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| Articles about Yuan |
| Zhong Yuan Festival : 9007 Zhong Yuan Carnival | | 2008-08-02 12:06:00 | | 2 August 2008It is Zhong Yuan Festival (中元节) again. Although some would call it the Hungry Ghost Festival, a more appropriate way to put it would be the former one. Zhong Yuan means middle season. During Zhong Yuan Festival, companies would organise Zhong Yuan Carnival, where auspicious goodies would be put up for auction while dinner is served.As per previous years, Uncle Francis had a table reserved for the Fong family. The carnival is organised by the Tampines Blk 9007 Industrial Estate companies.After watching 881 and listening to Hokkien songs being repeated uncountable times during the Eunos Harmony Trail, I listened to the Getai performers more attentively than previous years. My relatives and father, as usual, were dissatisfied with the quality of the Getai performers.It is amazing how people can bid for items worth less than $500 until the price reached above $5000. I visualised the future me to be rich enough to participate in this high-end activity. After reading "How ... | | By: My Encounters, My Life | | |
| | Yuan Ton Soup | | 2008-07-17 12:39:42 | | Addendum: Pic to rt.Point of order: If u dont know y this blog is raw dawg buffalo, u will now. I dont melt under rain nor word.I am an optimist true, but I have denied inside, that we can make it if we try, for I have failed to acknowledge that we aint EVEN trying. I am putting down what I am reading now to write what I’m finna (im country) write now. I only had about 45 pages of Pursuit: the chase, capture, persecution & Surprising Release of Confederate President Jefferson Davis. Really I have finished the text, I am just going through the 40 or so pages and 270 sum odd footnotes, to check the authors (Clint Johnson) interpretation of the events depicted - great read. In fact checking the footnotes is the best part of reading to me cause you find out about other books. Any who, im finna stop because my blog rounds lead to such. And forgive me if I don’t know when to stop because Im listening to Chuck Brown and the Soul searchers “Midnight Sun.” Appropriate caus... | | By: Raw Dawg Buffalo | | |
| | Mike Davis aka Iron Man and Yuan Chun Lin Win Korea Pro Pool Tour Championships! | | 2008-05-07 23:20:39 | | Mike Davis and Yuan Chun Lin are the new champions of the 4th Annual Korea Pro Pool Tour Championships! Both Mike Davis and Yuan Chun Lin played near flawless matches in the semi and finals to win for their first time in Korea. The matches, sponsored by MBC ESPN, Ra Beauty Core Salons, Novotel Doksan, Poison Cues, Predator Cues, Min Tables, Vigma Balls, were aired on Korea’s MBC ESPN sports channel. Yuan Chun Lin faced 19 year-old Korean #2 Eun Ji Park and it was apparrent Park was outclassed and outmatched from the beginning as she trailed start to end for a 7-2 loss. Taipei's Chieh Yu Chou also outflanked Japan's Mika Muneta and cruised to a 7-4 win. The final match went with the odds as Yuan Chun LIn kept her streak alive with a 7-4 win for the championship against Chou. And talk about destiny for a player - Mike Davis. After a forfeit, a bye, and another forfeit, "Iron Man" Davis went undefeated all the way to the semi-finals! And I kid you not! There Mike Davis faced 2007... | | By: The AnitoKid Chronikos | | |
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| PRETTY GIRL:GAO YUAN YUAN | | 2008-01-23 03:11:29 | | Name: Gao YuanYuanNational: HanPlace of Birth: Beijing (origin: Tangshan, Hebei)Date of Birth: October 5, 1979Constellation: LibraHeight: 165 cmBlood type: A -Weight: 48 kgSanwei: 83/60/87Favorite apparel brand: Zhang Tian AiFavorite colors: white, blue, black★ ★ Awards2001 Berlin Film Festival, "17-year-old cyclist," the 2001 session of the 51st Berlin Film Festival awardCannes Film Festival 2005 "Green" 2005 was the 58th Session of the Cannes Film Festival jury prizeNetherlands Flower Bulbs 2005 International Centre was China's first "Miss Lily" title2006 "Baby" by the Venice Film Festival invited to participate in the film exhibition... | | By: Chinese Girls | | |
| | Chinese Yuan Carry Trade Currency Basket – Nine Months Later and 43% Greater | | 2008-01-07 20:29:08 | | Back on March 20, 2007, TheFinancialWhiz.Com started an experiment of combining a basket of nine currencies versus the Chinese Yuan (see post). The goal of the basket was to generate positive interest payments from the long currency holdings, with a secondary goal of generating capital appreciation.
