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ItaliaThug
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The US dollar is starting to become a Joke. I am extremely confused how 1 dollar can only be worth 29 Baht. if the baht ever gets under 20 to the dollar, I would expect this to adversely effect how many punters visit BK. 4000 for short time equals 137 dollars.
If your a fat disgusting, balding git; you might still pay that, but I for one, would not.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 8:59 am on Dec. 27, 2007
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Mr Alan
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Quote: from ItaliaThug on 11:14 am on Dec. 27, 2007
I am extremely confused how 1 dollar can only be worth 29 Baht.
Before the Asian currency crisis about 10 years ago, the US dollar was worth about 25 baht.
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 9:34 am on Dec. 27, 2007
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atl
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Ital,
the figure of 30.something is offshore... and when I check on other exchange websites that seems to be correct...
but as EPC pointed out (and I think is what concerns most of us)..is that on bangkok banks site if you exchange $100 you will get 33.something....and I assume when you withdraw from an ATM (which is the case with me) it will be in that ballpark..
either way, 33.something sucks donkey dicks and our dollar is not holding up against anybody else either..
atl
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Thai Girls : Meet Sexy Thai Girls
Posted on: 9:46 am on Dec. 27, 2007
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thailife
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Mel,
Your naivete is showing.... I have been involved in the financial markets for over 20 years. I am not a currency trader but know the market well.
Forget onshore/offshore. Simple- when in Thailand, you get onshore rate. When not in Thailand, oyu get offshore. The offshore rate is totally illiquid. If you try to exchange ANY currency in the U.S. you will get a bad rate. It's called trying to make money. A currency dealer needs to make a spread. The Baht has a quoted rate offshore because they govt. got tired of the appreciation of the Baht and put I their own rates, think of it as a semi fixed rate and they let the offshore rate do what it wants. A way of 'slowing down' the Baht.
For all the dollar haters out there, I would suggest you pull up long term charts of the dollar and you will see the huge multi year cycles.
To answer another comment about what the old rate was at 20 0r 25 baht to the dollar, it doesn't matter.... you are looking at the wrong matrix..... The Baht could be 10 to the dollar, but what counts is what a dollar will buy you in Thailand. If a hotel roon is 200 baht a night, it doesn't matter if the Baht is 20. But if the hotel room is 4,000 Baht a night and the Baht is 30, you feel the pain, so the rate doesn't matter, it's your purchasing power.
Please let that sink into your head.... PURCHASING power, not exchange rate.
Right now it's the worst of all worlds..... high non core inflation and a bad exchange rate.
But all trands change... I have laid it out before, the dollar is at about a low now, look for a strong dolla rreversal this year against the Euro and Pound. The Yen is a different animal with near zero interest rates and the carry trade. Asian currency's will counter tred this year also. I will put on a trade in 08 on this premise.
Mel,
Paper trading is not trading since you can't make or lose money. Paper trading and 'make' $600k simply mean you had some time to kill on your computer.
Oh yes, I forgot, the more liquid the security or currency, the tighter the spread. Mel, that means the spread between the bid and ask gets more narrow the greater the liquidity.
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 11:41 am on Dec. 27, 2007
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ItaliaThug
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Quote: from thailife on 2:56 am on Dec. 28, 2007
Thailife, thanks for the advice.
THUG> How much for a short time, Rainbow 1 dancer?
RB1 Dancer > 2500 Baht
THUG > Dont you know the US Dollar is only trading at 21 Baht to dollar
RB1 Dancer > I have no idea what that means, I go with you for 2500. Thats always my rate.
BG's are too stupid to know about exchange rate fluctuations, bro. When you come up with Plan B, let me know.
THUG
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 12:05 pm on Dec. 27, 2007
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factorx
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Oh, when attempting to compare historical rates with present rates, get the correct inflation rates and convert everything to a base-year for higher accuracy.
Alternatively, have enough money to not worry about rates.. for now at least.
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 3:36 pm on Dec. 27, 2007
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atl
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factor wrote:
Alternatively, have enough money to not worry about rates.. for now at least.
________________________________________
its funny, I have a great story of your point (not really on topic but maipenlai.)
