USD tanking against Thai baht.

[JasonB]

Ha Ha Nookie,I knew that would get you in Mate

[urleft]

Wooo Wooo,

Super Rich just posted the baht 30.02 to 1 USD (for a C note) 

Maybe will celebrate with a Magners at the Irish Bar, try to help him stay open. 

[DeputyDavid]

Excellent news. I believe it closed at 30.130 today, moving in the right direction.

[gotlost]

Excellent news. I believe it closed at 30.130 today, moving in the right direction.

Has not closed still trading.. KT on TT @ 30.01   SR BK on USD @ 30.08

[urleft]

According to Bloomberg things maybe getting better for us Yanks  :

http://www.bloomberg.com/news/2013-05-29/thai-baht-weakens-to-four-month-low-as-interest-rate-cut-seen.html



Thai Baht Weakens to Four-Month Low as Interest-Rate Cut Seen

By Yumi Teso - May 28, 2013 9:21 PM CT



Thailand’s baht dropped to a four-month low before a review today at which the central bank is forecast to cut borrowing costs for the first time since October.


The Bank of Thailand will lower its one-day bond repurchase rate by a quarter of a percentage point to 2.5 percent, according to 15 of 24 economists surveyed by Bloomberg. One predicts a half-point cut and eight see no change. The Dollar Index, which tracks the greenback against six major counterparts, rose for a second day after a report yesterday showed U.S.consumer confidence is at a five-year high.

“The rate cut will put some more downward pressure in the short term on the baht,” said Hideki Hayashi, a researcher at the Japan Center for Economic Research in Tokyo. “There’s general dollar strength supported by the good U.S. data.”

The baht fell 0.5 percent to 30.15 per dollar as of 8:45 a.m. in Bangkok and touched 30.16 earlier, the weakest level since Jan. 15, according to data compiled by Bloomberg. The currency was poised for a second monthly decline, falling 2.7 percent in May.

There is a risk the baht could fall to 30.5 per dollar if the central bank cuts by more than 25 basis points, according toPaul Mackel, HSBC Holdings Plc’s Hong Kong-based head of Asian currency research. A bigger rate reduction would be taken as“quite an aggressive sign” that the monetary authority is still concerned about inflow pressures and the strength of the currency, he said yesterday.

[gotlost]

SR.   USD 30.12, BB TT USD 30.03

[urleft]

Life is getting better for Americans, all banks have the USD over 30 baht to 1.  TT rates are even better. 

Super Rich just posted the baht 30.38 to 1 USD (for a Benjamin)

[DeputyDavid]

Outstanding!

[urleft]

The untanking continues.  Approaching 31,


Super Rich just posted the baht 30.78 to 1 USD (for a Franklin).    Almost all markets are above 30 until you start exchaning $5 notes. 

[gotlost]

The untanking continues.  Approaching 31,


Super Rich just posted the baht 30.78 to 1 USD (for a Franklin).    Almost all markets are above 30 until you start exchaning $5 notes.

I only deal in C-Notes...

[nookiebear]

Even the GBP has risen quite sharply in the last week or so!

[urleft]

This is having an immidiate impact for some of us.  I used the ATM from my US Bank on May 20 and again yesterday, the USD difference was over $20, easily enough for another case of Leo. 

[nookiebear]

This is having an immidiate impact for some of us.  I used the ATM from my US Bank on May 20 and again yesterday, the USD difference was over $20, easily enough for another case of Leo. 

Use your spellchecker Keith!

[urleft]

I am starting to notice a pattern on the rates, the exchange is very close to 31 for a USD (Super Rich 30.9).   It appears the rates seem to fall on weekends and rise around midweek (like today Wednesday).  Last week the Baht was also at 30.9 at midweek, but fell to 30.4 on Sunday.

You might consider exchanging your money on Wednesdays. 

[DeputyDavid]

Good point.  I'm sending some money tomorrow... Wednesday here