Baht is headed South again

by **nkstan** » April 7, 2011, 5:23 pm

Touched 30.03 to the USD today!Down everyday for the last week or so!

by **gudtymchuk** » April 7, 2011, 5:42 pm

Yep, noticed this trend too.

by **Laan Yaa Mo** » April 7, 2011, 6:56 pm

Here in the Great White North, we are getting 31.10 baht/dollar. Meanwhile, we are up vs. the greenback too, at $1.04+.

by **erik1** » April 7, 2011, 9:42 pm

define south

for the euro it has been steadily improving

by **Bandung_Dero** » April 8, 2011, 4:13 am

WRONG ---- It's the USD heading south the Baht is still reasonably stable against other major trading currencies.

The AUD has reached the highest value against the USD since it floated in 1983 but still trading around 31 Baht.

by **douglas** » April 8, 2011, 10:05 am

Hi,
Ban. you are right. Sterling is now over 49B to the pound from it's low of 45B, hope it keeps going that way. If we can get back to at least 56B to the pound i will be a happy chappie. Maybe i'm asking to much.

by **arjay** » April 8, 2011, 10:16 am

Yes, I see it as the Dollar is weakening, the Euro and the Pound strengthening.

by **Aardvark** » April 8, 2011, 10:38 am

Yep, it's definitely the Greenback that's going South. Economists here have predicted the Aussie will hit $1.10 by the end of the year before falling back to about 99cents. We'll have to wait and see !!

by **nkstan** » April 8, 2011, 10:54 am

South=less baht for the USD!Same trend continuing,hit 29.86 today.You are all correct it is the USD that is weakening and ,as I believe,will continue to weaken after a a short time of stabilizing above 30 and breaking the trend downward.Maybe the BOT caused that and have decided to let in slide for awhile.I can see 27-28 before the year end ,if allowed to continue!

by **Tafia** » April 8, 2011, 12:15 pm

douglas wrote:Hi,
Ban. you are right. Sterling is now over 49B to the pound from it's low of 45B, hope it keeps going that way. If we can get back to at least 56B to the pound i will be a happy chappie. Maybe i'm asking to much.

Doug
That would be very nice, isn't it strange how we cried when it dropped below 60 and we now smile when it rises above 50!

by **Aardvark** » April 8, 2011, 1:15 pm

Hey Taf, I'd run through the streets of Udon naked if the Aussie ever got to 50, oops =P~

too much information :razz:

by **Tafia** » April 8, 2011, 11:30 pm

Aardvark wrote:Hey Taf, I'd run through the streets of Udon naked if the Aussie ever got to 50, oops too much information

Haha
Well there's more chance that you will be be doing it before us...

by **nkstan** » April 9, 2011, 10:07 am

Closed at 29.92 to USD.It will be interesting to see if it ever goes above 30 again or if we can rule the 30's out for this year and possibly forever! :roll:

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