{"id":53933,"date":"2025-05-13T22:13:37","date_gmt":"2025-05-13T14:13:37","guid":{"rendered":"http:\/\/test.swqi.tw\/?p=53933"},"modified":"2025-12-03T03:43:12","modified_gmt":"2025-12-02T19:43:12","slug":"forex-carry-trade-explained","status":"publish","type":"post","link":"https:\/\/mister.forex\/vi\/forex-carry-trade-explained\/","title":{"rendered":"Gi\u1ea3i m\u00e3 giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t Forex: Nh\u1eefng \u0111i\u1ec1u ng\u01b0\u1eddi m\u1edbi b\u1eaft bu\u1ed9c ph\u1ea3i hi\u1ec3u v\u1ec1 l\u1ee3i nhu\u1eadn ch\u00eanh l\u1ec7ch v\u00e0 r\u1ee7i ro l\u1edbn"},"content":{"rendered":"
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Gi\u1ea3i th\u00edch Giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t ngo\u1ea1i h\u1ed1i (Carry Trade): Ki\u1ebfm ti\u1ec1n t\u1eeb ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t? C\u01a1 h\u1ed9i v\u00e0 r\u1ee7i ro c\u00f9ng t\u1ed3n t\u1ea1i<\/strong> <\/h2>\n\nTrong th\u1ebf gi\u1edbi giao d\u1ecbch ngo\u1ea1i h\u1ed1i, ph\u1ea7n l\u1edbn m\u1ecdi ng\u01b0\u1eddi ngh\u0129 \u0111\u1ebfn c\u00e1ch ki\u1ebfm l\u1eddi l\u00e0 \"mua th\u1ea5p b\u00e1n cao\" ho\u1eb7c \"b\u00e1n cao mua th\u1ea5p\", t\u1ee9c l\u00e0 ki\u1ebfm l\u1ee3i nhu\u1eadn t\u1eeb bi\u1ebfn \u0111\u1ed9ng gi\u00e1 c\u1ee7a t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i.
\nNh\u01b0ng ngo\u00e0i bi\u1ebfn \u0111\u1ed9ng gi\u00e1, c\u00f2n t\u1ed3n t\u1ea1i m\u1ed9t ngu\u1ed3n thu nh\u1eadp (ho\u1eb7c chi ph\u00ed) ti\u1ec1m n\u0103ng kh\u00e1c, \u0111\u00f3 l\u00e0 s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 l\u00e3i su\u1ea5t gi\u1eefa c\u00e1c \u0111\u1ed3ng ti\u1ec1n c\u1ee7a c\u00e1c qu\u1ed1c gia kh\u00e1c nhau.
\n\"Giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t\"<\/strong> l\u00e0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch c\u1ed1 g\u1eafng t\u1eadn d\u1ee5ng s\u1ef1 ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t n\u00e0y \u0111\u1ec3 ki\u1ebfm l\u1eddi.

\nNghe c\u00f3 v\u1ebb nh\u01b0 ch\u1ec9 c\u1ea7n n\u1eafm gi\u1eef \u0111\u1ed3ng ti\u1ec1n c\u00f3 l\u00e3i su\u1ea5t cao l\u00e0 c\u00f3 th\u1ec3 ki\u1ebfm ti\u1ec1n \u1ed5n \u0111\u1ecbnh?
\nTh\u1ef1c t\u1ebf, giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t ph\u1ee9c t\u1ea1p h\u01a1n nhi\u1ec1u v\u00e0 \u0111i k\u00e8m v\u1edbi nh\u1eefng c\u01a1 h\u1ed9i v\u00e0 r\u1ee7i ro \u0111\u1eb7c th\u00f9.
\nB\u00e0i vi\u1ebft n\u00e0y s\u1ebd gi\u1ea3i th\u00edch \u0111\u01a1n gi\u1ea3n cho b\u1ea1n bi\u1ebft giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t l\u00e0 g\u00ec, n\u00f3 ho\u1ea1t \u0111\u1ed9ng nh\u01b0 th\u1ebf n\u00e0o (li\u00ean quan m\u1eadt thi\u1ebft \u0111\u1ebfn \"ph\u00ed qua \u0111\u00eam\/ l\u00e3i su\u1ea5t qua \u0111\u00eam\" m\u00e0 ch\u00fang ta \u0111\u00e3 \u0111\u1ec1 c\u1eadp tr\u01b0\u1edbc \u0111\u00f3), ngu\u1ed3n thu nh\u1eadp ti\u1ec1m n\u0103ng v\u00e0 r\u1ee7i ro ch\u00ednh c\u1ee7a n\u00f3, c\u0169ng nh\u01b0 li\u1ec7u n\u00f3 c\u00f3 ph\u00f9 h\u1ee3p v\u1edbi ng\u01b0\u1eddi m\u1edbi b\u1eaft \u0111\u1ea7u giao d\u1ecbch ngo\u1ea1i h\u1ed1i hay kh\u00f4ng.

