{"id":82779,"date":"2020-12-17T03:19:57","date_gmt":"2020-12-17T03:19:57","guid":{"rendered":"https:\/\/www.zfx.com\/?post_type=academy&p=82779"},"modified":"2021-06-08T03:51:05","modified_gmt":"2021-06-08T03:51:05","slug":"21-lai-suat-qua-dem-la-gi-carry-trade-la-gi","status":"publish","type":"academy","link":"https:\/\/www.zfxvn.com\/vi\/academy\/21-lai-suat-qua-dem-la-gi-carry-trade-la-gi\/","title":{"rendered":"21. L\u00e3i su\u1ea5t qua \u0111\u00eam l\u00e0 g\u00ec? Carry trade l\u00e0 g\u00ec?"},"content":{"rendered":"

Kh\u00e1i ni\u1ec7m c\u1ee7a l\u00e3i su\u1ea5t qua \u0111\u00eam<\/strong><\/h2>\n

L\u00e3i su\u1ea5t qua \u0111\u00eam l\u00e0 g\u00ec? \u0110\u00f3 l\u00e0 m\u1ed9t thu\u1eadt ng\u1eef \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng ph\u1ed5 bi\u1ebfn trong c\u00e1c giao d\u1ecbch forex tr\u1ef1c tuy\u1ebfn. Rollover, ph\u00ed swap, ph\u00ed qua \u0111\u00eam, t\u1ea5t c\u1ea3 \u0111\u1ec1u \u0111\u1ec1 c\u1eadp v\u1ec1 c\u00f9ng m\u1ed9t kh\u00e1i ni\u1ec7m. N\u00f3i chung, n\u1ebfu m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm gi\u1eef m\u1ed9t v\u1ecb th\u1ebf m\u1edf l\u00fac 5 gi\u1edd chi\u1ec1u EST (m\u00f9a h\u00e8), \u201cph\u00ed\u201d l\u00e3i su\u1ea5t qua \u0111\u00eam s\u1ebd \u0111\u01b0\u1ee3c t\u00ednh nh\u01b0 m\u1ed9t m\u1ee9c ph\u00ed thanh to\u00e1n. “L\u00e3i su\u1ea5t” nh\u01b0 v\u1eady bao g\u1ed3m “t\u1ef7 gi\u00e1 ch\u00eanh l\u1ec7ch” c\u1ee7a s\u1ea3n ph\u1ea9m giao d\u1ecbch \u0111\u00f3 (c\u1eb7p ti\u1ec1n t\u1ec7) c\u0169ng nh\u01b0 chi ph\u00ed t\u00e0i ch\u00ednh c\u1ee7a n\u1ec1n t\u1ea3ng giao d\u1ecbch.<\/p>\n

C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean l\u01b0u \u00fd r\u1eb1ng h\u1ecd s\u1ebd tr\u1ea3 ho\u1eb7c nh\u1eadn l\u00e3i su\u1ea5t t\u00f9y thu\u1ed9c v\u00e0o c\u00e1c s\u1ea3n ph\u1ea9m \u0111\u01b0\u1ee3c giao d\u1ecbch. Khi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang giao d\u1ecbch m\u1ed9t c\u1eb7p ti\u1ec1n t\u1ec7 (ngh\u0129a l\u00e0 hai lo\u1ea1i ti\u1ec1n t\u1ec7 th\u1ef1c s\u1ef1), c\u00f3 t\u1ef7 l\u1ec7 l\u00e3i su\u1ea5t ch\u00eanh l\u1ec7ch gi\u1eefa c\u00e1c c\u1eb7p (c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 kh\u00e1c nhau c\u00f3 l\u00e3i su\u1ea5t kh\u00e1c nhau). V\u00e0, n\u1ebfu c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mua ti\u1ec1n t\u1ec7 v\u1edbi t\u1ef7 l\u1ec7 cao h\u01a1n, h\u1ecd c\u00f3 th\u1ec3 c\u00f3 th\u00eam l\u00e3i su\u1ea5t “thu nh\u1eadp” qua \u0111\u00eam. Nh\u01b0ng, ng\u01b0\u1ee3c l\u1ea1i, h\u1ecd ph\u1ea3i tr\u1ea3 “ph\u00ed\u201d l\u00e3i su\u1ea5t qua \u0111\u00eam.<\/p>\n

