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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 smart move to make the first move, and the price of the peso was not high, but now the peso has suddenly depreciated, and the peso funds in the hands of the Honeycott family have suddenly shrunk, although theoretically the price of the peso relative to the dollar has fallen, 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 much lower, compared to them, the Honeycot family will lose a lot.

Thinking that the family would be greatly injured because of this, little Honeycott was like a wounded lone wolf, screaming miserably, and at the same time hating 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 a crisis because of this.

Little Honeycote also understands the economy, he knows that the peso depreciates by 15 percent, and the family loses a lot, but it can barely bear it, but he is afraid that the peso will continue to fall, and that kind of loss is not something that 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 received from the Tang family.

In addition, it will take some time to participate in the auction of oil and gas resources in Mexico. So the old Honeycott also put some of the peso funds into the financial market during this time, and the old Honeycott also thought about doing hedging transactions and selling pesos in the market, but the price of pesos in the market has been lower than the spot exchange price, unless he is willing to sell the forward contract at a low price, someone will take over, but in that case, it is no longer hedging, but pure exchange rate speculation.

Since it was speculation, the elder Honeycot simply did not do anything. Completely bet that the peso will not depreciate. A large number of short peso contracts were acquired in the market, because the prices of these contracts were low and the maturities were short, according to what he knew about Mexico. It is not believed that the peso will depreciate significantly in the short term, at least in the short term. These contracts are fully capable of making money on their own.

But now the peso has really depreciated. And all of a sudden, it's fifteen percent, and according to what Honeycott Jr. knows, the price of those long contracts seems to be lower than that. There is no floating loss, but if it continues to fall, it will cause floating losses, and the investment of the Daozhì family in this will be lost.

Little Honeycote exclaimed a little frantically, "This can't be, this can't be!" ”

Bao Feiyang's temporary mobile phone rang, and after connecting it, Wittgenstein's excited voice rang on the phone: "Boss, you are really a god, do you know, just now, Zedillo 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 takes over, according to this shape, the exchange rate of the peso against the dollar will definitely not only drop by 15%, but will definitely fall further......"

Bao Feiyang said with a smile: "I know, the next thing will be handed over to you, after the funds are withdrawn, 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, don't worry, I will follow your instructions and operate well." Wittenstein was so impressed by Bao Feiyang in his heart that the situation predicted by Bao Feiyang had actually appeared, you must know that during this time he withstood the pressure and operated according to Bao Feiyang's instructions, and he was also very worried in his heart, because Bao Feiyang said too sure, and the operation plan was too risky, unless every time node was really determined, but who can say clearly what will happen in the future?

Bao Feiyang hung up the phone, and saw Tang Tian'er and Tang Mi'er sisters staring at him with wide eyes, Tang Mi'er pouted: "Hmph, you are proud now, you have guessed it!" ”

Tang Tian'er pulled her sister 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 Sedillo 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 connected, it was Tang Yongwen calling.

"Feiyang, you know, the Mexican government announced a 15 percent depreciation of the peso, and now the market is in chaos, but fortunately, fortunately, we made a decision in advance." Tang Yongwen said very excitedly on the phone that the Tang family had converted almost all the peso funds and negotiable securities into US dollars in advance, so as to avoid being affected by this exchange rate storm, even if the exchange rate of the peso would not continue to fall, 15 percent was a very huge amount. What's more, the current situation is so chaotic, the peso is likely to depreciate further, so the loss of the Tang family will be even more considerable.

It can be said that the Tang family can be so lucky, it is all due to Bao Feiyang, 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 transferred the assets from Mexico, Tang Yongwen and the old man Tang Zhenshan were also under great pressure.

More importantly, although most of the credit for this operation is Bao Feiyang, within the Tang family, Tang Yongwen'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 Yongwen kept thanking 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, maybe 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 now?" ”

"Haha, there is a little regret, but we are also satisfied, the Tang family was able to survive this crisis, and also be able to obtain 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 be really unimaginable! Tang Yongwen said with a smile, although the peso has only fallen by 15 percent, but he has fully believed in Bao Feiyang's judgment, the peso will definitely continue to fall and become out of control, and only the Mexican government will be optimistic that just by relying on some good news can dilute the negative impact of the peso exchange rate decline, 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 everyone does financial investment, but people who pay attention to financial news are 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 naturally very concerned.

And those who invested in Mexico suddenly exclaimed: "Oh, what is Sedillo doing, the peso has depreciated ......"

Bao Feiyang, Tang Tian'er and others did not bother 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.

The news of Mexico has reached 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 are very closely linked economically, many American companies invest in Mexico, or have economic dealings with Mexico, and many Mexican companies will choose to be listed on the U.S. securities market, and U.S. investors will also invest in Mexican stocks, bonds and pesos, so the impact of the peso exchange rate reduction on the United States is also very large. Stock prices of the companies involved began to change, and transactions involving securities and currencies in Mexico were 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 with a dead face, he looked up at the huge display screen of the exchange, and kept muttering: "Look, this is the big picture, Mexico is finished, so many pesos sell orders, there are very few transactions, if it continues like this, 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 all the fruits of their efforts in the past year are 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 is lost, and it is good to be able to maintain the capital after deducting the cost.

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 investor had to lower the price, according to the official exchange rate, 15 percent lower than the original one, then no one wanted, then 16 percent, not enough, then 17 percent, so the market peso sold at a lower and lower price, but still no one bought.

It wasn't until investors couldn't bear it anymore and put out a reduction of more than 20 percent that the first crab to eat appeared, so the market exchange rate fell sharply after the official announcement of the exchange rate cut, from 15 percent to 20 percent and 25 percent......

It's a long way off. (To be continued......)