USD tanking against Thai baht.

[nookiebear]

The GBP is well up on the Tory Election victory

[toffo]

They now want to weaken the baht to improve Exports and have said they are going to keep it weak til things improve.. So other currencies should remain strong but this is Amazin Thailand so you never know..

[urleft]

Rates are over 33.5 to $1. 

Getting better for pensions. 

Be prepared to ride the wave.  I did not plan to transfer more money until next year, but I am now considering it. 

[nookiebear]

Rates are over 33.5 to $1. 

Getting better for pensions. 

Be prepared to ride the wave.  I did not plan to transfer more money until next year, but I am now considering it. 

Next Year is a long way off Keith!!!!!!!!!!

[nookiebear]

The GBP keeps marching in the right direction!!!!!!

[urleft]

WOW, 33.7 to $1 

[nookiebear]

WOW, 33.7 to $1 

Could it be tied to the fact 15 USAF planes have been given permission to be based in Utapoa for 3 weeks??

[urleft]

WOW, 33.7 to $1 

Could it be tied to the fact 15 USAF planes have been given permission to be based in Utapoa for 3 weeks??

Doubt it, the ususal is sock it to US Servicemen, which means the exchange rate would be going in the opposite direction. 

[urleft]

http://www.bangkokpost.com/business/finance/559063/baht-sinks-to-weakest-level-since-2009


Baht sinks to weakest level since 2009

12 May 2015 at 13:59

The baht, Asia’s worst-performing currency of the past month, sank to its weakest level since September 2009 as global funds reduced holdings of the nation’s bonds. Overseas investors sold a net $82 million...
 
 


Please credit and share this article with others using this link:http://www.bangkokpost.com/business/finance/559063/baht-sinks-to-weakest-level-since-2009. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Post Publishing PCL. All rights reserved.

[nookiebear]

WOW, 33.7 to $1 

Could it be tied to the fact 15 USAF planes have been given permission to be based in Utapoa for 3 weeks??

Doubt it, the ususal is sock it to US Servicemen, which means the exchange rate would be going in the opposite direction. 

They could be here for longer than 3 weeks as Nepal has just suffered another big quake!

[DeputyDavid]

Thai Baht History
Early Currency in Thailand
Standardized factory minted coins and banknotes were officially issued for the first time in Thailand during the Rattankosin era; with paper money appearing in the form of royal promissory notes in 1853. This was soon followed by banknotes issued by foreign banks. In 1857, Thailand acquired its first minting machine and Thai silver coins began to be minted in the area. Coinage was streamlined in 1897, when the 11 denominations were simplified into two (satang and baht) under a decimalized silver standard system.
Introduction of the Thai Baht
Until 1880, the Thai Baht was fixed to the British Pound at a rate of 8 TBH to 1 GBP. This rate changed several times until the Baht was re-pegged to the Japanese Yen at par during World War II. After the war, the currency changed its peg to 20.8 Baht per 1 US Dollar, then to 20 Baht per US Dollar in 1978, and to 25 Baht in 1984.
Financial Crisis
In 1997, Thailand fell into financial crisis. The Baht lost half of its value prompting the adoption of a floating exchange rate regime. Since the economic collapse, the Thai Baht has stabilized.

Unofficially, the Thai Baht is used in Laos, Cambodia, and Myanmar.

(Borrowed from XE website.  Interesting.)

[urleft]

I was hoping we were going to zip into 34 to $1 territory, unfortunately things have slowed:


Bath is about 33.3 to $1. 

[CO-CO]

I was hoping we were going to zip into 34 to $1 territory, unfortunately things have slowed:


Bath is about 33.3 to $1.

I would suggest that most Americans are quite content with that number.

[gotlost]

I was hoping we were going to zip into 34 to $1 territory, unfortunately things have slowed:


Bath is about 33.3 to $1.

I would suggest that most Americans are quite content with that number.

BULL SHIT. Were a greedy lot. Come on 40-1.

[CO-CO]

I was hoping we were going to zip into 34 to $1 territory, unfortunately things have slowed:


Bath is about 33.3 to $1.

I would suggest that most Americans are quite content with that number.

BULL SHIT. Were a greedy lot. Come on 40-1.

I had this feeling that YOU might just appear GL!