Author: Guigu

Traders are shouting about the instant exchange rate quotes of the Thai baht in the London parallel currency market, because the largest spot market (London Forex Market) has ended trading, and the instant quotes can only be seen in the currency markets in places such as London and New York, which are still in the trading hours.

Although some commercial banks have traded Thai baht between them during this period, their quotations cannot be compared with futures contracts in the money market. Most traders use real-time futures quotations as the basis.

The exchange rate of Thai baht/USD remains at 25 baht to 1 dollar for many years. Although the Bank of Thailand stipulates a floating range, this range is 4% of the upper and lower range, that is, 26 to 24 baht to 1 dollar are acceptable. Now, due to the violent short positions increase, this range is approaching the critical point stipulated by Thai Bank.

Xie Yuying looked at the quote that flashed instantly on the screen, feeling a little disbelief, "Is it broken like this?"

In recent weeks, the Thai government has repeatedly claimed that they have tens of billions of dollars in foreign exchange reserves and will definitely maintain their status as the Thai baht, but by this time the Thai baht has clearly reached the brink of floating.

"The good show is still coming."

Zhao Shixian looked at another screen, which showed data from the New York market - although the quotation of the Thai baht showed a red line, obviously reaching the 26 baht mark, the downward trend slowed down and there was a trend of re-rise.

After drinking a sip of black coffee, Zhao Shixian said lightly: "There is no negative news in the market that supports Thailand to give up the fixed exchange rate. It is all positive news that Thailand is working hard to protect the exchange rate. The bulls will still counterattack and will not give up so quickly."

Zhao Shixian said, pointing to the sudden sunny line on the screen.

"President, what do we want to do?" asked a trader with a cigar in his mouth.

Zhao Shixian shook his head slightly and said in a deep voice: "Alba, it's not the time yet. It's not easy to attack a country's currency. I believe that the bears will soon throw negative news, and Thailand will also take a big move."

Zhao Shixian's guess is correct. The positive line that was pulled out just now was done by the Bank of Thailand. At this moment, in the trading hall of the Bank of Thailand, the traders in charge of the European and American markets were nervously following up one sell order. After a while, when the baht was about to fall below 26, they collectively took action, used a large amount of funds to raise the price, and temporarily stabilized the baht.

When it comes to the quantity of US dollars in hand, no institution that trades foreign exchange can be compared with a central bank of a country. Central banks of various countries are the main force of monetary contracts in the money market. Once they take action, they sweep thousands of troops like sweeping mats, and all monsters and monsters have nowhere to hide.

The trading volume of Thai baht contracts in the London International Financial Futures and Options Exchange (LIFFE) and the Chicago Mercantile Exchange International Currency Market (IMM) is not large, and the "investment amount" of the two companies is not as good as the share of Lijiapo International Financial Exchange (SIMEX).

This is certainly because European and American investors are not very interested in emerging markets, but it also shows that SIMEX has a huge influence in the Asian currency market.

However, the current situation is somewhat different. Although the number of transactions in the European and American markets still does not catch up with SIMEX, if the low price is quoted in the Thai baht of LIFFE and IMM, and SIMEX has different prices, arbitrageurs will have traces to follow, and mutual arbitrage between the markets will eventually pull the price to the same level.

The main force selling Thai baht in the market is international hot money, and they control the trend of Thai baht to a certain extent. Therefore, even if the Thai baht trading volume of SIMEX is far greater than that of the other two places, the general view in the market is that the real quotation of LIFFE and IMM can reflect the real trend of Thai baht.

Now investors in the market generally want to know what price should the international hot money borrowed from a huge amount of Thai baht to defeat the Thai bank. This price will appear in LIFFE and IMM at the first time. After knowing the price, they will know what to do next.

However, they were destined to be disappointed. On this day, the two sides only had a tentative contact and stopped. Due to the tough statement issued by the Thai government and the intervention of Thai banks, international hot money was unable to further suppress the Thai baht, but only made some profits and closed their positions.

Seeing that the market was flattening again, Zhao Shixian left the trading room. The average price of forward positions in the Thai baht established by PY was at the level of 25.22, the book was still profitable, and the amount was not much, only about 700 million US dollars. Most of the funds were in the off-market forward opponents who were hedging for foreign exchange. The time was about one year, and there was no problem of position at the moment.

Moreover, PY Securities has sufficient funds and can adjust its positions at any time.

...

Nan Yi just sat down at Lao Pao Barbecue for a while and learned that the monkey had already been deployed to deal with the Black Snake Sect, and the Black Snake Sect had not made any trouble with him recently, and then left the Gary Peak Cave quickly.

He was not interested in this area, nor did he want to deliberately meet a few people who were blind to show his energy. There is no need to stay in this place that is easy to cause trouble.

But sometimes I don’t want to cause trouble, but things will come to you automatically.

