\u571f\u8033\u5176\u91cc\u62c9\uff08TRY\uff09\u5728\u7f8e\u4f0a\u7dca\u5f35\u5c40\u52e2\u7de9\u548c\u5f8c\u8f49\u8da8\u7a69\u5b9a\u3002\u571f\u8033\u5176\u4e2d\u592e\u9280\u884c\uff08CBT\uff09\u4ecd\u5c0d\u7f8e\u5143\u514c\u91cc\u62c9\uff08USD\/TRY\uff09\u8d70\u52e2\u53ef\u63a7\u3001\u7dad\u6301\u76f8\u5c0d\u7a69\u5b9a\u4fdd\u6301\u4fe1\u5fc3\u3002<\/p>\n
\u5728\u7dca\u5f35\u5c40\u52e2\u671f\u9593\uff0c\u5e02\u5834\u6e1b\u6301\u91cc\u62c9\u7684\u300c\u9577\u5009\u300d\uff08long positions\uff0c\u5373\u62bc\u6ce8\u91cc\u62c9\u4e0a\u5347\u6216\u81f3\u5c11\u4e0d\u5927\u8dcc\u7684\u6301\u5009\uff09\u3002\u76f8\u95dc\u9577\u5009\u7d04\u524a\u6e1b\u4e00\u534a\u3002<\/p>\n
CBT \u5916\u532f\u5132\u5099\u7531\u9ad8\u4f4d\u7d042,100\u5104\u7f8e\u5143\u56de\u843d\u81f3\u7d041,610\u5104\u7f8e\u5143\u3002\u9019\u8207\u5168\u7403\u9ec3\u91d1\u5e02\u5834\u51fa\u73fe\u66f4\u5ee3\u6cdb\u62cb\u552e\u6709\u95dc\u3002<\/p>\n
\u8fd1\u671f\u6578\u64da\u986f\u793a\u91cc\u62c9\u9577\u5009\u56de\u6d41\uff0c\u8207\u5168\u7403\u98a8\u96aa\u60c5\u7dd2\u6539\u5584\u4e00\u81f4\u3002<\/p>\n
\u5e02\u5834\u9810\u671f USD\/TRY \u5c07\u9010\u6b65\u4e0a\u79fb\uff0c\u81f32026\u5e74\u5e74\u4e2d\u7d0446.6\u3002\u6b64\u9810\u6e2c\u5047\u8a2d\u300c\u5957\u606f\u4ea4\u6613\u300d\uff08carry trade\uff0c\u5373\u501f\u5165\u4f4e\u606f\u8ca8\u5e63\u3001\u8cb7\u5165\u9ad8\u606f\u8cc7\u7522\u8cfa\u53d6\u5229\u5dee\uff09\u6703\u9010\u6b65\u91cd\u555f\uff0c\u8cc7\u91d1\u518d\u5ea6\u6d41\u5165\u91cc\u62c9\u3002<\/p>\n
\u571f\u8033\u5176\u653f\u7b56\u5229\u7387\u7dad\u6301\u572850%\u9ad8\u4f4d\uff0c\u800c\u7f8e\u570b\u5229\u7387\u7d043.5%\uff0c\u5229\u5dee\u64f4\u5927\u4ee4\u91cc\u62c9\u5957\u606f\u4ea4\u6613\u518d\u5ea6\u5177\u5438\u5f15\u529b\u3002\u4eca\u5e74\u521d USD\/TRY \u7d0443.0\uff0c\u5176\u5f8c\u5347\u81f3\u76ee\u524d\u7d0445.1\uff0c\u986f\u793a\u5728\u592e\u884c\u5f15\u5c0e\u4e0b\u7684\u300c\u53d7\u63a7\u8cb6\u503c\u300d\uff08managed depreciation\uff0c\u5373\u8b93\u532f\u7387\u6309\u8f03\u53ef\u9810\u671f\u3001\u8f03\u6eab\u548c\u7684\u901f\u5ea6\u4e0b\u8dcc\uff09\u4ecd\u5728\u9810\u671f\u8def\u5f91\u4e0a\u3002\u7b2c\u4e00\u5b63\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\u964d\u6eab\u5f8c\uff0c\u532f\u50f9\u66f4\u7a69\uff0c\u70ba\u4ea4\u6613\u63d0\u4f9b\u8f03\u6e05\u6670\u7684\u5165\u5834\u7a97\u53e3\u3002<\/p>\n
\u5c0d\u4f7f\u7528\u300c\u9060\u671f\u5408\u7d04\u300d\uff08forward contracts\uff0c\u5373\u9396\u5b9a\u672a\u4f86\u67d0\u65e5\u671f\u4ee5\u6307\u5b9a\u532f\u7387\u8cb7\u8ce3\u8ca8\u5e63\u7684\u5408\u7d04\uff09\u7684\u6295\u8cc7\u8005\uff0c\u601d\u8def\u662f\u505a\u591a\u91cc\u62c9\uff0c\u62bc\u6ce8\u91cc\u62c9\u5be6\u969b\u8cb6\u503c\u901f\u5ea6\u6703\u6162\u65bc\u300c\u9060\u671f\u532f\u7387\u300d\uff08forward rate\uff0c\u5373\u9060\u671f\u5408\u7d04\u6240\u53cd\u6620\u7684\u5e02\u5834\u5b9a\u50f9\uff09\u6240\u6697\u793a\u7684\u8cb6\u503c\u5e45\u5ea6\u3002CBT \u591a\u6b21\u8868\u614b\u7dad\u6301\u7a69\u5b9a\uff0c\u4ee4\u9019\u689d\u53d7\u63a7\u8def\u5f91\u7684\u53ef\u4fe1\u5ea6\u63d0\u9ad8\uff0c\u4e26\u652f\u6301\u532f\u50f9\u5411\u5e74\u4e2d46.6\u76ee\u6a19\u9760\u650f\u3002\u9019\u610f\u5473\u300c\u5373\u671f\u532f\u7387\u300d\uff08spot rate\uff0c\u5373\u73fe\u6642\u6210\u4ea4\u532f\u7387\uff09\u77ed\u671f\u5167\u6216\u6709\u6a5f\u6703\u8dd1\u8d0f\u9060\u671f\u5e02\u5834\u96b1\u542b\u7684\u6c34\u5e73\u3002<\/p>\n
