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Chapter 116 The Thai Baht's Rapid Depreciation

July 1, 9 am.

Wall Street, Gale Capital Investment Corporation.

"Is everyone here?"

In the meeting room of Gale Capital, Zhu Ke sat in the first place and looked 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 Jugenberg.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 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 $1 million, 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 solemnly: "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.

Zhuke nodded.

At the same time, I also thought about it.

For this Asian financial crisis, Zhu Ke prepared a total of 20 million U.S. dollars in funds. Now he has exchanged 8.9 million U.S. dollars and has 11.1 million U.S. dollars in reserved capital.

Of course, Zhu Ke also prepared a large margin in advance, otherwise the bank will not provide you with leverage at all.

"Enough!" Zhu Ke said solemnly.

Is it enough?

Of course it is enough!

In fact, Zhu Ke is not unable to invest more funds.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 changing rapidly and uncanny.

Even if you are a traverser and know the process of the entire Asian financial crisis, you can be accurate to 0.1 decimal point, but those financial predators with billions of capital are not fools!Quietly on the contrary, they are shrewd.With their skills, they can quickly spot market changes, and make hundreds of plan adjustments in a very short period of time, which can easily clean out your funds!

Therefore, even if Zhu Ke prepares hundreds of millions of dollars in capital, it is actually useless, but even more dangerous!

Moreover, if your capital is too large, it will be easier to attract the attention of many international foreign currency buyers, and the result will be counterproductive.

Can't help Zhu Ke not 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 the imports and exports of Dafeng Capital are all stationed 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.

These ordinary people's seemingly harsh conditions are normal hype in their eyes.

Well, normal operation.

With Zhu Ke's order, the entire conference room fell into an extremely calm state for a while.

.......

The next day.

Before the foreign exchange market opens...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 $3 million worth of funds to short 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 caused a thousand waves!

"Boss, isn't 100 times leverage too high, or should you come first to test the water with 10 times leverage?" a senior trader said immediately.

"No! Just 100 times leverage!"

Zhu Ke is very determined.

However, Henry, the president of Dafeng Capital, agreed with Zucker’s decision. He said: “I support the decision of the boss. Now the Thai financial market is too hot. I have noticed that a lot 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 golden 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!"

Upon hearing this, Zhu Ke praised Henry loudly.

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 must 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 and announced 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!

Suddenly, 1 billion, tens of billions, and hundreds of billions of dollars of capital rushed to the Thai 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 by 17% in less than a day, and the 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, Zhu Ke 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 our leverage and operate with a leverage of 10 to 30 times. We will work steadily to 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 are bound to 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 tycoons on Wall Street and many foreign exchange buyers are celebrating at this moment.

Gourmet feast!

They are all crazy to enter the Southeast Asian market!

"" The first update is sent.