Ngo\u00e0i ra, l\u00e3i su\u1ea5t qua \u0111\u00eam c\u00f2n \u0111\u01b0\u1ee3c t\u00ednh ngay c\u1ea3 khi th\u1ecb tr\u01b0\u1eddng \u0111\u00f3ng c\u1eeda, bao g\u1ed3m c\u1ea3 cu\u1ed1i tu\u1ea7n v\u00e0 ng\u00e0y l\u1ec5. M\u1ed9t s\u1ed1 n\u1ec1n t\u1ea3ng giao d\u1ecbch s\u1ebd t\u00ednh ph\u00ed l\u00e3i su\u1ea5t c\u1ea3 v\u00e0o th\u1ee9 S\u00e1u. Nh\u01b0ng tr\u00ean th\u1ef1c t\u1ebf, th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i \u0111ang theo h\u1ec7 th\u1ed1ng thanh to\u00e1n T+2, v\u00ec v\u1eady trong giao d\u1ecbch ngo\u1ea1i h\u1ed1i, “l\u00e3i su\u1ea5t 3 ng\u00e0y” th\u01b0\u1eddng \u0111\u01b0\u1ee3c t\u00ednh tr\u00ean c\u00e1c v\u1ecb th\u1ebf m\u1edf v\u00e0o th\u1ee9 T\u01b0.<\/p>\n

M\u1eb7c d\u00f9, v\u1ec1 m\u1eb7t l\u00fd thuy\u1ebft, c\u00f3 m\u1ed9t c\u00f4ng th\u1ee9c \u0111\u1ec3 t\u00ednh l\u00e3i su\u1ea5t qua \u0111\u00eam ,nh\u01b0ng th\u1ef1c t\u1ebf s\u1ed1 ti\u1ec1n l\u00e3i su\u1ea5t kh\u00f4ng th\u1ec3 d\u1ec5 d\u00e0ng \u0111\u01b0\u1ee3c t\u00ednh to\u00e1n do chi ph\u00ed t\u00e0i ch\u00ednh c\u1ee7a c\u00e1c n\u1ec1n t\u1ea3ng giao d\u1ecbch kh\u00e1c nhau, s\u1ef1 thay \u0111\u1ed5i ch\u00ednh s\u00e1ch c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng v\u00e0 bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n v\u1ec1 l\u00e3i su\u1ea5t tr\u00ean th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7.<\/p>\n

Tuy nhi\u00ean, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 tr\u1ef1c ti\u1ebfp tra c\u1ee9u th\u00f4ng tin l\u00e3i su\u1ea5t qua \u0111\u00eam tr\u00ean c\u00e1c n\u1ec1n t\u1ea3ng giao d\u1ecbch v\u00e0 th\u1eadm ch\u00ed m\u1ed9t s\u1ed1 nh\u00e0 m\u00f4i gi\u1edbi c\u00f2n cung c\u1ea5p danh s\u00e1ch chi ti\u1ebft cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 tham kh\u1ea3o.<\/p>\n

