美元避險特性

English translation: the hedging characteristics of the US dollar

07:41 Jun 13, 2020
Chinese to English translations [PRO]
Bus/Financial - Finance (general)
Chinese term or phrase: 美元避險特性
This is about analysing the US dollar. Thank you...
Shirley Lau
Hong Kong
Local time: 04:23
English translation:the hedging characteristics of the US dollar
Explanation:
A currency's "避險特性", or "hedging characteristics", seem to refer to the currency's _suitability_ for use in hedging, i.e., to how well the currency can be used to minimize market risks.

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Note added at 1 day 17 hrs (2020-06-15 01:14:24 GMT) Post-grading
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Looking around online, it appears that "safe haven" is the form used by academics, and "hedging" is the form used by businessmen.


For example, performing the following Google search on the SEC's EDGAR database...

"safe haven characteristics" site:https://www.sec.gov/Archives/edgar/data/

...yields 15 results, while performing the following search...

"hedging characteristics" site:https://www.sec.gov/Archives/edgar/data/

...yields "about 120" results.

However, searching the whole Web with Google produces far more results for "safe haven characteristics" than for "hedging characteristics", though almost all of these results appear to be academic articles.


So, I think it depends on what sort of source the questioner is translating. If it is a company document or business article, then I would suggest my original translation, but if it is an academic article or book, then I would suggest "the safe-haven characteristics of the US dollar" or "the dollar's safe-haven characteristics" (removing the hyphen if the context permits it).
Selected response from:

Mark Pleas
Japan
Local time: 05:23
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1The safe haven nature of the US dollar
jyuan_us
3 +2the hedging characteristics of the US dollar
Mark Pleas
4risk aversion
Chuan Xiao
3The safe harbor characteristics of the U.S. dollar
Kiet Bach
Summary of reference entries provided
避險
Shirley Lao

Discussion entries: 2





  

Answers


34 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
The safe haven nature of the US dollar


Explanation:
The safe haven nature of the US dollar

jyuan_us
United States
Local time: 16:23
Works in field
Native speaker of: Native in ChineseChinese
PRO pts in category: 173
Notes to answerer
Asker: Thanks!


Peer comments on this answer (and responses from the answerer)
agree  William Xie
1 day 15 hrs
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38 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
The safe harbor characteristics of the U.S. dollar


Explanation:
A safe harbor is where ships go when the sea is rough.
People buy U.S. dollars or assets denominated in U.S. dollars when the market or political situation in their countries is rough or unstable.

Kiet Bach
United States
Local time: 13:23
Specializes in field
Native speaker of: Native in ChineseChinese
PRO pts in category: 20
Notes to answerer
Asker: Thanks!

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11 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
risk aversion


Explanation:
the risk-averse nature/feature of the US dollar

Chuan Xiao
Canada
Local time: 13:23
Works in field
Native speaker of: Native in ChineseChinese
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16 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
the hedging characteristics of the US dollar


Explanation:
A currency's "避險特性", or "hedging characteristics", seem to refer to the currency's _suitability_ for use in hedging, i.e., to how well the currency can be used to minimize market risks.

--------------------------------------------------
Note added at 1 day 17 hrs (2020-06-15 01:14:24 GMT) Post-grading
--------------------------------------------------

Looking around online, it appears that "safe haven" is the form used by academics, and "hedging" is the form used by businessmen.


For example, performing the following Google search on the SEC's EDGAR database...

"safe haven characteristics" site:https://www.sec.gov/Archives/edgar/data/

...yields 15 results, while performing the following search...

"hedging characteristics" site:https://www.sec.gov/Archives/edgar/data/

...yields "about 120" results.

However, searching the whole Web with Google produces far more results for "safe haven characteristics" than for "hedging characteristics", though almost all of these results appear to be academic articles.


So, I think it depends on what sort of source the questioner is translating. If it is a company document or business article, then I would suggest my original translation, but if it is an academic article or book, then I would suggest "the safe-haven characteristics of the US dollar" or "the dollar's safe-haven characteristics" (removing the hyphen if the context permits it).


    https://books.google.com/books?id=ymSTT8T42OIC&pg=RA1-PA39#v=onepage&q=%22%E9%81%BF%E9%9A%AA%E7%89%B9%E6%80%A7%22&f=false
    https://www.businesstoday.com.tw/article/category/80401/post/202003200012/%E7%BE%8E%E5%82%B5%E3%80%81%E9%BB%83%E9%87%91%E3%80%81%E6%97%A5%E5
Mark Pleas
Japan
Local time: 05:23
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Thanks!

Peer comments on this answer (and responses from the answerer)
agree  Vladyslav Golovaty
28 mins

agree  Mina Chen
5 hrs

neutral  William Xie: safe haven looks like a better choice of word
1 day 15 hrs
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Reference comments


2 hrs
Reference: 避險

Reference information:
"Safe haven" (避風港) versus "Hedge" (避險)

依據Baur and McDermott(2010)所提出的實證模型,強(弱)避險定義為一個資產與另一個資產或投資組合大致呈現負相關(不相關),強(弱)避風港定義為一個資產在市場極度蕭條時會與市場呈現負相關(不相關)。
https://www.airitilibrary.com/Publication/alDetailedMesh?doc...

According to the definition of Baur and McDermott(2010),
a hedge is a security that is uncorrelated with stocks or bonds ON AVERAGE;
a safe haven is defined as a security that is uncorrelated with stocks and bonds in A MARKET CRASH.

Different economists define "safe haven" and "hedge" differently.

Shirley Lao
Taiwan
Works in field
Native speaker of: Native in ChineseChinese
PRO pts in category: 56
Note to reference poster
Asker: Thanks!

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