\u5728\u300c\u671f\u6b0a\u300d\uff08options\uff0c\u5373\u652f\u4ed8\u6b0a\u5229\u91d1\u5f8c\uff0c\u7372\u5f97\u5728\u672a\u4f86\u6309\u6307\u5b9a\u50f9\u683c\u8cb7\u5165\u6216\u8ce3\u51fa\u8ca8\u5e63\u7684\u6b0a\u5229\uff09\u5e02\u5834\uff0c\u91cd\u9ede\u662f\u6ce2\u52d5\u56de\u843d\u3002\u300c\u96b1\u542b\u6ce2\u52d5\u7387\u300d\uff08implied volatility\uff0c\u5373\u671f\u6b0a\u50f9\u683c\u53cd\u6620\u7684\u5e02\u5834\u5c0d\u672a\u4f86\u6ce2\u5e45\u9810\u671f\uff09\u5df2\u7531\u7b2c\u4e00\u5b63\u907f\u96aa\u671f\u9ad8\u4f4d30%\u4ee5\u4e0a\u56de\u843d\u81f3\u73fe\u7d0418%\uff0c\u4ee4\u300c\u8ce3\u51fa\u671f\u6b0a\u6536\u53d6\u6b0a\u5229\u91d1\u300d\uff08sell options to collect premium\uff0c\u5373\u8ce3\u51fa\u671f\u6b0a\u6536\u53d6\u6b0a\u5229\u91d1\uff0c\u8cfa\u53d6\u6642\u9593\u50f9\u503c\uff09\u66f4\u5177\u5438\u5f15\u529b\u3002\u53ef\u7559\u610f\u8ce3\u51fa\u300c\u50f9\u5916\u300d\uff08out-of-the-money\uff0c\u5373\u884c\u4f7f\u50f9\u8f03\u73fe\u50f9\u4e0d\u5229\u3001\u77ed\u671f\u8f03\u96e3\u88ab\u884c\u4f7f\uff09\u7684 USD\/TRY \u300c\u770b\u6f32\u671f\u6b0a\u300d\uff08call options\uff0c\u5373\u62bc\u6ce8\u532f\u50f9\u4e0a\u5347\u7684\u671f\u6b0a\uff09\uff0c\u5230\u671f\u65e5\u70ba\u672a\u4f861\u81f32\u500b\u6708\uff1b\u53ea\u8981\u91cc\u62c9\u4e0d\u51fa\u73fe\u7a81\u7136\u6025\u632b\uff08\u5feb\u901f\u5927\u5e45\u8cb6\u503c\uff09\uff0c\u7b56\u7565\u4fbf\u6709\u5229\u53ef\u5716\u3002<\/p>\n
\u4f46\u4ecd\u9700\u7559\u610f\u904e\u5f80\u4e0d\u7a69\u6642\u671f\u7684\u98a8\u96aa\uff0c\u4f8b\u59822021\u5e74\u7684\u6025\u8dcc\u3002\u73fe\u6642\u7b56\u7565\u4f9d\u8cf4\u592e\u884c\u6301\u7e8c\u7dad\u6301\u5e02\u5834\u4fe1\u5fc3\uff0c\u4ee5\u53ca\u4fdd\u6301\u8db3\u5920\u5916\u532f\u5132\u5099\uff08\u6700\u65b0\u7d041,610\u5104\u7f8e\u5143\uff09\u3002\u4e00\u65e6\u653f\u7b56\u8f49\u5411\u6216\u51fa\u73fe\u7a81\u767c\u5916\u90e8\u885d\u64ca\uff0c\u76f8\u95dc\u4ea4\u6613\u7684\u6709\u5229\u689d\u4ef6\u53ef\u80fd\u8fc5\u901f\u9006\u8f49\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"
\u7f8e\u4f0a\u7dca\u5f35\u964d\u6eab\u5e36\u52d5\u91cc\u62c9\u4f01\u7a69\uff0c\u571f\u592e\u884c\u6490\u5e02\u7a69\u4fe1\u5fc3\uff0c\u8cc7\u91d1\u91cd\u8fd4\u5957\u606f\u4ea4\u6613\uff0c\u6536\u76ca\u56de\u5347\uff1b\u60df\u5730\u7de3\u98a8\u96aa\u4ecd\u5728\uff0c\u77ed\u7dda\u6ce2\u52d5\u6216\u52a0\u5287\u3002<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-45057","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/45057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=45057"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/45057\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=45057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=45057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=45057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}