There are dense restaurants on the street where Lao Pao Barbecue is located, and there are many snack stalls on the roadside, so the car can't get in at all.

Nanyi and his group walked out of the "food street" and came to a shaped intersection that was turning. A man holding a switchblade in his hand hit the right side of the trunk. The blade could shrink into the straight switchblade in the handle of the knife. It was not folded. There were blood stains on the blade and blood stains on the chest, which were dragged by a rag.

There were five men chasing behind the man, either holding a steel pipe or a wooden stick. No, it should be said that it was a pickaxe handle. The pickaxe head was removed from the iron head, leaving only the long wooden handle.

The pickaxe handle is heavy and light at one end, and thick and thin at the other end. It can easily break the ribs when swung.

When the tiger cubs touched their hands to their armpits or waists, a picture popped up in Nan Yi's mind: the man in front of him hooked the victim's neck with his left hand and stabbed the victim's stomach with a switchblade in his right hand. When the victim's spleen was pierced, he bleeded heavily in his abdomen and was unable to hang down, the bleeding mouth was rubbed against the front chest of the man in front of him.

Nan Yi once heard from Dagang that gangsters in the Northeast like to use this kind of switchblade, and it is in the Gary Peak Cave. Most of the men in front of him come from China, and the ones who are chasing him later should be that Dagang also mentioned a pickaxe handle, which is more directed than a switchblade.

Nan Yi was unable to use reasoning slowly, and Zuo Heng rushed over seven or eight people. Looking like a man with a switchblade, Nan Yi and his party became a fish in the pool and were about to be attacked in a blink of an eye.

"Unfortunate."

Nan Yi complained, and then the tiger cub who had already taken out the stick and retreated quickly.

South Korea has strictly controlled the issue of gun possession. Many times, police are not allowed to handle guns when handling cases, let alone security companies. Only when holding conditions are relatively harsh, can apply to hold a few long guns such as shotguns, and short guns are almost impossible.

So in theory, Nan Yi and his party did not bring guns into South Korea, and in fact, there are no guns on their bodies now.

"Ah~"

"Siba—"

"Fuck them!"

Just after retreating two meters, the two gangs of people shouted the charge slogans, and the walking was replaced by running quickly, and the guy in his hand had already raised his body.

The speed was accelerated and the warning was backed back three meters. The two gangs "turned" wind and "pipe" wind were connected. The dull sounds sounded, with the sound of breaking the wind, the sound of the pipes colliding, and the sound of shouting and moaning.

The one who came out from the left was probably not smart enough, so he couldn't understand that Nan Yi and his party were Chi Yu. Three of them did not rush to the gang on the right, but rushed towards Nan Yi and the others.

"Celestial immortal."

The tiger cub shouted, and the fairy and the others protected Nan Yi and continued to retreat. The tiger cub took the other two to face the three people chasing him.

The foundation is different. One group is from the battlefield. The practice is how to kill the enemy quickly. The other group is created on the streets and alleys. The practice is to scare ordinary people. Keep different. One group must be vigilant at all times when facing the worst situations. Pay great attention to maintaining physical fitness and skills. One group smokes, drinks, drinks, and sleeps with big girls. Life is irregular. The fighting skills are to swing the turtle punches at will. They can only scare ordinary people with the evil aura condensed on their bodies.

Therefore, the three tiger cubs did not wait for the other party to swing the weapon, one swung the stick from bottom to top and hit the crotch; the other raised the cauldron, missed the sky spirit cover, and swung it on the forehead; the other flirted from left to right, thirty degrees at an angle, and tugged on the cheek directly under the temple.

KO!

The three of them got it done, and turned around, and they could no longer see Nan Yi and the others.

At this time, Nan Yi had already used the ultimate fighting move, Sa Yazi ran, the speed was very fast, very fast, the soles of the shoes rubbed quickly with the ground, igniting heroic spirits. Cao Cao, Dai Zong, and Donovan Bailey couldn't help but say in unison: "You can really run."

As we ran, the BGM praised Nan Yi sounded, "Grasp every minute of life and give our all to the dreams in our hearts. How can we see the rainbow without experiencing the wind and rain? No one can succeed casually."

More than ten years of perseverance and training without any storm broke out at this moment.

Accelerate, Nan Yi and the others are still accelerating.

At 2 minutes and 11 seconds, Nan Yi had already gotten into the car, Tianxian inserted the key, stepped on the clutch, got on the accelerator, turned the direction, and completed it in one go.

Three cars left, leaving behind a three-person pickup tiger cub.

Nan Yi waited for his breath to calm down, took a sip of water and put it in his mouth, took a while to spit it out, and then sucked it in a small sip.

Two hours later, Nan Yi asked the monkey, and the two gangs of people who were fighting were the Black Snake Sect and the Heijiang Dragon Sect. They fought very hard. When the police arrived, one died on the ground and one seriously injured. They also died before the ambulance arrived.

