84 Chapter 84 The Power of the New Currency (1/2)

This mode was just after he thought about it for a while before figuring out the logic. It feels that money is the most brain-burning.

His arbitrage model is very simple.

For example, the current international exchange rate of the euro to the US dollar is 1:1.3668. After the internal exchange rate of the system is rounded up, the RMB exchange rate to the U.S. dollar is eight to one, and the euro is eleven to one.

You can first open an account in the international free foreign exchange market, or open several more accounts.

Just share the regulatory risks.

So if you have 11 million RMB, you can exchange one million Euros through the system.

Then you can exchange this million euros with others for 1,366,800 US dollars, and finally exchange it back to the system?

It's simple.

Just multiply it by eight, which is 10.93 million.......

It lost nearly 70,000 yuan.

Ha ha.

Of course, no one would do this kind of business, and Tang Qing was not stupid.

But what if the other way around?

11 million yuan.

In the system, 1.375 million U.S. dollars can be exchanged according to eight to one, and then exchanged back to Euros according to 1.3668 internationally, to get one million Euros and the remaining U.S. dollars.

Among them, the net profit was US$8,200.

Calculate the profit of a transaction is nearly 0.6%.

Even if you deduct the transaction costs that may exist in it, at least at least 7,000 US dollars in profit is calculated.

In this case.

A system entry and exit limit of ten times a day is a profit of nearly $70,000.

This doesn't seem like much.

And what if it is a transaction volume of 10 million euros at a time?

One day is at least seven hundred thousand US dollars in receipts, which is equivalent to a profit of 5.6 million yuan.

And what if it’s a month?

Damn it!!

Counting this, Tang Qing suddenly sat up, eyes full of shock.

As long as there are 110 million yuan.

You can earn it in one month...

168 million.

by!

by!

by!

Go crazy!

Tang Qing's heart was beating so fast that it was almost bursting.

This is more than profiteering, it is simply picking up money.

Moreover, this is still calculated in accordance with simple interest. If all the money earned is invested in accordance with compound interest, then the profit is likely to be 200 million.

Mamma Mia.

More than 200% profit.

too crazy!

And this is still relatively conservative.

The first point is that the exchange rate of the two currencies against the RMB will not change in a short time.

Tang Qing checked, and now the international exchange rates of the two currencies are more than 0.2, which will not change significantly in at least one month, and there should be no changes within the system for at least half a year.

why?

Because even if the renminbi falls below eight against the dollar, as long as it is above 7.5, the exchange ratio within the system is one to eight.

So does the euro.

Above ten and five are based on a ratio of one to eleven, and such a big plunge will take at least several months or even longer.

And he knows one thing, the dollar has not been high against the euro. 1:3.6668 is already very high.

Even in 2007, it was 1.37 at most.

Then it means that the profit of one transaction may be a little lower than this in the future, but there will be money to be made for at least one or two years.

And this is only the exchange of euros to US dollars, what if you are level four?

What currency will be opened?

At that time, the arbitrage profit of the US dollar against the euro will decrease, and I will move to the next one. What a big deal.

Even if one of the newly opened currencies is above the whole number and the other is below the whole number, then profits are likely to double again.

In any case, he can still successfully arbitrage, and no one can stop him from making money.

by!

Tang Qing couldn't help but another word popped out in his heart.

Can this system be better?

Banking system!

Really well-deserved!

It seems that I am not far from becoming a billionaire. At this speed, it shouldn't be too difficult to get a net worth of hundreds of millions before the college entrance examination.

But he plans to make this money in the next year, so he will make a fortune in the stock market first.

At that time, he will find a way to open or buy a bearer account with a foreign bank. Anyway, he is not prepared to have any relationship with him.

A few days ago, he inadvertently asked about the account bound to the system, and the system told him that the account bound to the system could be monitored and frozen by the outside world.

but.

Without Tang Qing's consent and system operation, it would be impossible for others to transfer a dime away.

And even if it is frozen.