US Dollar Index has been growing swiftly since July. ANBOUND think tank scholars hold that exchange rate fluctuation will have an increasing impact on China, which is the largest merchandise trade country. The exchange factor has become an important consideration of China in the aspect of participating in global economic competition. Besides increasing proportion of Renminbi trade settlement and promoting Renminbi internationalization, finding a way to use exchange rate derivative, such as exchange rate hedging and exchange rate option, to lock the risk of exchange rate fluctuation has become a major problem facing the Chinese government, enterprises, commercial banks and financial institutions.