GBP/TRY 25% 2.5k per lot monthly, Interest rate hedge in islamic account.

Constantino

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My idea:

The Turkish Interest rate is massive.

A sell GBPTRY position of 1 lot has a return of 80USD Daily! That's 2.5k a month!

However GBPTRY is extremely volatile and we might lose our money because of depreciation! So we HEDGE with another buy GBPTRY position.

However hedging with a buy GBPTRY position will lead to a negative interest rate of -80USD daily. So we open this buy GBPTRY position in an islamic swap free account.

What do you guys think?
 
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