| |
Mr Alan
|
Quote: from oex100 on 10:00 pm on Jan. 25, 2007
baht now @34 to the USD. it was about 40 a year ago. makes a big difference expense-wise.
anybody know if businesses have adjusted (lowered) their prices accordingly?
thanks.
Why would they adjust? The prices they pay for things in Thailand are the same, unless they happen to be buying things made in the US (not very likely). Biggest impact is probably on the airlines who buy Boeing jets.
It is possible that tourism from the US will decrease slightly, and that could put downward pressure on the price of hotel rooms; however, I would not count on it. But a decrease in tourism could also be blamed on the coup and bombings, just as much as the drop in the US Dollar.
|
Thai Girls : Meet Sexy Thai Girls
Posted on: 9:19 pm on Jan. 25, 2007
|
|
PussyLover 69
|
Report from The Nation dated Friday 26 January 2007 :-
Baht hits 34 to the dollar in offshore trading
=================================
Buoyed by the yuan's new high yesterday, the baht surged to 34 to the US dollar in the offshore market, underlining the futility of the central bank's drastic measures to rein in baht speculation.
Onshore, the baht ran up to Bt35.75, forcing the Bank of Thailand (BOT) to enter the market with baht sales to sap the unit's upward momentum.
Traders said dollar sales and the yuan's advances were both behind the rapid appreciation of the baht.
Despite the BOT's intervention to stabilise the baht, analysts asked whether now was the time for the authority to revise its policy to stem capital inflows.
The baht opened at 35.86, then sky-rocketed for the first time since the central bank introduced its draconian capital controls on December 19.
BOT Governor Tarisa Watana-gase said the offshore baht's dazzling performance had a psychological spill-over effect on the onshore market, despite their separation.
A commercial bank dealer said the baht shot up without looking back after piercing the technical resistance level of Bt35.90. Some investors, who had bought greenbacks at Bt36 expecting the baht to weaken further, due to the domestic political situation, dumped their dollars to cut their losses.
Exporters also kept cashing in their dollars, while importers stayed on the sidelines thinking the baht would gain some more.
"The market earlier did not think the baht would break 35.90. When it went through that level, it climbed up quickly and reached its strongest point at 35.75/35.78 in the early afternoon," the dealer said.
The BOT appeared to supervise the market via primary dealers when a big lot of dollar buying went through. The baht then settled at a more sustainable level of 35.75.
|
Bangkok Women : Meet Sensual Bangkok Women
Posted on: 12:53 am on Jan. 26, 2007
|
|
Broken Leg
|
Quote: from quack quack on 6:04 pm on Jan. 26, 2007
The Baht is now around 34.75 to the US Dollar.
nope, currently around 33.4
|
Thai Girls : Meet Sexy Thai Girls
Posted on: 4:25 am on Jan. 26, 2007
|
|
mansaturday
|
Quote: from quack quack on 12:04 pm on Jan. 26, 2007
The Baht is now around 34.75 to the US Dollar.
Any predictions regarding the Baht's performace vs the US Dollar over the coming six months? Can't find much on the net, although I've been burned every time that I adhered to "predictions" for stocks & currencies.
The Thai economy is expected to grow around 4.4% in 2007 - another "prediction".
Why bother?
All expectations - right or wrong - are included in the present price.
|
Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 9:14 am on Jan. 26, 2007
|
|
Loung Steeb
|
...the question is...."how much pussy to the baht??..
|
Thai Women : Meet Matured Thai Women
Posted on: 9:58 am on Jan. 26, 2007
|
|
madfrog
|
answer is....lesser and lesser
Bath going up 15% over the last few years and the girls asking now twice the "usual" price...
Madfrog
|
Bangkok Women : Meet Beautiful Thai Girls
Posted on: 11:46 am on Jan. 26, 2007
|
|
afm171
|
33 baht to the dollar? That sucks! I'm staying home...
|
Bangkok Girls : Meet Attractive Thai Girls
Posted on: 11:46 pm on Jan. 26, 2007
|
|
expatchuck
|
All I know is, the house I am building up-country is costing me some 16-20% more in terms of US dollars.
Really bad timing, but nothing I can do except to proceed and take my losses.
Oh well, I bought my other house at 45 to $1. I guess things even out somewhat.
|
Thai Girls : Meet Active Thai Girls
Posted on: 12:20 am on Jan. 27, 2007
|
|
shoke
|
This is taken from another thread, posted in October 2003
Taking a long view of this -
* the rate Thailand tried so valiantly and unsuccessfully to defend in the 1997 crash was 25, a controlled rate which had prevailed for some years;
* after the crash in 1997 it went to THB57/USD1;
* the THB then bounced back, in 1999 typically trading around the 35 level;
* in 2000 (mainly on USD strength) the Baht weakened into the 40s;
* on USD weakness we now see the present 39 rate.
My guess is the THB would retest the 1999 level at 35, but it is very unlikely to see anything near the 1997 level of 25. Much of the movement is not so much into the THB as away from the USD. If you're travelling in the next few months an alternative to consider is Euro travellers cheques.
A USD/THB 35 rate is still just a back-to-1999 figure, and Thai exporters will have to trim margins and/or costs to live with it.
But the market mood is against holding USD given its gaping twin trade/fiscal deficits. Thailand will cut interest rates further, but even so the bias for THB is up. Perhaps 31 is possible, given no policy changes in China or US, but reattaining 25 remains improbable.
Thai baht is a shallow currency pool by international standards, so if big players take an interest it can be relatively volatile.
For now, the rule of the past few years still applies - stay shy of USD.
|
Thai Women : Meet Matured Thai Women
Posted on: 1:07 am on Jan. 27, 2007
|
|
madfrog
|
Well, bahts is also appreciating compared to Euro, used to be 49/50 bahts per Euro, now it is more like 42/43 bahts per Euro...
Personally I have to combine this with the fact I earn most of my income in Dollars (that has lost 30% of its value over the last few years!I m on the process to limit my deals in USD, sorry but this currency is worth peanuts at the moment) and also have to pay 30% more to get the plane ticket to Thailand (use to be about 550 €, now its more like 730€)
Not good... 
Madfrog
|
Bangkok Girls : Meet Attractive Thai Girls
Posted on: 4:34 am on Jan. 27, 2007
|
|
| |
|