The cause of the battle was that the Black Snake Sect went to the Heijiang Dragon Sect’s video game store to smash the venue and stabbed the person watching the venue to death.

Three people died in one breath, and the matter was a big deal.

The monkey’s previous arrangement has also reached the final step of implementation.

In the next few days, Nan Yi did not go out and stayed in the study prepared by Nan Jiajun for him to browse information about companies from Thailand and South Korea. During this period, he also knocked on Nan Jiajun, the boy, because when he came back, he had a light perfume smell on his body, which was not like he was left behind by a show of play.

...

On May 15th, during the day trading hours on Thursday, international hot money officially hit the Thai baht from futures and spot (spot) markets. At the same time, a rumor that caused investors to panic began to appear in the market - the Thai government is considering expanding the range of Thai baht, from the current 4% to 10%.

This rumor is quite deadly. The real situation has occurred in several countries where currency crises have occurred.

The British used it, but the pound was forced to leave the European exchange rate system; France used it, but the francs did not depreciate, but at that time the entire European exchange rate system expanded its fluctuation range, which was equivalent to the exchange rate system being in name only; Mexico also tried it, but the foreign exchange reserves were consumed and surrendered in just two days.

So far, countries that have expanded their floating range to resist shocks have declared failure.

At this sensitive node, such rumors appeared in the market, which was undoubtedly a heavy blow to the precarious Thai baht. As soon as SIMEX opened, the Thai baht took a sharp turn and instantly broke through the boundary set by the Bank of Thailand and fell to 26.03.

As soon as the boundaries were broken, the market panic intensified. For a moment, the market sold in the market surged, and the Thai baht fell one unit after another. The long side was surprised to find that their leader, the Bank of Thailand, did not intervene.

At this time, the Thai Bank was not available at all. It was under pressure from the spot market. As soon as the bank's business hours arrived, calls from all over the world called "selling Thai baht according to the lower limit of the Thai Bank's regulations."

The market has lost its rationality, and there were real cases before, and rumors have become conclusive. At this time, the Thai baht will no longer be sold at the lowest price of "26". When the floating range expands, there will be no chance to sell the price that appears.

No one is willing to analyze the truth and possibility of rumors. Even if someone is willing to analyze, he cannot resist the power of the general trend. When most people believe in rumors, the truth is no longer important. After a few years or decades, people with interests lose power or leave, they will have the opportunity to slowly defy the rumors.

The righteousness of "justice will only be late, it will not fail to come, the truth will eventually be unraveled" can make its debut again.

Negative news is flying everywhere, hedge funds greet Bangkok one after another, and long investors are under great pressure, and no one in the Thai government has stood up and spoke, the panic is further intensified.

Thai commercial banks are naturally unwilling to sell US dollars at this price. They did not receive any blows to expand the floating range. The rumors were fierce. For safety reasons, they began to call their mother-in-law Thai Bank.

In his office, Zhao Shixian looked at the changing numbers on the screen and said to himself: "The real battle is about to begin."

When rumors appeared in the market, Zhao Shixian realized that international hot money had taken action, which was a signal to launch a general offensive mobilization. As expected, SIMEX's Thai Baht contract was as soon as it opened, it encountered huge selling pressure. The bulls had almost no power to fight back and could only watch the Thai Baht fall in a daze.

"President, are we also following up and selling short?" Xie Yuying, who had been standing beside Zhao Shixian, soliciting instructions.

Zhao Shixian nodded and said, "Switch slowly with small steps, stop at the right time."

Scarlett Manor.

A trading team was arranged in a straight line, and the atmosphere was tense on the computer. Behind them, Scarlett and Nan Youqiong stood, on the side of Nan Youqiong, and his financial instructor explained the operations of the traders.

Scarlett was not idle. She wore a headset on her right ear and a telephone on her left shoulder. Nan Yi's voice came from time to time.

Nan Ruoyan, Fan Hongdou... Qidian Orphanage is paying attention to the current Thai baht market. In the future, although most of them will not directly engage in the financial industry, finance is closely related to all industries. You may not know how to trade financially and arbitrage, but you must not understand the general trend of finance.

Seoul.

Nan Yi and Nan Jiajun live in the same room, paying attention to the Thai Baht market, and talking about the topic of LCD screens from time to time.

The laboratory technology of LCD screens has been mature for more than 20 years, but the process of industrial production is slow and the cost has not been suppressed. In the past two years, the cost has begun to drop, and the price of LCD notebooks has shown a downward trend, and LCD screens have also begun to enter the monitor market.

Of course, the LCD screen at this time is still expensive for ordinary users, and it will take time to popularize it on a large scale.

"Bad, there is a girl group that is about to debut. Do you want to arrange something for you?"

Nan Yi: "If you are not interested, don't participate in this kind of activity. If you talk too much, you will have any great information to be leaked. The next step is to silence yourself and don't send yourself to the evil path."
To be continued...