USD tanking against Thai baht.

[DeputyDavid]

Seems to be holding around 33 and a half.  Very nice.

[urleft]

Seems to be holding around 33 and a half.  Very nice.

Don't know if I am ready to say that.  Remember the 33 territory happened less than a month ago, during that time it shot up to 33.9 and back down under 33.  Then seemed to semi settle at 33.3. 

However, I will agree the Baht seems to settled in 33.

[urleft]

While not the USD, there may be continued trouble in store for the Euro.  Good luck to you guys. 


Stocks all over the world are dropping after Greek crisis talks fell apart in 45 minutes

http://business.financialpost.com/news/economy/stocks-all-over-the-worlds-are-dropping-after-greek-debt-talks-fell-apart-in-45-minutes


Will be interesting to see the affect on the Baht markets in the morning. 

[urleft]

Woooo, 33.93 to $1.     Hopefully 34 soon. 

[gotlost]

Xe 34.02

[urleft]

Can't get too much closer to 34 than this: 

[urleft]

Wooo Wooo, super rich just hit 34!!!!!!!!

[urleft]

Wow, almost all bank TT rates over 34 to $1.   

[KhunG]

Unfortunately I wired my 2nd half of the year funds last month.  Oh well.

[urleft]

Tough luck, some TT's rates are exceeding 34.20 to $1. 

But then it is a crap shoot on what rates you get because at least for me it can take several days for the transfer to become effective which is almost always a different rate than when you transferred (as in my last transfer it went down .010 baht). 

[gotlost]

TT 34.27  Xe 34.4185

[toffo]

Read the Financials and you will see that it's only going to get stronger.. SO is the British pound.. The General is doing a great Job in weakening the Baht.. Once the interest rates rise in your country it will be stronger..

[urleft]

Wow, Toffo seems to have nailed it, the rate is almost half way to 35:     Baht 34.47 to $1   

http://daytodaydata.net/



BTW, for any newbies I recommend you check out the link.  Switch to your currency, use notes to find what to expect to get for cash at exchange booths and banks, select TT to see what banks are using for ATM conversions.   IMHO super rich usually leads with what the rate will be and the bank TT rates will follow the next banking day. 

[urleft]

It is really amazing, the Baht tanked to 34 to $1 nine days ago and now is almost to 35.

Current high rates on notes from day to day is 34.85 to $1.  Hovering around 34.8 for TT. 

[toffo]

It ain't that Amazing.. Obviously you don't know what's going on in Thailand and your own country the U.S.  You would understand why it's rising if you did...