The portfolio, as of Saturday, January 5, 2008, has [...]... | | By: TheFinancialWhiz.Com | | |
| | Chinese Yuan Carry Trade Basket - December 4, 2007 | | 2007-12-03 23:19:39 | | This is an update on the performance of the Chinese Yuan Carry Trade Basket. The experiment was started with a base of $100,000 on March 20, 2007. I have included the performance figures for both of the experiments that I have been running, although they are the same in composition, I have leveraged them differently.
Since [...]... | | By: TheFinancialWhiz.Com | | |
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| Chinese Yuan Carry Trade Basket Update - July 20, 2007 | | 2007-12-03 23:03:56 | | This is an update on the performance of the Chinese Yuan Carry Trade Basket. The experiment was started with a base of $100,000 on March 20, 2007. I have included the performance figures for both of the experiments that I have been running, although they are the same in composition, I have leveraged them differently.
Since [...]... | | By: TheFinancialWhiz.Com | | |
| | Yuan has grown more flexible | | 2007-10-17 21:47:20 | | (Xinhua)
2007-10-17 14:51
China’s currency has grown more flexible with its central parity rate having gained 10.19 percent accumulatively against the US dollar as of September 30, according to statistics released at the 17th National Congress of the Communist Party of China yesterday.
China scrapped its decade-long peg to the greenback in July 2005 and linked it to [...]... | | By: Best China Suppliers | | |
| | Chinese Yuan Carry Trade Basket Update - July 3, 2007 | | 2007-07-03 23:39:15 | | This is an update on the performance of the Chinese Yuan Carry Trade Basket. The experiment was started with a base of $100,000 on March 20, 2007. I have included the performance figures for both of the experiments that I have been running, although they are the same in composition, I have leveraged them differently.
Since Inception (5 times leveraged basket):
Increase (decrease) in Account Balance: $9,569.53
Increase (decrease) in Unrealized Gains: $18,364.90
Increase (decrease) in Net Asset Value: $27,934.43
Total Portfolio Value: $127,934.43 +27.93%
Since Inception (10 times leveraged basket):
Increase (decrease) in Account Balance: $19,139.05
Increase (decrease) in Unrealized Gains: $36,729.80
Increase (decrease) in Net Asset Value: $55,868.85
Total Portfolio Value: $155,868.85 +55.87%
The Chinese Yuan Carry Trade Basket has been traded for over three months and has given an investor an annualized return of 97.09% and 194.20% respectively. While past performance i... | | By: TheFinancialWhiz.Com | | |
| | Chinese Yuan Carry Trade Basket Update - June 7, 2007 | | 2007-06-08 02:10:38 | | Here is an update on the performance of the Chinese Yuan Carry Trade Basket. The experiment was started with a base of $100,000 on March 20, 2007.
Since Inception:
Increase (decrease) in Account Balance: $7,379.42
Increase (decrease) in Unrealized Gains: $12,751.94
Increase (decrease) in Net Asset Value: $20,131.36
Total Portfolio Value: $120,131.36 +20.13%
Although the Chinese Yuan has been gaining considerable strength over the past three months, declining about 1.31%, my belief is that the currency will tread water for now. The quick decline was due to political pressure placed on China to appreciate the Yuan. I have also been running the Chinese Yuan Carry Trade Basket at double the size of the positions as was presented in the original post. The performance of that fund is just two times the above performance figures. Please check back for further updates at a later time. I would appreciate any suggestions on improving the strategy.
... | | By: TheFinancialWhiz.Com | | |
| | April 15, 2007 - Chinese Yuan Carry Trade Basket Update | | 2007-04-16 05:32:00 | | Here is an update on the performance of the Chinese Yuan Carry Trade Basket. The experiment was started with a base of $100,000 on March 20, 2007.
Since Inception:
Increase (decrease) in Account Balance: $2,646.52
Increase (decrease) in Unrealized Gains: $9,830.41
Increase (decrease) in Net Asset Value: $12,476.93
Total Portfolio Value: $112,476.93 +12.48%
Since Last Update on April 7, 2007 (One Week):
Increase (decrease) in Account Balance: $791.08
Increase (decrease) in Unrealized Gains:$3,830.41
Increase (decrease) in Net Asset Value: $4,621.49
The basket has been the beneficiary of deteriorating fundamentals of the US Dollar. All the positions in the basket are in profit, except for the the USD/CNY positions, which is our carry trade borrowing currency. Please check back for further updates at a later time. Please post any questions you may have.
