被美元理财“背刺”了！汇率风险是如何“吃掉”高收益的？

Core Insights - The article discusses the impact of the depreciation of the US dollar against the Chinese yuan on investors who have engaged in dollar-denominated financial products, highlighting significant losses due to currency fluctuations [1][2]. Currency Exchange Impact - The exchange rate of USD to CNY has dropped from 7.3 at the beginning of the year to 7.1219 by October 24, resulting in a 2.44% loss purely from currency fluctuations [2]. - An example investor who exchanged 730,000 CNY for 100,000 USD in January and invested in a fixed-income product faced a loss of over 5,000 USD by October 22, considering the exchange rate at that time [2][5]. Investment Product Performance - As of the end of September, 22 dollar-denominated financial products had yields below 2.5%, indicating that many investors are struggling with losses or are on the verge of losing money [5]. - In contrast, another investor who purchased US Treasury bonds with a 3.5% coupon rate saw a total return exceeding 5.1%, benefiting from both interest income and capital appreciation [6][7]. Risk of Currency Fluctuations - The article emphasizes the importance of considering currency exchange risks when investing in foreign-denominated assets, as potential high returns can be eroded by unfavorable currency movements [9]. - For investors looking to mitigate currency risk, options such as QDII funds that are denominated in CNY are available, although they may offer lower yields due to hedging costs [9].