"Antonio, you’re just in time. Now everything is ready, just waiting for you to say that’ that day’ has arrived." Rebecca smiled at Zhuang Ge and added, "I also invested 20 thousand dollars in it."
"Hey? ! Rebecca, where did you spend so much money? ！”
"I invested all the money I earned in the World Cup!" Little Groz smiled brightly and said, "I believe Antonio very much in your eyes."
"Ha ha is it …" Zhuang Ge quickly turned to look at the screen and showed that the exchange rate of lira against the US dollar was still very stable.
Three days later, the situation that the lira exchange rate remained at the highest point for several months in a row finally changed, but what made the speculators miserable was that the lira kept rising in recent years. Instead of continuing to climb as they expected, it collapsed violently!
In this year, the exchange rate of lira against the US dollar reached the highest point of 1651, and this exchange rate did not fluctuate greatly until Zhuang Ge and Moggi traded.
However, just now, the Italian lira showed signs of collapse against the US dollar.
Zhuang Ge, etc. is this moment!
In his previous life, he knew that many financial events were led by Soros Fund, and the sharp depreciation of the Italian lira was one of them.
Although it is said that if you want to make lira in advance, you will definitely make a steady profit, but since you want to run a football club, the more money, the better.
Therefore, Zhuang Ge invested a huge sum of 50,000 dollars in the futures market this time!
By the time we got to the foreign exchange settlement center, the exchange rate of lira against the US dollar had depreciated to 16,651, which means that Italians have to pay about 6 lira for 1 dollar.
Zhuang Ge took advantage of Soros’s financial crocodile’s attack on the Italian lira and made a sharp deduction in the futures market. Various small Groz genera quickly reported their profits and Zhuang Ge made a net profit of 20,000 US dollars.
"Antonio, shall we go and celebrate?" Little Groz said excitedly that this speculation made her gain a lot.
"Don’t be in such a hurry to celebrate. We will invest in another currency next."
"Which country is it?" Little Groz asked excitedly.
"Mexican peso"
……
On the night of December 19, 1994, the Mexican government suddenly announced that the national currency peso had depreciated by 15%, which caused great panic in the market. Foreign investors sold pesos wildly and snapped up the US dollar peso, and the exchange rate fell sharply.
On December 2, the exchange rate fell from the initial 347 pesos to the dollar, 3,925 pesos to the dollar plunged 13%, and then fell 153% on the 21st.
With the devaluation of the peso, foreign investors withdrew their funds in large quantities. Mexico’s foreign exchange reserves dropped by nearly 400 million US dollars in two days on the 2 nd and 21 ST. The entire Mexican financial market was in chaos. From the 2 nd and 22 nd, the exchange rate of the Mexican peso against the US dollar plummeted by 4217% in just three days, which is extremely rare in modern financial history.
Taking advantage of the crazy devaluation of Italian lira and Mexican peso, he made a fortune. After celebrating with Karin and Groz, he returned to Florence with the joy of victory. Interestingly, there is a "victim" of lira devaluation waiting for him in his office. Moggi, who chose the wrong currency for the transfer in Baggio and lost nearly 30 thousand dollars for nothing, looked sad at first sight.
"Antonio, you’ve made me suffer this time!"
Chapter 12 Transfer Gate Event
After staying in Florence for many days, Moggi’s expression is quite bitter, but his "bitterness" is not over. More than half a month ago, when the two sides reached the transfer of Baggio, Florence took out 95.5 billion lira and was able to exchange it for 90,000 US dollars. However, after this sharp depreciation, these liras are not even able to exchange for 60,000 US dollars. Moggi is somewhat stunned by the large depreciation and rapid depreciation this month.
Mo Lao Fox certainly knew that it was only a matter of time before the Italian government devalued the lira, but he never expected that the Italian lira would depreciate by 6% in just a few days.
Although the loss of more than 30,000 US dollars is nothing to Juventus supported by the Agnelli family, the business model of Juventus and Florence is different now. He has been trying to achieve a balance of payments since Giraud became more than one, so that Juventus can be self-financing. Mo Lao Fox is the general manager of Juventus Club, and he is naturally responsible for all kinds of financial problems.
Therefore, Moggi, who has always been famous for his careful calculation, still felt a pain in the face of such a loss of millions of dollars.
Of course, such a loss that makes Mo Lao Fox dreary exercise cannot be entirely attributed to Zhuang Geshen.
After communicating with Moggi, Zhuang Ge realized that Mo Lao Fox not only forgot to add a currency hedging clause to the agreement signed by the two parties at that time, but also made a second major mistake. Moggi, who is recognized as the best financial manager in later Serie A, did not expect to go to the futures market for a hedging procedure, which reduced Zhuang Ge’s awe and evaluation of the old fox a lot.
Here is a brief introduction to some currency hedging clauses and hedging.
The currency hedging clause is a common means to prevent exchange rate risk, that is, during the transaction negotiation, the two parties negotiate to add appropriate hedging clauses to the contract (often a long-term contract) to prevent the risk of exchange rate fluctuation. In the contract, it is stipulated that if the exchange rate of one (or a group of) currency countries changes more than a certain range at the time of payment, it will be adjusted according to the original exchange rate to achieve the purpose of hedging.
Hedging refers to taking the futures market as a place to transfer the price risk, so that the futures contract can be used as a temporary substitute for the seller in the spot market in the future, and the seller can buy it now or the price of the buyer in the future can be insured.
Here, it mainly refers to hedging Italian lira traders to avoid their fluctuation in the exchange rate against the US dollar at the end of the season, thus causing unnecessary losses. In other words, buying hedging avoids the risk of price changes in the spot market.
Knowing that it was impossible for Mo Lao Fox to do such a big thing, he came to his place to find fault. After some greetings, Zhuang Ge sat in a chair and waited for the other party to tell him the main purpose of his visit to Florence.
Mo Lao Fox, who is good at observing and reading, said the "real purpose" of his trip after a burst of "complaints" of indifference.
Chairman Corleone, I came to Florence this time mainly because of a player’s business.
"oh? I don’t know which player in our team did you see this time, Moggi? " Zhuang Ge’s eyebrows are a bit awkward. "It seems that Mr. Moggi is very keen on Fiorentina players."
"No, no, Chairman Corleone, you misunderstood." Moggi was a little angry at Zhuang Ge and quickly waved his hand. "I’m not a Florence player, but a player in your flag."
"What?" Zhuang Ge misunderstood himself. When did he directly take charge of other teams besides Florence?
"That’s the GM brokerage company, Chairman Corleone. Aren’t you the chairman of that company?"
Er, this seems to be really … Does Moggi see the flag players of the brokerage company?
That’s not right. The Bosman Act has not been implemented yet. If there is anything, just ask the club’s top management directly. Is it necessary for Moggi to take the line of broker?
"So who do you think is the player’s agent, Manager Moggi?" I can’t think clearly. Zhuang Ge thinks it’s good to satisfy his curiosity.
"madeira filipe" Moggi hesitated for a while and finally answered Zhuang Ge’s question honestly.
"…" When did Figo enter the brokerage firm? I didn’t know that!
……