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toeknee
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I am planning another trip soon and am wondering if anyone has a take on what the future might hold regarding the strength of the dollar vs the baht. I was in Bangkok/Pattaya last year and the rate was 1:41. Currently it is 1:38. I realize the dollar has weakened significantly against most major currencies and am wondering if the outlook is as bleak for the baht. I usually do one Thailand and one Rio trip per year, but the real has lost about 15% vs the dollar in the past 6 months. All things being the same, if the baht is going to trend down as well, I might as well go to Rio as I live in Miami and it is about 12 hours closer. Any input from those of you financially/globbally connected would be much appreciated.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 2:30 pm on Feb. 6, 2005
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silentbob1234
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We still got Dubya in office...that should explain the fate of the dollar for the next four years.
Down...down...down...
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 2:34 pm on Feb. 6, 2005
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Mr Alan
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The baht will not likely to weaken much against most foreign currencies. If the baht weakens against the dollar, then it would be because the dollar has increased in value against most other world currencies.
Brazil is a special case.
For people who are sure about the fate of the dollar, you can easily make hundreds of thousands of dollars on currency futures with a relatively small investment. Of course, you could loose your ass also.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 2:57 pm on Feb. 6, 2005
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Broken Leg
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Economic situations in Brazil and Thailand are very different, currently about 20% interest rates in Brazil!!
The Baht is looking pretty good going in to 2005, hence the increase against the US dollar in the last few months
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 3:17 pm on Feb. 6, 2005
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yodsaker
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Toxin's big victory could hoist the baht as it will proclaim LoS open for biz in a clear fashion.
They don't like falangs but they lub big biz.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 4:34 pm on Feb. 6, 2005
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Mr Alan
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Quote: from yodsaker on 3:28 pm on Feb. 6, 2005
Toxin's big victory could hoist the baht as it will proclaim LoS open for biz in a clear fashion.
They don't like falangs but they lub big biz.
He doesn't want a stronger baht. That would make Thai exports more expensive and reduce jobs at home.
Many Asian countries, most notably China, have artificially low currencies to encourage exports, reduce imports, and increase jobs at home.
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 4:57 pm on Feb. 6, 2005
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Broken Leg
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Quote: from Mr Alan on 4:51 am on Feb. 7, 2005
Quote: from yodsaker on 3:28 pm on Feb. 6, 2005
Toxin's big victory could hoist the baht as it will proclaim LoS open for biz in a clear fashion.
They don't like falangs but they lub big biz.
He doesn't want a stronger baht. That would make Thai exports more expensive and reduce jobs at home.
Many Asian countries, most notably China, have artificially low currencies to encourage exports, reduce imports, and increase jobs at home.
The situation is not as Black and white as that. A strong Baht is in Thailands interest long term. Strong currency will temper growth and help to control inflation.
Whats key here is China and their US dollar currency peg in terms of Thailands international competitiveness. China will decide when it is the best time for china to revalue their currency as it moves from being an export driven economy to a consumption driven economy despite the usa's whingeing
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 4:28 pm on Feb. 7, 2005
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Noknoi
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We still got Dubya in office...that should explain the fate of the dollar for the next four years.
Down...down...down...
Please explain;
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Thai Girls : Meet Active Thai Girls
Posted on: 9:29 pm on Feb. 7, 2005
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DaffyDuck
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Quote: from Mr Alan on 4:51 am on Feb. 7, 2005
Many Asian countries, most notably China, have artificially low currencies to encourage exports, reduce imports, and increase jobs at home.
That will change when China decides to un-link their currency from the Dollar, which will strengthen their currency, weaken the Dollar, and encourage other asian countries to follow suit.
Now's a pretty good time to invest, based on knowing this will happen down the road.
*QUACK*
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Thai Women : Meet Matured Thai Women
Posted on: 9:30 pm on Feb. 7, 2005
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koolbreez
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With the budget news, and the oil cartel's price anouncements, the dollar is on the rise, at least as some expect, through the rest of the winter, and into the summer.
Same kind of pattern it followed last year.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 9:32 pm on Feb. 7, 2005
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