Baht What up with Dat?????

Your Kiwi $ generally tracks ours to a point so by the $A holding its own we have held up together.

But I do agree with you in your comments. I always used.. many years ago... work on 20 baht to the dollar having seen as low as mid 16's say 20 years ago. Even in 2002 I think ours was around the 23 mark so the 30.8 I got early December was a huge bonus.

I was working on 30 to the $ when doing my retirement sums so dropping to nearly 27 wiped out over 10% of my available income and made me reassess my plans. In the end I've decided to try and bumble through realising that these fluctuations will happen and generally even out over time.

Against that, the Australian sharemarket has been flying and 1 of my funds has stacked on 40% in the past 11 months so its win a bit lose a bit for me. Thank you BHP.. my upcoming retirement can in part be attributed to you.

Ross

Yeap I'm buggered if I know Ross. We are getting the same gains here (shares and company gainshare from NZ$ down = exports increase value = company profit increase), so the exchange rate does not worry me, with it sitting where it currently is. Plus the big ticket items in Thailand (house and land) have been paid for at exchange rates in our favour.
Its Thai girl who is a bit miffed at the whole thing as it is her personnel responsibility for the thai family monthly costs, so its her income that will take a hit in another two months when the Xmas Baht buy up runs out.

Looks like the dollar and pound got a little stronger in the past few days, should be interesting to see how accurate the projection from the chart turns out to be.

Haven't got a clue as to why

Yes, the pound has moved up quite well against the dollar over the last few days. It's currently at 1.84875. But not so much against the baht, which is currently at 69.74. I need it to be back to the old 75 baht to the pound.

Well lets hope, would be nice

I see this morning the Pound has reached 1.85 US$ dollars and 70 baht. Progress is being made!

The dollar baht rate I believe is about 37.5

And the $AUD crept up over 29 last night and is nearly 77 cents to the $US.

Was watching a TV show last night where they showed the progress of our dollar against the $US. At one stage, ok many years ago, it was $3.50 US to 1 $AUD. I remember getting $1.20 US for an aussie in the mid 70's but also remember it dropping to 47.5 cents a few years ago.

There may be a little pain at the moment but these things seem to even themselves out over time.

Ross

by Bloomberg today, the baht is at 37.81 to the USD up +.06

04/29/2006 37.53150
04/30/2006 37.68990
05/01/2006 37.690
05/02/2006 37.51860
05/03/2006 37.60570
05/04/2006 37.63820
05/05/2006 37.81540


FX a few mins ago, not bad

What the BOT

is doing - from The Nation

Lost me on that one but thats really nothing new

Well from what I see the dollar is not doing that well this year, last year on this date we were at 41, today 38. Still not enough to really effect me but certainly not as good either

May not be a good year to save for a new motorcycle:

Conversion Table: USD to THB (Interbank rate)

Time period: 06/29/06 to 07/05/06.
Daily averages: 06/29/2006 38.46550
06/30/2006 38.46690
07/01/2006 38.24580
07/02/2006 38.270
07/03/2006 38.270
07/04/2006 38.11880
07/05/2006 37.94750

You know fortunately the only apect of my lifestyle that this effects, is the amount of new toys and savings are a little less. So I'm still very lucky.

I'm begining to feel like I actually have a gun on my back when I purchase fuel. Even the Thai small buinees are ahving to raise prices transportation costs are simply sky high. The part I'm having a hard time graping is, the oil companies are declaring huge profits, so is the increased costs real or a manipulation wiht the world paying for it.

It would seem to me that large portion of money should go to further exploration and altenative fuel research. I'm a usual probably missing something but I don't see it.

Iraq is obvioulsy hurting the dollar, there are huge sums spent in the region, to a select few companies. Hope a solution is found soon.

The dollar was strong when the defisate was attacked, days gone now.