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1. Giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t l\u00e0 g\u00ec?<\/strong> <\/h2>\nChi\u1ebfn l\u01b0\u1ee3c c\u1ed1t l\u00f5i c\u1ee7a giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t l\u00e0: 

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  • Vay (b\u00e1n) m\u1ed9t \u0111\u1ed3ng ti\u1ec1n c\u00f3 l\u00e3i su\u1ea5t th\u1ea5p.<\/li>\n
  • \u0110\u1ed3ng th\u1eddi mua m\u1ed9t \u0111\u1ed3ng ti\u1ec1n c\u00f3 l\u00e3i su\u1ea5t cao h\u01a1n.<\/li>\n<\/ul>\n
    \nM\u1ee5c ti\u00eau:<\/strong> M\u1ee5c \u0111\u00edch ch\u00ednh c\u1ee7a nh\u00e0 giao d\u1ecbch l\u00e0 ki\u1ebfm l\u1ee3i t\u1eeb ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t gi\u1eefa hai \u0111\u1ed3ng ti\u1ec1n n\u00e0y.

    \nT\u01b0\u01a1ng t\u1ef1 \u0111\u01a1n gi\u1ea3n:<\/strong> H\u00e3y t\u01b0\u1edfng t\u01b0\u1ee3ng b\u1ea1n vay m\u1ed9t kho\u1ea3n ti\u1ec1n v\u1edbi l\u00e3i su\u1ea5t h\u00e0ng n\u0103m 1%, sau \u0111\u00f3 g\u1eedi kho\u1ea3n ti\u1ec1n \u0111\u00f3 v\u00e0o m\u1ed9t t\u00e0i kho\u1ea3n ng\u00e2n h\u00e0ng v\u1edbi l\u00e3i su\u1ea5t h\u00e0ng n\u0103m 5%.
    \nTrong \u0111i\u1ec1u ki\u1ec7n l\u00fd t\u01b0\u1edfng kh\u00f4ng t\u00ednh \u0111\u1ebfn c\u00e1c r\u1ee7i ro kh\u00e1c (nh\u01b0 ng\u00e2n h\u00e0ng g\u1eedi ti\u1ec1n ph\u00e1 s\u1ea3n ho\u1eb7c \u0111\u1ed3ng ti\u1ec1n m\u1ea5t gi\u00e1), b\u1ea1n s\u1ebd ki\u1ebfm \u0111\u01b0\u1ee3c ph\u1ea7n ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t 4% (5% - 1%).
    \nNguy\u00ean l\u00fd c\u01a1 b\u1ea3n c\u1ee7a giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t ngo\u1ea1i h\u1ed1i c\u0169ng t\u01b0\u01a1ng t\u1ef1, ch\u1ec9 kh\u00e1c l\u00e0 \u0111\u1ed1i t\u01b0\u1ee3ng giao d\u1ecbch l\u00e0 c\u00e1c \u0111\u1ed3ng ti\u1ec1n c\u1ee7a c\u00e1c qu\u1ed1c gia kh\u00e1c nhau.

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    2. Giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t ho\u1ea1t \u0111\u1ed9ng nh\u01b0 th\u1ebf n\u00e0o: Ch\u00eca kh\u00f3a l\u00e0 l\u00e3i su\u1ea5t qua \u0111\u00eam (Swap)<\/strong> <\/h2>\nChi\u1ebfn l\u01b0\u1ee3c n\u00e0y l\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 ki\u1ebfm \u0111\u01b0\u1ee3c ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t?
    \nC\u00e2u tr\u1ea3 l\u1eddi n\u1eb1m \u1edf \"ph\u00ed qua \u0111\u00eam\/ l\u00e3i su\u1ea5t qua \u0111\u00eam\" (Swap\/Rollover Fee)<\/strong> m\u00e0 ch\u00fang ta \u0111\u00e3 gi\u1edbi thi\u1ec7u tr\u01b0\u1edbc \u0111\u00f3.

