Kunzwisisa zvikwereti zvakakosha uye maitiro avanoita
Kutengeswa Kwefungible Kunotsanangurwa
Imwe nyanzvi yemari (yakadai sesangano, chibvumirano kana ramangwana rechibvumirano ) inofungidzirwa fungible kana inogona kutengwa / kutengeswa pamusika mumwe kana kugoverana, ndokuzotengesa / kutengwa kune imwe misika kana kutengesa.
Icho chaicho chirevo chezwi fungible ndiko kukwanisa kushandura imwe chikwata chechiridhi chemari kune imwe chikwata chechirongwa chimwechete chemari, sezvaunogona kuita nemari yemapepa, kushandura dhora rako kune mumwe munhu.
Mukutengeserana, fungibility zvinoreva kukwanisa kutenga kana kutengesa chinhu chimwe chete chezvemari mumisika mbiri kana kupfuura yakasiyana. Semuenzaniso, kana zana zana dzezvitoro zvingatengwa paNasdaq muU.S., uye iyo imwe chete migove zana yedzimba imwechete inogona kutengeswa paLondon Stock Exchange mu UK, uye chigumisiro chiri nhengo dze zero (100 vakatengwa uye zana vakatengesa), iyo nhumbi is fungible.
Kune zvakawanda zvingangoshandiswa mune zvemari, izvo zvinonyanya kuzivikanwa zviri mumatanda zvakanyorwa pane dzakawanda kugoverana, zvinhu (zvakaita segoridhe nesirivha) uye mari. Zvizhinji zvezvinhu zvekunyama zvinofungidzirwa fungible nokuti unogona kutenga kana kutengesa panzvimbo dzakasiyana-siyana. Iwe unogona kutenga ndarama kana sirivha kune mumwe mutengesi, uye uchitengesa iyo kune mumwe mutengesi.
Mukana weArbitrage
Fungible mari yezviridzwa inowanzoshandiswa mukururamisa mabasa. Arbitrage ndeye apo mutengesi anotora mukana wekutengesa mutengo mumisika miviri yakasiyana, kutenga pamutengo wakaderera mumusika mumwe, uye kutengesa pamutengo wakakwirira pane imwe misika.
Kurongedza maitiro kunowanzoitika apo mari yekushandiswa kwemari inobatanidzwa, sezvo vatengesi vanokwanisa kuona arbitrage mikana yemari yakafanana nokukurumidza, saka mikana iyi haigari kwenguva refu.
Muenzaniso wekutsvaga mukana wekutsvaga mutsara ndewetiyo yakanyorwa pane zvose maAustria neGermany yemisika, uye inofungidzirwa. Imwe mutengesi ine zvikamu zvekutengesa pa6.23 uye imwe inenge iine kutengesa pa6.27 (zvose zviri mutengo muma euro, sezvo nyika dzose dziri chikamu cheEuropean Union). Mumwe mutengesi anogona kutenga zvikamu pa 6.23 pane imwe shanduro, uye kuvatengesa pa6.27 kune imwe, kubvisa 0.04 euro pagove rimwe nerimwe.
Zvinowedzera kuoma kana sengo kana imwe yefa inotengeswa mune imwe yemari pane imwe shanduro, uye inotengeswa mune imwe mari mari pane imwe shanduko. Semuenzaniso, pane kazhinji inenge mazana maviri (nhamba inopinduka) makambani akanyorwa pane zvose zveCanada neAmerica markets.
Matanda emisika yeCanada yakanyorwa muCanada madhora, asi sengo imwechete ichave yakatengwa mu US dollars pamusangano wekuAmerica. Sezvo mutengo wematengo unoramba uchichinja , uye saka shanduko yemitengo, fungible mashizha akadai izvi zvinowanzoita kuti arbitrage mikana, kunyange zvazvo zvinoda zvakanyanya kuedza kuona mikana yakanaka.
An Example
Iti iwe unowana chikwata chinoshandiswa pakushandura kweUnited States, ikozvino nebhadharo yekubvunza $ 10 uye USD / CAD shanduko yekutengesa 1.30. Muenzaniso unofunga kuti iyi ndiyo mutengo arbitrage mutengesi anogona kuchinjana mari iyo, iyo inowanzove iri nani kutengesa kuwanda kupfuura mutengesi wezvitengesi anogona kuwanikwa kubva kubhangi ravo.
Kana iyo yakanakisisa inotengesa mutengesi inogona kuwana inenge USD / CAD ye 1.3, zvino inotarisirwa kuti mari yacho inofanira kutengesa madhora gumi nemadhora kuCanada kushandiswa ($ 10 US $ X 1.30 USD / CAD = $ 13 Canada).
Kubvira pachipiri kusvika kunechipiri, pangava nekusawirirana kuduku, sezvo mari yehuwandu inoshanduka uye sengo iri pasi pemutengo wayo inoshandiswa kubva pakutenga uye kutengesa zvinetso . Asi kana vatengesi vachiona mukana mukuru wakakwana wekuita purofiti nokukurumidza, vachapindira, vachibatsira kusimbisa mutengesi unotengeswa pasi (nokutenga), uye mutengo unodhura-zhinji pasi (nokutengesa), kuunza misika mbiri kudzokera muchiyero.
Shoko rekupedzisira pamusoro pekutengeserana kwakakosha
Fungible mabhizimisi mabasa apo iwe unogona kutenga / kutengesa pane imwe shanduro, uye kutengesa / kutenga pane imwe shandiso, kubvisa chikamu chako nzvimbo kusvika zero uye kubvisa purofiti. Nzvimbo dzekutsvaga mari dzinokonzera arbitrage mikana, sezvo kusawirirana mumutengo kunogona kuitika.
Izvi zvisinganzwisisiki zvinowanzodzoserwa zvakare muhutano, sezvo vatengesi vanotengesa kumisika yepamusoro yepamusi uye vanotenga mumusika wepamusi unodhura.