Chapter 113: The Thai baht depreciates rapidly
July 1, 9 am.
Wall Street, Dafeng Capital Investment Corporation.
"Are everyone here?"
In the meeting room of Gale Capital, Zhu Ke sits first, looking around at the crowd.
"Boss, there are 23 employees in the finance department of Dafeng Capital, all of whom are now in place."
The man who spoke was named Henry Juggenberg. He is 45 years old and is a Jewish descent with 20 years of experience in the international financial industry. He is a senior investment manager and currently serves as the president of Dafeng Capital.
Gale Capital?
Yes, it is also a company under the name of Zhu Ke!
In the United States, especially Wall Street, there are so many investment companies like stars. As for obtaining a financial industry license, only money can make several in a day. Therefore, it is very easy for Zhu Ke to obtain a company with a financial license.
After spending more than one million US dollars, Zhu Ke became the boss of Gale Capital.
Moreover, this incident happened three months ago. Knowing about the Asian financial crisis, Zhu Ke was of course very concerned, so he arranged early admission.
"Henry, now you tell me, how much foreign currency do we have as of now?"
Zhu Ke said solemnly.
Upon hearing this, Henry Jugenberg said in a deep voice: "Boss, so far, we have raised a total of 2 million US dollars worth of Thai baht, 800,000 US dollars of Singapore dollars, 700,000 US dollars of Indonesian rupiah, and 1.5 million US dollars of Japanese yen. , 900,000 U.S. dollars in South Korean Won, and more than 3 million U.S. dollars worth of small currency currencies of Southeast Asian countries and regions. The foreign exchange currency they have is more than 8.9 million U.S. dollars.
Zuke nodded.
At the same time, I also thought about it in my heart.
For this Asian financial crisis, Zhu Ke has prepared a total of 20 million U.S. dollars in funds, and has now exchanged 8.9 million U.S. dollars, and there is a reserved capital of 11.1 million U.S. dollars.
Of course, Zhu Ke also prepared a large amount of deposit in advance, otherwise the bank will not provide you with leverage at all.
"Enough!" Zhu Ke said solemnly.
Is enough?
of course is enough!
Actually, it's not that Zhu Ke can't invest more money. It is completely possible to spend 50 million US dollars or even 80 million US dollars at a time, but Zhu Ke dare not do it!
The risk of foreign currency speculation is too great!
The financial market is fast-changing and uncanny.
Even if you are a traverser, familiar with the process of the entire Asian financial crisis, you can be accurate to 0.1 decimal point, but those financial predators who carry billions of capital are not fools! Quietly on the contrary, they are shrewd. With their skills, they can quickly discover market changes and make hundreds of plan adjustments in a very short period of time, which can easily wash out your funds!
Therefore, even if Zhuke prepares hundreds of millions of dollars in capital, it is actually useless, but even more dangerous!
Moreover, your capital is too large, but it is easier to attract the attention of many international foreign currency buyers, and the result will be counterproductive.
It's impossible for Zhu Ke not to act cautiously!
"Now, I announce that from this moment on, all communication methods such as cell phones, telephones, e-mails, and instant messaging will be shut down for no less than one week."
"All imports and exports of Gale Capital are all garrisoned by the security personnel arranged by me."
"All living supplies are also arranged by my people."
"OK?"
Zhu Ke’s sonorous and powerful words fell, and more than 20 people present nodded one after another.
The seemingly harsh conditions of these ordinary people are normal hype in their eyes.
Well, normal operation.
Following Zhuke's order, the entire conference room fell into an extremely calm state for a while.
...
The next day.
Before the opening of the foreign exchange market...oh no, generally speaking, the foreign exchange market is different from the stock market. It does not stop trading almost 24 hours a day.
On this day, Zhu Ke issued the first order to invest USD 3 million worth of shorting the Thai baht.
"Using 100 times leverage, 3 million U.S. dollars investment, converted into 300 million U.S. dollars worth of foreign currency, 1% of the bank deposit." Zhu Kelang said.
Wow!
One stone stirs up a thousand waves!
"Boss, 100 times leverage is too high, or should you come to test the water with 10 times leverage first?" a senior trader said immediately.
"No! Just 100 times leverage!"
Zhu Ke is very resolute.
The president of Dafeng Capital, Henry, agrees with Zhu Ke’s decision. He said: “I support the decision of the boss. Now the Thai financial market is too hot. I have noticed that a large amount of international hot money has poured into the Thai market recently. I guess they There is a 60% chance of short selling like us. This is a once-in-a-lifetime opportunity."
"Also, with the impact of the Thai real estate bubble, the Thai financial market has become extremely unstable. The Thai authorities will definitely adjust the foreign exchange ratio. This is our opportunity!"
Hearing this, Zhu Ke praised Henry a lot.
Henry is not a traverser, he relies entirely on his own vision.
Suddenly, a lot of other people present also gave their support.
In fact, Zhu Ke is quite calm. You know that today, there are many international foreign exchange buyers who use leverage of up to 400 times to operate.
...
It didn’t take long.
The Thai authorities held a press conference to announce the abandonment of the fixed exchange rate system and the implementation of a floating exchange rate system!
As soon as the news came out, Zhu Ke was ecstatic!
Do not!
To be precise, all the international foreign exchange buyers who are floating in the Thai market are all crazy.
This is to make a fortune!
For a time, 1 billion, tens of billions, and hundreds of billions of dollars of capital rushed to Thailand's foreign exchange market, and of course Zhu Ke joined in.
17%!
Because the Thai authorities did not have sufficient US dollar preparations, the exchange rate of the Thai baht to the US dollar fell in less than a day~www.wuxiaspot.com~Foreign exchange and other financial markets were in chaos.
The entire Thai foreign exchange market has completely become a gluttonous feast for countless international foreign exchange buyers!
"Boss, we are rich!"
"In just one day, the Thai baht has depreciated by 17%. It is not difficult to imagine how crazy the market will be next!"
"Yes, the Thai government does not have enough foreign exchange reserves, it is unable to deal with the numerous financial predators, the next big fat, many people will rush to bite."
Henry Jugenberg and others were suddenly excited.
They are excited, why has Zhuke not?
In less than a day, Zhuke made tens of millions of dollars. Is there anything crazier than this in the world?
Even if there is, Zhuke doesn’t want this at all now!
too crazy!
"Guys, don't let your guard down!"
Zhu Klang said: "This piece of fat in the Thai market has just begun. Next, we will adjust the leverage and operate with a leverage of 10 to 30 times. We will operate steadily and prevent it from being washed out by predators and oligarchs. Guys, this It’s just the beginning. It’s not difficult to guess that in addition to the Thailand market, Southeast Asian countries such as Singapore, Indonesia, and the Philippines will definitely become battlefields!
"Yes, boss!"
Everyone responded in unison.
They are also very excited now, the boss has made money, they can also get more dividends.
at the same time.
Many investment leaders on Wall Street and many foreign exchange buyers are celebrating at this moment.
gluttonous feast!
They are all crazy to enter the Southeast Asian market!
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