公司库 / CASE-EI11-EXPD-FX-2025

Expeditors International of Washington, Inc.：具名材料记录

映射功能货币、外币交易、报表折算和结算管理；不形成证券估值。

编辑 2026-09-21研究截至 2026-09-21

资料期间：2025-01-01/2025-12-31

Agent Markdown ↓

材料身份

公司：Expeditors International of Washington, Inc.。研究截止 2026-09-21；材料期间 2025-01-01/2025-12-31。

采用范围：映射功能货币、外币交易、报表折算和结算管理；不形成证券估值。

原文：Expeditors International 2025 Form 10-K。定位：Item7A；Note1J/K。

原披露字段（百万美元）	值
2025 年外币交易损失	28
2024 年外币交易收益	12
2025 年外币报表折算（税后 OCI）	49
2024 年外币报表折算（税后 OCI）	-41

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这篇词条与哪些内容相连

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逐条查看关系与依据

汇率、跨境经营与国际资金联系— 由实例讲解 →Expeditors International of Washington, Inc.：具名材料记录
有日期的原始公司材料映射，不是公司价值评判
Expeditors International of Washington, Inc.：具名材料记录— 分析对象 →Expeditors International of Washington, Inc.
固定期间的业务/披露对象
Expeditors International of Washington, Inc.：具名材料记录— 依据来源 →Expeditors International 2025 Form 10-K
映射功能货币、外币交易、报表折算和结算管理；不形成证券估值。

← 公司资料与研究

KEEP ASKING

把这一页，变成一堂课。

专属 Prompt 与同源材料会一并复制。Agent 先读取指定文献，再围绕本页的材料、推导和练习展开教学。

# Expeditors International of Washington, Inc.：具名材料记录

映射功能货币、外币交易、报表折算和结算管理；不形成证券估值。

Entry: zh-record-expeditors-20260921 | Node: CASE-EI11-EXPD-FX-2025 | Language: zh | Editorial revision: 2026-09-21
Research cutoff: 2026-09-21 | Data period: 2025-01-01/2025-12-31

## Teaching instructions
先实际读取随包指定原件，核材料期间、对象及定位，再回答这份材料怎样支持相邻教学词条。

Before substantive teaching, actually retrieve every required reading unit for the selected scope. Read its complete designated section, including necessary assumptions, tables and footnotes. A working URL or an editorial access date is not a runtime reading receipt. Record the actual version, location, scope and what it supports. If unavailable, use a previously verified equivalent source; if the required unit remains unavailable, identify that gap rather than teach it from memory. Start runtime_reading_log empty. Once reading is complete, use a substantive diagnostic or follow the reader's request for direct explanation. Advance one complete reasoning task at a time; skip mastered basics. Distinguish original facts, supplied teaching assumptions and inference.

## Required readings and runtime protocol
```json
{
  "export_mode": "public",
  "required_readings": [
    {
      "source_id": "EIDEF-S06",
      "title": "Expeditors International 2025 Form 10-K",
      "authors": [
        "Expeditors International of Washington, Inc."
      ],
      "version": "FY2025; filed 2026-02-25",
      "access": {
        "kind": "site_body",
        "uri": "https://www.sec.gov/Archives/edgar/data/746515/000119312526071569/expd-20251231.htm",
        "verified_access_at": "2026-09-21"
      },
      "required_unit": {
        "locator": "Item7A，SEC印刷pp.41–42；Note1J/1K，F-13–F-14",
        "scope": "所列具名单元全文，包含公式、表头、表注及本篇采用结论所需上下文；不要求无关章节。",
        "purpose": "交易币种、功能货币和报告货币分开；2025交易损失约28m与税后折算约49m不同。假设敏感度不含运输模式变化。"
      },
      "supports": "交易币种、功能货币和报告货币分开；2025交易损失约28m与税后折算约49m不同。假设敏感度不含运输模式变化。",
      "id": "EI-11-READ-2",
      "retrieved_at": "2026-09-21"
    }
  ],
  "optional_readings": [],
  "runtime_reading_log": []
}
```

## Supplied entry
## 材料身份

公司：[Expeditors International of Washington, Inc.](/zh/notebook/expeditors/)。研究截止 2026-09-21；材料期间 2025-01-01/2025-12-31。

采用范围：映射功能货币、外币交易、报表折算和结算管理；不形成证券估值。

原文：[Expeditors International 2025 Form 10-K](https://www.sec.gov/Archives/edgar/data/746515/000119312526071569/expd-20251231.htm)。定位：Item7A；Note1J/K。

| 原披露字段（百万美元） | 值 |
|---|---:|
| 2025 年外币交易损失 | 28 |
| 2024 年外币交易收益 | 12 |
| 2025 年外币报表折算（税后 OCI） | 49 |
| 2024 年外币报表折算（税后 OCI） | -41 |

## 对应带读

[查看本材料的逐项分析](/zh/notebook/exchange-rates-cross-border-business/#ei11-material)。

材料时间固定，后续新报告另建记录。

## Sources
- [Expeditors International 2025 Form 10-K](https://www.sec.gov/Archives/edgar/data/746515/000119312526071569/expd-20251231.htm): 交易币种、功能货币和报告货币分开；2025交易损失约28m与税后折算约49m不同。假设敏感度不含运输模式变化。

## Content relations
```json
[
  {
    "from": "zh-record-expeditors-20260921",
    "relation": "analyzes",
    "to": "zh-company-expeditors",
    "reason": "固定期间的业务/披露对象"
  },
  {
    "from": "zh-record-expeditors-20260921",
    "relation": "supported_by",
    "to": "EIDEF-S06",
    "reason": "映射功能货币、外币交易、报表折算和结算管理；不形成证券估值。",
    "locator": "Item7A；Note1J/K"
  }
]
```

## Related entries

READ TOGETHER

一起读，也一起把问题说清楚。

关于整篇的想法留在这里；某个推导、算例或表格的问题，可以点小节旁的“章说”，在原处展开讨论。

使用 GitHub 账号参与

Terminal price	Payoff	Premium paid	Profit
90	0	8	−8
100	0	8	−8
105	5	8	−3
108	8	8	0
120	20	8	12

对象	期限／时点	币种和权利	抵押或履约安排	先看哪种报价
国库券bill	本例91天，定日到期	美元面值债权	到期按约付面值	每100面值价格、年化贴现率
repo	本例设施为隔夜	先交换现金与证券，约定反向交易

到期价格	到期收益	减去已付权利金	净盈亏
90	0	8	−8
100	0	8	−8
105	5	8	−3
108	8	8	0
120	20	8	12

起点（终点均为 2025-12）	月数	月均收益	样本标准差	损失 VaR95	损失 ES95
1990-01	432	1.3886%	7.2883%	10.68%	16.0582%
2000-01	312	1.0356%	7.5239%	11.62%	17.3815%
2010-01	192	1.7414%	5.7

重抽设计	模拟 SE（百分点/月）	精确条件重抽 SE（百分点/月）	percentile 95% 均值区间（%/月）
iid	0.3529	0.3503	[0.6979, 2.0693]
非循环 MBB，$\ell=3$	0.3565	0.3548	[0.6828, 2.0742]
非循环 MBB，$\ell=6$	0.3699	0.3611	[0.6649,

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