Does currency hedging eliminate exchange rate risk completely?

No. Currency hedging does not eliminate all exchange rate risk, and gains or losses may remain depending on the hedge ratio and market conditions.

When recommending overseas asset funds, sellers are required to explain whether the fund is hedged, the target hedge ratio, the currencies covered and the main hedging instruments, so be sure to check these. If you hedge on your own, you may incur losses if you do not adjust the hedge ratio in a timely manner.