh, don't lose your patience.Under the currency option,the customer pays a premium to the bank.
斯：你得沉住气呀！想要取得期权，客户得向银行支付一笔保证金。
Z:What advantages concerning foreign exchange can the customer enjoy?
张：那么客户在外汇买卖时享有什么好处呢？
S:After the customer of the bank pays a premium, the bank send out confirmation of the deal.
斯：在客户向银行支付了一笔保险费或保证金以后，银行就出具一份外汇期权交易的确认书。