I had just gotten back from a horrible 5 hour bus ride from mrs atl's nakon sawan on the last trip got in horrible traffic from mo chit bus station....dont ask me why I didnt go to big C and get a taxi????
anyway, I tell the driver to go to soi 4 and I go to dynasty which is under construction and full...at this point I just wanted to shower and crash for a few hours..so I walk across to nana hotel..
I am checking in and this american guy is in front of me in line...and just absolutly pissed off...he threw is bag down and was yelling..."I was told by a good friend that it was 20 dollars a night to stay here!"
he said it over and over...finally he let me go ahead as he ran his fingers thru his hair and was steaming..I book a room at whatever rate and get my key..but am perplexed by what will come of this guy...
so a manager came out and spoke with him politley..and he again got enraged and said "I dont have a good feeling about this place anyway goodbye!"
I thought to myself if you are really gonna bitch over like 10 bucks a night difference then why even bother with a vacation?
I mean you should be prepared..its your holiday and you are here to have fun..dont come with bare bones money unless you are a 20 year old backpacker..
anyway..your post brought back that memory..
who it sucks for the most for is ex-pats living on pensions, people that the low dollar effects thier biz, dudes like me trying to build a home in thailand and those sending money back..but if its your on a holiday I would hope you would plan better to make your trip as fun as possible..
come on seriously even if you are on P4P mission show some class and dont be a cheap charlie..we can all bitch and moan (as I do alot) but if you cant afford it dont go..
my 2 cents,
atl
ps..33.something still sucks 
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 7:29 pm on Dec. 27, 2007
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badfishlbc
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I don't know if this has been mentioned but MP prices seem to have adjusted for the slide of the dollar. I'm no fishbowl pro but I've gone with friends to the MPs several times already. Overall the prices seem to have dropped and my friends agree...
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Thai Girls : Meet Active Thai Girls
Posted on: 7:47 pm on Dec. 27, 2007
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shoke
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It is a policy of the incoming PPP government to abolish the two-tiered exchange rate.
If invoked, this would mean the on-shore THB/USD rate would strengthen and the off-shore rate weaken.
Maybe in the high 32s initially for on-shore, and with inflation a problem this may be desirable. Exporters will need to work harder on productivity and become less reliant on an artificially low exchange rate for competitiveness.
However, some other PPP economic policies may work in the other direction in the longer term, if enacted.
On balance right now, it makes sense to lock in THB at the present on-shore rate around 33.6.
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Thai Women : Meet Matured Thai Women
Posted on: 8:07 pm on Dec. 27, 2007
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Mel Gibson
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thailife,,, amusing post, I've tried to resist replying but it's just TOO easy.
Where to start?,perhaps at the beginning,
Quote from thailife, to Mel "Your naivete is showing.... I have been involved in the financial markets for over 20 years. I am not a currency trader but know the market well. "
Ok,,thailife thinks I am naive,,,naivety would be my preferred spelling,,bu that is not really important.
Now that we are made aware of thailifes' 20 years in financial markets he STUNS us with....."Simple- when in Thailand, you get onshore rate. When not in Thailand, oyu get offshore rate". 20 years experience is now telling us ONSHORE=ONSHORE and OFFSHORE=OFFSHORE,I'm impressed.
This is followed by thailife rambling about moneymaking by exchangers in the USA.
Now thailife yet again STUNS us with his knowledge built over 20 years in financial markets,,QUOTE " A currency dealer needs to make a spread."
WOW, I would never have guessed they worked to make a profit and they would do that by having a "spread" I must rethink.
Now we get some more LESSONS from the master,,Quote from Thailife,, "For all the dollar haters out there, I would suggest you pull up long term charts of the dollar and you will see the huge multi year cycles."
Now I am truly impressed, almost astonished that thailife in ONLY 20 years in financial markets has assessed that currencies change in value, up and down.
I would never have guessed. Next you'll tryand tell me the world is round,,HERETIC.
Now, the obvious genius, thailife adds, QUOTE "Please let that sink into your head.... PURCHASING power, not exchange rate."
Shit, I would never have thought of that? So if we get a decent room at 200BAHT and the exchange rate is 20 then we are only really paying US$10 for the room,,,Your a MAGICIAN as well as having 2o years experience in financial markets, a 200 BAHT room,where?, let us know the location and if is 5star.
ROFLMAO
I need to refocuse,,,laughing too much,,,,,
Mel
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 4:56 am on Dec. 28, 2007
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