Carry trade<\/b><\/strong><\/h3>\n

Carry trade ngh\u0129a l\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 vay t\u00e0i s\u1ea3n (ti\u1ec1n) \u1edf m\u1ee9c l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n \u0111\u1ec3 mua c\u00e1c t\u00e0i s\u1ea3n kh\u00e1c c\u00f3 l\u00e3i su\u1ea5t cao h\u01a1n. Trong giao d\u1ecbch ngo\u1ea1i h\u1ed1i, carry trade l\u00e0 m\u1ed9t h\u00ecnh th\u1ee9c th\u1ef1c h\u00e0nh mua c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 c\u00f3 l\u00e3i su\u1ea5t cao h\u01a1n \u0111\u1ec3 n\u1eafm gi\u1eef l\u00e2u d\u00e0i. V\u00ed d\u1ee5, khi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mua AUD\/JPY, tr\u00ean th\u1ef1c t\u1ebf, h\u1ecd vay y\u00ean Nh\u1eadt v\u00e0 mua \u0111\u1ed3ng \u0111\u00f4 la \u00dac, ngh\u0129a l\u00e0 h\u1ecd s\u1ebd tr\u1ea3 \u00edt chi ph\u00ed l\u00e3i su\u1ea5t h\u01a1n tr\u00ean \u0111\u1ed3ng y\u00ean v\u00e0 nh\u1eadn \u0111\u01b0\u1ee3c nhi\u1ec1u thu nh\u1eadp l\u00e3i su\u1ea5t h\u01a1n tr\u00ean \u0111\u1ed3ng \u0111\u00f4 la \u00dac. N\u1ebfu t\u1ef7 l\u1ec7 ch\u00eanh l\u1ec7ch \u0111\u1ee7 l\u1edbn, chi\u1ebfn l\u01b0\u1ee3c carry trade c\u00f3 hi\u1ec7u qu\u1ea3.<\/p>\n

Carry trade l\u00e0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c truy\u1ec1n th\u1ed1ng trong th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i, nh\u01b0ng v\u1edbi l\u00e3i su\u1ea5t c\u1ef1c k\u1ef3 th\u1ea5p trong nh\u1eefng n\u0103m v\u1eeba qua, h\u00ecnh th\u1ee9c carry trade ng\u00e0y c\u00e0ng tr\u1edf n\u00ean v\u00f4 ngh\u0129a h\u01a1n.<\/p>\n

\u2014\u2014<\/p>\n

C\u1ea3nh b\u00e1o r\u1ee7i ro:<\/strong>\u00a0N\u1ed9i dung tr\u00ean ch\u1ec9 mang t\u00ednh ch\u1ea5t tham kh\u1ea3o v\u00e0o kh\u00f4ng th\u1ec3 hi\u1ec7n quan \u0111i\u1ec3m c\u1ee7a\u00a0ZFX<\/a>.\u00a0ZFX<\/a>\u00a0kh\u00f4ng ch\u1ecbu b\u1ea5t k\u1ef3 h\u00ecnh th\u1ee9c t\u1ed5n th\u1ea5t n\u00e0o g\u00e2y ra b\u1edfi b\u1ea5t k\u1ef3 ho\u1ea1t \u0111\u1ed9ng giao d\u1ecbch n\u00e0o \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n theo b\u00e0i vi\u1ebft n\u00e0y. Qu\u00fd kh\u00e1ch h\u00e3y v\u1eefng v\u00e0ng trong suy ngh\u0129 v\u00e0 ki\u1ec3m so\u00e1t r\u1ee7i ro t\u01b0\u01a1ng \u1ee9ng.<\/p>\n","protected":false},"excerpt":{"rendered":"

L\u00e3i su\u1ea5t qua \u0111\u00eam l\u00e0 g\u00ec? \u0110\u00f3 l\u00e0 m\u1ed9t thu\u1eadt ng\u1eef \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng ph\u1ed5 bi\u1ebfn trong c\u00e1c giao d\u1ecbch forex tr\u1ef1c tuy\u1ebfn. Rollover, ph\u00ed swap, ph\u00ed qua \u0111\u00eam, t\u1ea5t c\u1ea3 \u0111\u1ec1u \u0111\u1ec1 c\u1eadp v\u1ec1 c\u00f9ng m\u1ed9t kh\u00e1i ni\u1ec7m…<\/p>\n","protected":false},"author":70,"featured_media":74842,"template":"","academy_categories":[13823],"academy_tags":[],"class_list":["post-82779","academy","type-academy","status-publish","has-post-thumbnail","hentry","academy_categories-start-forex-trading-vi"],"acf":[],"current_lang":"vi","_links":{"self":[{"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy\/82779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy"}],"about":[{"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/types\/academy"}],"author":[{"embeddable":true,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/users\/70"}],"version-history":[{"count":0,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy\/82779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/media\/74842"}],"wp:attachment":[{"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/media?parent=82779"}],"wp:term":[{"taxonomy":"academy_categories","embeddable":true,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy_categories?post=82779"},{"taxonomy":"academy_tags","embeddable":true,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy_tags?post=82779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}