Thai Baht will be subject to Floating Rates!
Feng Yu and Soros laughed when they heard about this.
That's right. This method might be able to stop Feng Yu and his men from suppressing Baht. But Bassoon and his men had not considered that even if Feng Yu and his men stop dumping Baht, not many people will buy it, and how can Baht's prices rise?
But by doing this, Thailand's economy will not collapse so soon, and Thailand's property prices will be stabilized.
These two months, Thailand's property prices had fluctuated a lot. It is not as exciting as the stock market and not as high as Thai Baht. But this will affect Thailand's economy the most.
Once the property prices collapse, Thailand will follow Japan's footsteps. All the wealth accumulated over the years will disappear instantly.
"Boss, Thai Baht had started to fall. There are not many people dumping, but there are too many orders. Many of them should be from Thailand's foreign banks." He Zhaoji reported.
"How much do you think Thai Baht will fall today?" Feng Yu laughed and asked.
Yesterday, Thai Baht had been pulled up for the last time to return to 26.4: 1. But after the floating rate system was announced, the Thai Government does not have much money left. That's why they don't care and let the market adjust the Baht.
"Around 10%." He Zhaoji gave a conservative estimate.
"There's no need to be so conservative. How much do you think Baht will fall at most?" Feng Yu is in a good mood and wanted to share his feelings with others.
"At most. I think it will be more than 15%!" He Zhaoji said a figure that even he does not believe.
15%! The exchange rate might be close to 30: 1!
"I think it will reach 30: 1 or even higher." Feng Yu replied confidently.
In Feng Yu's previous life, Baht had fallen by 17% on that day without him. This time, with his participation and more funds from Soros, Thai Baht will fall even more!
He Zhaoji was shocked. Boss thinks Baht will fall to 30: 1?! If Thai Baht can really fall to 30: 1, then they will be able to break even on their Thai Baht contracts. The more Baht falls, the more profits they will make.
In the future, they might be able to make a lot of money every day, and it will depend on when they close their contracts.
"You don't believe me? Never mind. We will only dump our shares today and ignore Thai Baht. You will know if I am right or not tonight! "
The boss's confident eyes couldn't be disbelieved. He Zhaoji had seen the boss's eyes several times. Every time, the boss's predictions would eventually come true.
When he first joined Wind & Rain Consulting, on one hand, Feng Yu's treatment was really good. It was much more stable than when he was his own agent. On the other hand, he wanted to learn from Feng Yu. Initially, he was not particularly convinced by Feng Yu. Feng Yu's age made people look down on him instinctively. But after a few times, he had already submitted to Feng Yu. This was a financial investment genius, a genius, a genius!
Before He Zhaoji could say anything, he saw Fu Guangzheng knocking on the door twice and running in.
Feng Yu stood up immediately. Isn't Fu Guangzheng bringing his parents to Hong Kong? Why is he rushing back?
"Brother Feng, Thai Baht had changed to Floating Rates?" Fu Guangzheng panted and asked.
"What happened to my parents?" Feng Yu asked.
"Uncle and Aunty are fine. They had gone back for a nap. I had heard about the changes to Thai Baht and came over to ask you about it." Fu Guangzheng finally understood why Feng Yu stood up suddenly. He thought Feng Yu was anxious to share the good news with him.
Feng Yu sat down and got a shock.
"That's right. Thai Baht had changed to Floating Rates, and a sudden change in policy will have severe side effects. If Thailand's economy is doing well, it will not be a problem. But now, Thailand's economy is suffering from a huge impact, and their policy change will not be effective. So, don't worry. Next month, Thai Baht will fall to more than 40: 1! "Feng Yu leaned back in his chair.
"How much? 40:1？ Will it fall by so much? How much will we make? "Fu Guangzheng was overjoyed. This is more profitable than he expected.
"We started our portfolio at 25: 1, and after that, we increased our portfolio to an average of 27: 1. The average leverage is 12 times. How much do you think we will make?" Feng Yu purposely asked.
Fu Guangzheng did not tell Fu Guangzheng how much they spent and only gave him some figures.
But Fu Guangzheng did some calculations and said. "That means 1 USD can make more than 150 Baht? That's around 34 USD. How can we make so much profit?! "
Feng Yu knew this idiot was only looking at the profits and did not calculate how much he had invested. Fu Guangzheng has an uncle like Fu Rongqi and is now working for Professor Liang. Why is he still so inexperienced?
"You have not calculated the cost. How much money have we invested, and all our money is from loans. How much is the daily interest? Also, how much will we lose if we dump Thai Baht? Also, have you calculated the interest from the loans? How much will we lose if we dump our constituent shares? Have you calculated the cost? "Feng Yu asked with a smile.
Fu Guangzheng was stunned and asked weakly. "Are we going to invest so much? Then we should still have profits, right? After all, the book value is more than 30 times. "
"If we can reach 40: 1, then our profits will be more than 100% or even 120%. It will depend on the profits from the stock index futures. After all, we are the ones taking the lead in suppressing the index futures."
100%? Doesn't that mean the profits will be doubled? After deducting Feng Yu's 30% commission, the money he invested in this venture had made a lot of money.
When Fu Guangzheng asked his Eldest Uncle to join him, his Eldest Uncle said he wanted stability. If his Eldest Uncle knew about the high profits, he will surely regret!
"What's the Thai Baht exchange rate now?" Fu Guangzheng asked.
Feng Yu looked at the real-time news on his PC. "27.4: 1, and it's still falling."
"From today onwards, will we be making money every day?" Fu Guangzheng was overjoyed.
"How long do you think Thai Baht will fall to 40: 1? It will be around 30: 1 today and tomorrow, but there will surely be a rebound. We don't need to worry about what to do next as Soros will handle it. But we still need to work hard on the stock market. Within a week, we will be entering the Singapore market. "
"Ah? We still have not settled the issues here, and we are going to Singapore? "
"These countries are connected to each other. Just look at the fluctuation of Nanyang's currency exchange rate. If we suppress them, there will be a chain reaction. At that time, we can reap the profits together. "
"Will we be stretching the frontlines too far? Do we have enough funds?"
"Hahaha … don't worry about this. Do you know about the chain reaction? Do you understand the herd effect? When we are suppressing Singapore SGD, we don't need to invest so much. Also, we can cancel some of our contracts earlier, and we can raise funds easily. "
That night, Thai Baht fell to 31.6: 1 and bounced back a little. No one thinks Thai Baht will continue to rise. Thai Baht's decline is irreversible!
… …
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