Chapter 547: A Thousand Miles
Unlike Douglas, who is purely on paper, Honeycott Jr. knows very well that after reaching an agreement with the Tang family, the Honeycott family not only used US dollars to acquire a large number of Tang family's industrial assets in Mexico, but also helped the Tang family exchange a large number of pesos, and is ready to use these pesos to participate in the auction of oil and gas resources in Mexico.
Originally, this was a first-strike Miaoqi, and the thank you was not high, but now the peso has suddenly depreciated, and the peso funds in the hands of the Honeycot family have suddenly shrunk, although the peso has declined relative to the dollar in terms of thanks, and it is still the same in Mexico, but most of the people participating in the auction of oil and gas resources are foreign companies, and they use dollars to come in at this time, and the cost is undoubtedly a lot, compared to them, the Honeycot family will lose a lot.
Thinking that the family would be greatly injured because of this, little Honeycott let out a miserable cry even if he was an injured lone wolf, and at the same time hated Bao Feiyang even more in his heart, if it weren't for him, the family wouldn't need to make such a deal with the Tang family at all, but now it is in danger because of this.
Honeycot Jr. also understands the economy, he knows that the peso has a 15 percent depreciation, and the family has suffered a lot of losses, but he can barely bear it, and he is afraid that the peso will continue to fall, and that kind of loss is not something the family can bear.
In order to reach a deal with the Tang family, the Honeycot family used a total of nearly three billion US dollars, of which more than one billion was paid directly to the Tang family, and some of the other billion or so became pesos, and some were exchanged for peso securities, including stocks, bonds, etc., all of which were collected from the Tang family.
In addition, because it will take some time to participate in the auction of oil and gas resources in Mexico, so the old Honeycott also invested some of the peso funds in the financial market during this time, and the old Honeycott also thought about doing hedging transactions and selling pesos in the market, but the peso in the market has been lower than the spot exchange, unless he is willing to sell the forward contract at a low price, someone will be handed, but in that case, it is no longer hedging, but pure exchange rate speculation.
Since it was speculation, the old Honeycote simply did not do anything, completely bet that the peso would not depreciate, and acquired a large number of short selling contracts in the market, because the thank you of these contracts was low, and the term was short, so the old Honeycott thanked him for knowing the situation of Ju Xige, thinking that at least in the short term, the peso would not depreciate significantly, and these contracts could make him money.
But now that the peso has really depreciated, and it is 15 percent all of a sudden, it is only a matter of 15 percent that Honeycott understands the situation, and the thank you of those long contracts seems to be lower than this, and there is no floating loss, but if it continues to fall, it will cause a floating loss, and the investment of the Zhì family in this is lost.
Little Honeycott shouted a little frantically, "This can't be, this can't be!"
Bao Feiyang's temporary mobile phone rang, and after connecting it, Wittenstein's excited voice rang on the phone: "Boss, you are really a god, do you know, just now, Sedillo announced the depreciation of the peso, and now the market is full of peso sell orders, everyone is crazy, they are selling pesos, but no one is laying their hands, according to this shape, the exchange rate of the peso against the US dollar will definitely not only drop by 15 percent, but will definitely fall further......"
Bao Feiyang said with a smile: "I know, I will hand over the matter to thank you, after the funds are returned, you can immediately exchange them for short positions in the currencies of Brazil, Argentina, and even Canada, and strive to make another profit." ”
"Yes, boss, you don't care, I will definitely follow your instructions and operate well. **Wei Caigenstan admired Bao Feiyang in his heart, and the situation predicted by Bao Feiyang before actually appeared, you must know that during this period of time, he withstood the pressure, and looked at the operation according to Bao Feiyang's instructions, and his heart was also very talented, because Bao Feiyang thanked him too sure, and the operation plan was too risky, unless it was true, even if it was a time node, but who could know what happened in the future?
Bao Feiyang hung up the phone, and saw Tang Tian'er and Tang Mi thanking Shu and looking at him with wide eyes, Tang Mi thanked him and pouted: **Hmph, you are proud now, you have guessed it!"
Tang Tian'er pulled Shushu by the hand and asked curiously: "Bao Feiyang, what the hell is going on, you guessed so accurately, if you didn't know that it was impossible, I really suspect that you and Cedilo colluded with each other, but how did you do it?"
Tang Tian'er wanted to say something, but at this time, Bao Feiyang's phone rang again, and after he got through, it was Tang Yongwen calling.
"Now that the market is in chaos, thankfully, thanks to the fact that we made a decision in advance. Tang Yongwen was very excited on the phone and said that the Tang family had converted almost all the peso funds and negotiable securities into US dollars in advance, so as to avoid the impact of this exchange rate storm, even if the exchange rate of the peso would not continue to fall, 15 percent is a very huge amount. What's more, the current situation is so chaotic, the peso is likely to depreciate further, and the losses suffered by the Tang family will be even more significant
It can be said that the Tang family can be so lucky, and it is Bao Feiyang's credit to thank him, and there is also the cooperation of the old Honeycott family, otherwise, once it is delayed for a few more days, the Tang family will inevitably be involved.
