Please enter the text The Thai baht has implemented a floating exchange rate system!
Feng Yu and Soros laughed after receiving the news. ＞
Yes, for the time being, it seems that this method can curb their suppression, but Basong and the others have not considered at all that even if Feng Yu and the others stop selling the Thai baht crazily, not many people will buy the Thai baht, so how can the price of the Thai baht be raised.
But doing so will prevent Thailand's economy from collapsing so quickly, and at least Thailand's housing prices will be stable.
In the past two months, Thailand's housing prices have also fluctuated a lot. They are not as exciting as the stock market, and there is not as much investment as the Thai baht, but it is the most affecting Thailand's economy.
Once housing prices collapse, Thailand will follow in the footsteps of the island nation, and the wealth accumulated over the years will evaporate in an instant.
"Boss, the Thai baht has begun to fall. There is no large-scale selling, but there are too many selling orders. There should be many foreign banks in Thailand." He Zhaojihui reported.
"How much do you think the Thai baht will drop today?" Feng Yu asked with a smile.
Yesterday, the Thai baht was pushed up for the last time, returning to the exchange rate of 26.4:1. However, after the floating exchange rate system was announced today, the Thai government did not have much money, so it really let it go and allowed the market to adjust independently.
"About ten percent." He Zhaoji estimated conservatively.
"There's no need to be so conservative. How much do you think it will fall at most?" Feng Yu was in a good mood and couldn't help but want to share his mood at this time with others.
"At most, I think it can exceed 15%!" He Zhaoji said a number that he didn't even believe.
Fifteen percent, the exchange rate may be close to 3o:1!
"I think the line of thirty can be detected, or even passed." Feng Yu said firmly.
Without him in the previous life, the baht fell by 17% that day. With his addition this time, plus Soros's more funds, of course the Thai baht will fall even more!
He Zhaoji was shocked. The boss thought it could fall to 3o:1? ! If this figure is really reached, then the Thai baht contracts they borrowed and sold short will be able to protect their capital. And then the more it falls, the more they make.
Maybe they can make a lot of money every day in the future, it just depends on when they want to deliver.
"You don't believe it? It doesn't matter. We will only sell stocks today and ignore the Thai baht. You will know whether what I said is right or not in the evening!"
The confident look in the boss's eyes was unbelievable. He Zhaoji had seen his boss's look like this several times. Every time, what the boss predicted finally came true.
When he first joined Fengyu Consulting, on the one hand, the treatment given by Feng Yu was really good and much more stable than when he was his own agent. On the other hand, he also wanted to learn from Feng Yu. At first, he was not particularly convinced by Feng Yu. Feng Yu's age would make people instinctively look down upon him. But after a few times, he had already surrendered to Feng Yu in his heart. He was a genius and genius in financial investment. , Wizard!
Before He Zhaoji said anything, he saw Fu Guangzheng standing at the door, knocked twice, and then ran in directly.
Feng Yu stood up suddenly. Wasn't Fu Guangzheng taking his parents to play in Xiangjiang? Why did he suddenly run back in a hurry
"Brother Feng, has the Thai baht changed to a floating exchange rate system?" Fu Guangzheng asked breathlessly.
"What happened to my parents?" Feng Yu asked at the same time.
"Uncle and aunt are okay. They went back to take a nap at noon. Didn't I know that the Thai baht has changed? Come and ask you." Only then did Fu Guangzheng know why Feng Yu stood up suddenly just now. He thought he was in a hurry to follow him. Share the good news.
Feng Yu sat down and was startled.
"Yes, the Thai baht has become a floating exchange rate system. A sudden change in policy will inevitably bring huge side effects. If the Thai economy is really good, then there will be no problem. But at this time, the Thai economy is suffering a huge impact. Their policy change will not have the desired effect. So don’t worry, next month, the Thai baht will definitely fall to more than 4o:1!" Feng Yu said while leaning on his chair.
"How much? 4o:1? Will it fall that much? How much money can we make?" Fu Guangzheng was overjoyed. This seemed to be more profitable than he imagined.
"We opened a position at 25:1, and then we opened some more positions in 6 consecutive months. The average is around 27:1, and the average leverage is twelve times. How much do you think we can make?" Feng Yu asked deliberately.
He didn't say how much money he spent on the follow-up work. He only gave some statistics and wanted to see Fu Guangzheng's jokes.
Unexpectedly, Fu Guangzheng quickly calculated and said: "In other words, one US dollar can earn more than 150 baht? That is about thirty-four US dollars. Is there such a high profit?!"
Feng Yu knew that this product only looked at profits and did not take into account the initial investment. I really don't know why he is still so half-baked when he has an uncle as awesome as Fu Rongqi and now he is hanging out with Professor Liang.
"You didn't calculate the cost. How much money did we invest? And all our money came from loans. How much is the daily interest? Also, how much money will we lose if we borrow Thai baht to sell? And the interest on the loan. Have you calculated it? How much money will we lose by selling the constituent stocks? Have you calculated the cost of this part?" Feng Yu asked with a smile.
Fu Guangzheng was stunned and asked weakly: "Do we have to pay so much cost? Then we should still have profits. After all, the book value is more than 30 times."
"If the exchange rate can reach 4o:1, then our profit can exceed 100%, or reach 120%. It mainly depends on the profit and loss of the stock index futures. After all, we are mainly taking the lead in suppressing it."
hundred percent? Isn’t that a doubled profit? Excluding the high commission of 30% of the net profit given to Feng Yu, the money he invested was also insane.
At that time, I told my uncle that I wanted to join, but he also said that I wanted stability. If the uncle knew that there were such high profits, he would definitely regret it!
"Now, what is the current exchange rate of the Thai baht?" Fu Guangzheng asked.
Feng Yu looked at the real-time news on the computer: "27.4:1, still falling."
"From today on, will we be able to make money every day?" Fu Guangzheng looked happy.
"How long do you think it will take for the Thai baht to fall to 4o:1? 3o:1, it will be about the same today and tomorrow, but there will definitely be a rebound. We don't need to care about how to operate next, Soros can take care of it. But in the stock market, we have to continue to work hard, and within a week, we will move to the Nanyang market."
"Huh? You haven't finished it here yet, why don't you go to Nanyang?"
"These countries are connected to each other. You can see it just by looking at the currency exchange rate fluctuations in Nanyang. Suppressing those countries will also form a chain reaction. When the time comes, we can harvest together."
"Will the front line be extended too long? Do we have enough funds?"
"Hahaha, you don't have to worry about this. Do you know about chain panic? Do you understand the herd effect? When suppressing the Nanyang New Dollar, there is no need to invest so much. And we can deliver part of the contract in advance, and the funds can be easily raised. .”
That night, the Thai baht indeed fell to 31.6:1, and then bounced back a little. No one thought that the Thai baht would continue to rise. The Thai baht's decline was irreversible!
…
Book club groups: 520, 98, 468, welcome to join the group (to be continued.) 8