... | | By: TheFinancialWhiz.Com | | |
| | An Update on the “Chinese Yuan Carry Trade Basket Experiment” | | 2007-04-08 02:29:30 | | The success of this basket so far is exceeding my initial expectations. I have uploaded a spreadsheet of the account transactions, including interest payments, available for download if you wish to inspect the results. While the overall sentiment over the past few weeks (since March 20, 2007) has been bearish the dollar, I still feel that this basket can still continue similar returns in any currency environment. I am a bit disappointed with Oanda for increasing the interest rate at which an investor can borrow at in Chinese Yuan (Previously it was -1%; now it has increased to .5% for a total increase of 1.5%), but we can make due with what we have.
The results after two weeks:
Total Increase (Decrease) in Account Balance: $1,855.44
Total Increase (Decrease) in Unrealized Gains: ~$6,000.00
Total Increase (Decrease) in Net Asset Value: $7,855.44, or a 7.86% Return in Two Weeks
The 7.86% return in two weeks represents an annual return of 204.36% without compounding. Now the timing of the... | | By: TheFinancialWhiz.Com | | |
| | An Update on the “Chinese Yuan Carry Trade Basket Experiment” | | 2007-04-08 02:29:30 | | The success of this basket so far is exceeding my initial expectations. I have uploaded a spreadsheet of the account transactions, including interest payments, available for download if you wish to inspect the results. While the overall sentiment over the past few weeks (since March 20, 2007) has been bearish the dollar, I still feel that this basket can still continue similar returns in any currency environment. I am a bit disappointed with Oanda for increasing the interest rate at which an investor can borrow at in Chinese Yuan (Previously it was -1%; now it has increased to .5% for a total increase of 1.5%), but we can make due with what we have.
The results after two weeks:
Total Increase (Decrease) in Account Balance: $1,855.44
Total Increase (Decrease) in Unrealized Gains: ~$6,000.00
Total Increase (Decrease) in Net Asset Value: $7,855.44, or a 7.86% Return in Two Weeks
The 7.86% return in two weeks represents an annual return of 204.36% without compounding. Now the timing of the... | | By: TheFinancialWhiz.Com | | |
| | Chinese Yuan Carry Trade Basket - Interest Reinvestment Plan | | 2007-04-01 05:47:28 | | In the previous post entitled “Chinese Yuan Carry Trade Basket Experiment,” I described the basic composition of the basket of currencies in that post and this post I have set out to develop a plan to further take advantage of the interest that is received on the currency positions. I looked to a popular stock investment strategy, entitled DRIP (Dividend Reinvestment Plan), takes the dividends that a company pays on its stock reinvests the dividend into that company’s stock. The DRIP strategy runs off of the idea of compounding, where you are receiving dividends, reinvesting those dividends, and then earning dividends off of your initial investment plus the stock which was purchased in the reinvestment plan.
I am proposing using the idea of the DRIP strategy in combination with the carry trade basket so that the interest that is paid on the basket is reinvested equally over the entire basket, instead of different amounts being invested in the specific currency pair ... | | By: TheFinancialWhiz.Com | | |
| | The Chinese Yuan Carry Trade Basket Experiment | | 2007-03-24 07:35:07 | | After writing about the viability of a carry trade involving the Chinese Yuan, I got to thinking about how I could develop a basket of currencies to create a diversified carry basket involving a number of major and exotic currency pairs. This basket would seek to profit from the low volatility of the Chinese Yuan and from the large interest rate spread received for holding the USD/CNY.
In my previous post in regard to using the Chinese Yuan as a short, I illustrated the interest rate spreads with ten different currencies; I have taken those ten currencies and equally invested them against the Chinese Yuan.
The basket is currently set up to make approximately 38.05% in interest a year, at the current interest rates. At first glance the strategy may appear to be risky, but this basket is only leveraged at 5 times the balance. The asset allocations for the basket are below with unit values and approximate USD values. As you can see from the $100,000 basket, I am short $500,000 worth ... | | By: TheFinancialWhiz.Com | | |
| | Chinese Yuan: The New Carry Trade Choice | | 2007-03-20 18:58:16 | | *Please note (April 6, 2007): Oanda has recently updated their interest rate spread for the USD/CNY pair, it now yields 4.425%, instead of the previous 5.925%. While this does make this trade a little less attractive, using it in the carry basket should still provide substantial income generation over the next year.
As mentioned in my previous post in regards to the New Turkish Lira being the top currency choice to hold long in a carry trade portfolio, my new short position choice is now the Chinese Yuan. The FOREX broker that I use, Oanda, is currently offering an interest rate of 5.925% per annum to traders who hold the USD/CNY long, meaning long USD and short CNY. Even though the Chinese Yuan is currently being allowed to appreciate by its government, the Yuan has only appreciated against the dollar by about 3.6% over the past year. It is not in the best interest of the Chinese government to allow its currency to appreciate greatly against the other world currencies, especially t... | | By: TheFinancialWhiz.Com | | |
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