Thinking of this, Tang Yongwen felt very happy: "Feiyang, thank you, if it weren't for you, our Tang family's loss this time would be great." ”
At the beginning, the Tang family listened to Bao Feiyang's advice and raised funds
The property was transferred from Mexico, Tang Yongwen and the old man Tang Zhenshan were also under tremendous pressure, after this incident, those opinions would be dissipated, and the only thing left was praise, and Tang Yongzhang's status in the family would inevitably improve. What's more, although most of the credit for this operation is Bao Feiyang, within the Tang family, Tang Yongzhang's ability in finance will also be recognized by everyone, which is very beneficial for him to work according to his own ideas in the future. Tang Yongzhang thanked Bao Feiyang on the phone, and finally asked enviously: "Feiyang, those short contracts of yours should be able to make money, this time you have made a lot of money, and now you can earn the wealth that our Tang family has accumulated for decades in a few days." Bao Feiyang smiled and said: "What, does Uncle Yongwen regret it a little now?*Baha _regret a little bit_But we are also satisfied_ The Tang family was able to survive this crisis, and it was able to count some benefits, which was unimaginable before." Now that I think about it, I'm afraid that if I hadn't listened to your judgment at the beginning, we would still be in Mexico, and the consequences would have been really unimaginable!" Tang Yongwen said with a smile, although the peso has only fallen by 15 percent, but he has finished his judgment that the peso will definitely continue to fall, and the thank you will be out of control, and only the Mexican government will be happy to think that the negative impact of the peso exchange rate reduction can be diluted just by relying on some good clean breath, because the amount of money in the Mexican market is too large. The sudden interlude of news caused pedestrians on the road to stop and watch, knowing that the Mexican peso exchange rate was lowered, and from time to time some people exclaimed, although not every smoker does financial investment, but the smoke who pays attention to the financial information is sensitive to the impact of the peso exchange rate reduction, Mexico as one of the three countries of the North American Free Trade Area, Americans are usually very concerned. And those who invested in Mexico suddenly exclaimed: "Oh, what is Sedillo doing, the peso has depreciated - Bao Feiyang, Tang Tianer and others did not have the heart to continue shopping, they put the clothes they bought in the car, and then rushed to the largest securities exchange market in the financial district, where foreign exchange transactions are also conducted." Mexico's clean breath has been transmitted here for the first time, and the whole market has gone crazy, although on the surface it seems that it is only a peso exchange rate reduction, but the impact is comprehensive, because as one of the three countries of the North American Free Trade Area, and next to the United States, the United States and Mexico have very close economic ties, many American companies invest in Mexico, or have economic exchanges with Mexico, and many Mexican companies will choose to be listed on the US stock market, and American investors will also invest in Mexican stocks. Bonds and pesos, so the impact of the peso's exchange rate decline on the United States is now significant, the stock thank-you of related companies is starting to change, and the securities and currency transactions involving Mexico are in turmoil and chaos. Douglas didn't know if he had been following their car, and at this time, he also came to their side, he looked up at the huge display screen of the exchange, and kept muttering: "Look, this is the big scene, Mexico is finished, so many pesos sell orders, there are very few transactions, and if this continues, the exchange rate of the peso will definitely continue to fall." **The currency market includes the spot market, as well as the forward market, and Mexico's downward adjustment of the peso exchange rate will affect those foreign investors in Mexico first, because their investment will eventually be realized into foreign capital to make sense, and it is impossible to stay in Mexico in the form of pesos all the time. The depreciation of the peso by 15 percent may mean that their gratitude for the fruits of their efforts over the past year is in vain, even if they earn 15 percent interest in a year, but if they exchange the peso back to the dollar, all the investment income will be lost, and after deducting the cost, they will be able to maintain the capital preservation. What's more, everyone is also worried that the peso will fall further, and in order to reduce losses, these investors want to exchange their pesos back for dollars, so there are a large number of sell orders to sell pesos in the spot market, but no one is stupid and will not take over the peso at this time. In order to sell the pesos in their hands, the investors had to lower their thanks, according to the official exchange rate, 15 percent lower than the original one, then 16 percent, not yet, then 17 percent, so the market pesos sold lower and lower, but still no one buys. It wasn't until investors couldn't bear it anymore and put out a reduction of more than 20 percent that the first crab eater appeared, and then the market exchange rate fell sharply after the official announcement of the exchange rate cut, from 15 percent to 20 percent and 25 percent. rs
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