USD tanking against Thai baht.

[urleft]

No dramatic moves, but some decline in the baht, super rich at 32.6 to $1.   

[gotlost]

As I post..Xe 32.73  TT 32.61

[Voodoo]

A question for those that have been here for quite a long time... Any thoughts on how far the baht is going to slide?  What's your take on it GL?

[toffo]

The last time this happened it didnt effect it at all. Its not moving now also.. when the coup started the British pound was 54.6 and its still the same now... Coups dont seem to make the currency move that much...

[smoooth2]

A question for those that have been here for quite a long time... Any thoughts on how far the baht is going to slide?  What's your take on it GL?

Voodoo ... you might like to have a look at www.xe.com

It's a currency conversion website. They have a very useful graph of currency fluctuations between any two currencies you wish to choose.

You can choose any time period from 1hr to 10 years

Click on Tools ... then Currency Charts

Might give you an idea of what happened last time there was a Coup. Cheers

[Voodoo]

Thanks for the help Smooth2.. I'll check that site..

[gotlost]

A question for those that have been here for quite a long time... Any thoughts on how far the baht is going to slide?  What's your take on it GL?

It did not slide drastically in 06 and I do not see it happening this time.

As I post xe  32.73

[urleft]

I still believe someday the unsustainable Rice Subsidy is going to cause a major devalue in the Baht. 

[JasonB]

For you Urleft
http://www.nationmultimedia.com/business/Baht-unlikely-to-weaken-to-37-CLSA-30234340.html

[gotlost]

There maybe some more movement but as of now,not bad. Xe 32.77 TT 32.67

[urleft]

Will be interesting. I am transferring money to Buriram as I post this.  The rate at the bank is 32.77 for TT.

Now, just have to see how much they actually give me. 

[gotlost]

Will be interesting. I am transferring money to Buriram as I post this.  The rate at the bank is 32.77 for TT.

Now, just have to see how much they actually give me.

 

[urleft]

I would rather have waited to see how the baht does in the next few weeks.  Unfortunately 3 different credit cards refused a purchase, caused me to dip into my Thai money. 


Meaning I had to transfer funds this week,  however, the TT rate today is a lot better than several weeks ago.  So by waiting to transfer, I am going to do better. 

But I have no prediction on exchange rates as both Thailand the US are lying on international exchanges.

[urleft]

Baht has stregthened a bit to 32.56 to $1.   

Would have liked to get the rate in 32.7* area, unfortunately that happened at a weekend where I could not take advantage of it. 

However, I did get a rate of 32.66 to $1 which is  better than the 32.4 rates of just a few week ago.  That difference will pay for a few extra cases of Magners. 

[DeputyDavid]

Urleft, do you use BKK Bank for the transfer?