    \n\u00d4n l\u1ea1i:<\/strong> Khi b\u1ea1n gi\u1eef m\u1ed9t v\u1ecb th\u1ebf ngo\u1ea1i h\u1ed1i qua \u0111\u00eam (v\u01b0\u1ee3t qua \u0111i\u1ec3m thanh to\u00e1n h\u00e0ng ng\u00e0y), b\u1ea1n s\u1ebd ph\u1ea3i tr\u1ea3 l\u00e3i cho \u0111\u1ed3ng ti\u1ec1n b\u1ea1n \"vay\" v\u00e0 \u0111\u1ed3ng th\u1eddi nh\u1eadn l\u00e3i cho \u0111\u1ed3ng ti\u1ec1n b\u1ea1n \"n\u1eafm gi\u1eef\".
    \nPh\u1ea7n ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t r\u00f2ng n\u00e0y s\u1ebd \u0111\u01b0\u1ee3c t\u00ednh d\u01b0\u1edbi d\u1ea1ng \"ph\u00ed qua \u0111\u00eam\"<\/strong>, h\u00e0ng ng\u00e0y s\u1ebd \u0111\u01b0\u1ee3c tr\u1eeb (n\u1ebfu l\u00e0 Swap \u00e2m<\/strong>) ho\u1eb7c c\u1ed9ng (n\u1ebfu l\u00e0 Swap d\u01b0\u01a1ng<\/strong>) v\u00e0o t\u00e0i kho\u1ea3n c\u1ee7a b\u1ea1n.

    \nHo\u1ea1t \u0111\u1ed9ng giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t:<\/strong> Khi th\u1ef1c hi\u1ec7n giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t, nh\u00e0 giao d\u1ecbch s\u1ebd ch\u1ecdn m\u1ed9t c\u1eb7p ti\u1ec1n t\u1ec7 m\u00e0 \u0111\u1ed3ng ti\u1ec1n h\u1ecd mua (v\u00ed d\u1ee5 AUD) c\u00f3 l\u00e3i su\u1ea5t ch\u00ednh th\u1ee9c c\u1ee7a qu\u1ed1c gia cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi \u0111\u1ed3ng ti\u1ec1n h\u1ecd b\u00e1n (v\u00ed d\u1ee5 JPY).
    \nNh\u01b0 v\u1eady, v\u1ec1 l\u00fd thuy\u1ebft, ch\u1ec9 c\u1ea7n h\u1ecd gi\u1eef v\u1ecb th\u1ebf \"mua \u0111\u1ed3ng ti\u1ec1n l\u00e3i su\u1ea5t cao\/b\u00e1n \u0111\u1ed3ng ti\u1ec1n l\u00e3i su\u1ea5t th\u1ea5p\" (v\u00ed d\u1ee5 mua AUD\/JPY) qua \u0111\u00eam, h\u1ecd s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c ph\u00ed qua \u0111\u00eam d\u01b0\u01a1ng, t\u1ee9c l\u00e0 ki\u1ebfm \u0111\u01b0\u1ee3c l\u00e3i su\u1ea5t qua \u0111\u00eam.

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    3. Hai ngu\u1ed3n l\u1ee3i nhu\u1eadn v\u00e0 thua l\u1ed7 c\u1ee7a giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t (r\u1ea5t quan tr\u1ecdng!)<\/strong> <\/h2>\n\u0110i\u1ec1u quan tr\u1ecdng nh\u1ea5t \u0111\u1ec3 hi\u1ec3u v\u1ec1 giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t l\u00e0: k\u1ebft qu\u1ea3 cu\u1ed1i c\u00f9ng c\u1ee7a giao d\u1ecbch ph\u1ee5 thu\u1ed9c v\u00e0o hai ph\u1ea7n, kh\u00f4ng ch\u1ec9 l\u00e0 l\u00e3i su\u1ea5t: 

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