Chapter 925: The Thai Baht Plummets

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Please enter the text Thai baht has implemented a floating exchange rate system!

Feng Yu and Soros both laughed when they got the news.

That's right, for the time being, it seems that this method can curb their suppression, but Basong and the others have never considered that even if Feng Yu and the others stop selling Thai baht crazily, not many people buy Thai baht, how can the price of Thai baht rise.

But in doing so, Thailand's economy will not collapse so quickly, at least Thailand's housing prices will stabilize.

In the past two months, Thailand's housing prices have also fluctuated a lot. It is not as exciting as the stock market, nor is it as big an investment as the Thai baht, but this is what affects the Thai economy the most.

Once housing prices collapse, Thailand will follow in the footsteps of the island countries back then, and the wealth accumulated over the years will evaporate in an instant.

"Boss, the Thai baht has started to fall. There is no large amount of selling, but there are too many selling orders. There should be many Thai foreign banks among them." He Zhaojihui reported.

"How much do you think the Thai baht will drop today?" Feng Yu asked with a smile.

One day yesterday, the Thai baht was raised for the last time and returned to the exchange rate of 26.4:1. However, after the floating exchange rate system was announced today, the Thai government has no money, so it really let it go and let the market adjust itself.

"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 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 30:1!

"I think it can reach the line of thirty, or even exceed it." Feng Yu said firmly.

In the previous life without him, it had fallen by 17% that day. With him joining this time, and Soros having more funds, of course the baht would drop even more!

He Zhaoji was shocked. The boss thought that it could fall to 30:1? ! If this figure is really reached, then the baht contracts they borrowed and sold short may be able to protect their capital. And the more they fall, the more they earn.

Maybe every day in the future, they can make a lot of money,

It just depends on when they are going to deliver.

"You don't believe it? It doesn't matter. We will only sell the stocks today. We don't care about the Thai baht. At night, you will know whether I am right or not!"

The boss's confident eyes cannot be disbelieved. He Zhaoji has seen the boss's eyes like this several times, and each time, the things predicted by the boss have finally come true.

When he joined Fengyu Consulting, on the one hand, the treatment given by Feng Yu was really good, which was much more stable than when he was free as an agent. On the other hand, he also wanted to learn from Feng Yu. At the beginning, he was not particularly convinced by Feng Yu. Feng Yu's age would make people instinctively despise him, but after a few times, he had already surrendered to Feng Yu in his heart. This is a financial investment genius and ghost , Wizards!

Before He Zhaoji could say anything, he saw Fu Guangzheng standing at the door, knocked on the door twice, and then ran in directly.

Feng Yu stood up suddenly, didn't Fu Guangzheng take his parents to play in Xiangjiang, why did he come back in a hurry?

"Brother Feng, has the baht become a floating exchange rate system?" Fu Guangzheng asked out of breath.

"What happened to my parents?" Feng Yu asked at the same time.

"Uncle, aunt, méishì, they went back to take a nap at noon. Didn't I know that the baht has changed, so I came to ask you." Only then did Fu Guangzheng know why Feng Yu stood up suddenly, thinking he was in a hurry to talk to him Good news to share.

Feng Yu just sat down and was startled.

"Yes, the Thai baht has become a floating exchange rate system. A sudden change in policy will inevitably bring about great side effects. If the Thai economy is doing well, then there is no problem. But at this time, the Thai economy is being greatly impacted. Their policy change will not have the desired effect. So don’t worry, next month, the Thai baht will definitely fall to more than 40:1!” Feng Yu said, leaning on his chair.

"How much? 40:1? Will it fall that much? Then how much money can we make?" Fu Guangzheng was overjoyed, it seemed to be more profitable than he imagined.

"We opened positions at 25:1, and then opened some positions one after another. The average is around 27:1, and the average leverage is twelve times. How much do you think we can earn?" Feng Yu asked intentionally.

He didn't say how much money he spent in the follow-up, but only said some statistics, wanting to see Fu Guangzheng's jokes.

Unexpectedly, Fu Guangzheng quickly calculated and said: "That is to say, 1 US dollar can earn more than 150 baht? That is about 34 US dollars. Is there such a high profit?!"

Feng Yu knew that this product only looked at the profit, not counting the initial investment. I really don't know how he is still such a half-baked uncle who has such a good uncle as Fu Rongqi, and now he is hanging out with Professor Liang.

"You didn't count the cost. How much money have we invested, and our money is all borrowed, how much is the daily interest? Also, how much money will we lose by borrowing Thai baht to sell it? And the interest on this part of the loan? Have you calculated it? How much will we lose if we sell the constituent stocks? Have you calculated the cost of this part?" Feng Yu asked back 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 we can achieve a 40:1 exchange rate, then our profit can exceed 100%, or reach 120%. It mainly depends on the profit and loss of the stock index futures side. After all, we are mainly taking the lead in suppressing it here."

hundred percent? Isn't that double the profit? Excluding the high commission of 30% of Feng Yu's net profit, the money he invested is also crazy.

At that time, I told my uncle to let me join in, but my uncle also said to be stable. If the uncle knew that there was such a high profit, 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 had a happy expression on his face.

"How long do you think it will take for the Thai baht to fall to 40:1? 30:1, it will be about the same today and tomorrow, but there will definitely be a certain rebound. We don't need to care about how to operate next, and Soros can handle 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 settled here yet, so you're going to Nanyang?"

"These countries are connected with each other. Just look at the currency exchange rate fluctuations in Nanyang. Suppressing that side will also form a chain reaction. At that time, we can harvest together."

"Will the front line be too long? Do we have enough funds?"

"Hahaha, you don't have to worry about this. Do you know the chain panic? Do you understand the herd effect? ​​When suppressing Nanyang Singapore Dollar, you don't 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 fell to 31.6:1, and then bounced back a little. No one thought that the Thai baht would continue to rise. The decline of the Thai baht was irreversible!

...

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