Baht What up with Dat?????

Apparently the exchange rate is as much to do with the british pound as the Baht and I am told that the pound is not all that good at the moment so part of the drop in exchange rate due to that . I gave up follwing the money market years ago but its what a uk source told me.. Also was passing the Bangkok bank yesterday and saw a notice offering 5.79 interest ,obviously not got any details but if its right without tying your cash up for years on end then its as good as you can get in the Uk on small ammounts. Will go find out more tomorrow anyway .

I get the impression that China is really driving most of the Asian currencies in reality. The increase as best I understnand it is not doing a lot for the export picture in Thailand. Defecit, nothing is going to happen with that until we are out of Iraq. Uncle Bill made some good moves on the defecit, but a large part of tha came from military cuts, not likely at the moment. Wouldn't particualry happy about it but I can survive thirty and still keep my annual, there aer a farrangs around that can't that would be very sad.

I wonder if this tend to run to the long term how many will move on whewre they can get moore bang for the buck. Don't see a lot of change in the Philippine peso for example.

I really don't see any benefit for the average Thai, am I missing something?

Thought this was intersting, if it's correct I won't be buying the new bike as quickly as I had planned

Thai baht, Friday, April 28 2006, 16:00 EST DST (2006-04-28 20:00 UTC)
Volatility, % 95% prediction interval
Currency = THB 1 Month 3 Months 1 Year 1 Mo low 1 Mo high 3 Mo low 3 Mo high
Australian dollar 28.378841 6.09 7.89 6.95 27.3394 29.6170 26.6937 30.6622
British pound 67.955841 6.62 6.67 6.30 65.2074 70.2785 62.9590 71.6792
Canadian dollar 33.410073 5.31 6.68 7.35 32.2294 34.7016 31.4305 35.7227

Euro 47.124273 7.52 6.95 7.07 45.1653 49.0430 43.7123 50.4153

New Zealand dollar 23.793384 10.69 11.14 8.91 22.0564 24.8066 20.4195 25.0285

US dollar 37.499800 3.66 5.34 4.70 35.7795 37.7026 33.6713 36.8673

Ray,

Possible to post the link where you got that info?

Thanks

Ross

Found it on a thread Thai Visa, somethign about I told you dollar was going down can't remember the exact title. Has the linki there I will try to find it but my adsl line has been going in and out all day.

And with Bush rattling his saber again, this time in the direction of Iran, I can't see how the US Dollar could get any stronger in the near future.

Well it stayed on line long enough so here you go

http://www.ratesfx.com/predictions/pred-thb.html

Ray,

Thank you for that. Makes interesting reading.

Ross

That's page looks like a very valuable resource.

If the predictions are even close, then the dollar's near-term future is grim.

Somthing tells me when the dollar gets low enough things will turn around there was a perido in the last few years where Bush refused to strengthen the dollar because it was creating a good export climate fro the states.

Isn't it odd how some family traditions carry on, Uncle George 1 said there was no problems with the economy, I believe during the first conflct. Cost him the election. Uncle George 2 slipped in for the second term and his idea seem to follow papas pretty close.

At some point America will take a nother serious charge at the deficit and thing will improve.

The one thing that is bothering me is I did a short stint Kuwait a fwe years back and the question them was when were we going in to Iran and that was before the nuceular ( how the heck do you spell that old age is hell )questions.

In all of our wars there have been those who became very wealthy, that has not changed. Unfortunately they have great connections and often looked upon as heros. While the average American does with our, anyone remeber the vistory gardens, I don't but I do know of them.

My biggest fear when we went into Iraq was that it wouldn't be limited engagement, and hence another Nam. We didn't understand that country and I doubt that we understand Iraq either.

I saw something where Americans are again starting the Anti war protests. so are we repeaeting history again. If so don't look for rises on the dollar anytime soon.


Sorry guy just think the politics in this case has a lot to do with dollars problems. I'm American and believe things will change. I just don't always believe we are right in out actions.

Wouldn't be great if China took over the role a big brother to the world, then it could always be wrong
It will be interesting to fllow that sites predictions and see just jhow accurate they turn out to be.

Just did a interesting check heck even the Kip is going up

Yeh poor things with the USD & Brit Pounds.. try exchanging the Aussie $ then you WILL cry in your beer!

Cheers!


Charley

Although our $AUD has been strengthening in the past couple of weeks against both the baht and the $US.

A couple of weeks ago I worked out the $AUD had dropped 10.2% against the baht and the $US 4.5%.

Now the figures are more like the $AUD 8.1% and the $US 8.6%

Be thankful you aint from NZ, last time I did the exercise they had dropped over 21%.

Ross

What I got from a reliable source was its (baht) at about it highest now, plus or minus, so figure $1 = 37.25 to 37.50 then moving UP - so time will tell

With the Kiwi $ it has been holding for the last couple of weeks. Dropped right down to 23 Baht but has slowly climbed back to just short of 24.

I guess you have to look at highs and lows. 5 years ago it was only 20 Baht to the Kiwi, and that was the price I become accustomed to. The 29 Baht at Xmas was a bonus, so the 23 to 24 range at the moment is still good money from my point of view. Plus I brought a heap of Baht at 28 in January when it was started going down for this years Thailand holidays. The ones who are probably feeling the pinch are those that set their future expectations on a low Baht market.