USD tanking against Thai baht.

[toffo]

Or maybe the Thai Government are about to report losses of 1 Trillion Baht from the Rice scam..

[Voodoo]

Could be but then why aren't the British Pound and the Euro taking off he same way?  Once the euphoria from the election wears off I think you'll see things settle down again.. Right now there's a tremendous amount of hope, in the States, that the Republicans can turn things around.. Let's hope so.. They won.. Now it's put up or shut up.. That's also the case for Mr. Obama.. If it all stagnates again it will be because it's been stopped at his desk, not Harry Reid's.. The phrase of the day is ... Cautiously Optimistic...

[urleft]

Wow, falling more.   From basically 32 to $1, now at 31.75 to $1.   


Unless the TMB stops being spastic. 


As I said, I am planning a December Transfer. 

Its not looking good at this end.     Why December Urleft?

Just to mention, the latest rate is 32.83 to $1.   I expect to do a transfer next week, if I am lucky maybe I can get 33 to $1. 

[urleft]

Woooo Wooo, super rich just posted 33.02 baht to $1.     

The Thai Bank TT rates are note there yet, but hopefully soon: 

[iammike]

Hi,

I don't if it is the same but the TT Rate for the dollar from Bangkok Bank was this morning at 8:30 32.90.

[gotlost]

TT 32.97 SCB Xe 33.09 SR in BK on C-note 33.02

[urleft]

Well last month the rates almost hit 33 to $1, but has since been in a downturn, generally about 32.5 to $1. 


What is interesting is that about the same thing happened last year at about he same time frame with the baht getting weaker in the spring. 


Still much better than two years ago when the rate was 28 to $1

[DeputyDavid]

Hopefully will rebound in summer.   

[DeputyDavid]

32.55 to 1 USD.  Getting back up there.

[urleft]

Not sure why but most banks rates are under 32 to $1. 

[davureborn]

http://www.marketwatch.com/story/stock-market-crash-of-2016-the-countdown-begins-2015-02-25
He predicted the 2008 crash. People generally snigger when I say buy gold. Buy gold, at least 10% of your investment. Don't 'buy' a house in Thailand.

[urleft]

There's been a recent upswing in the exchange rate for the USD, getting close to 32.6 to $1. 


Here is a possible explanation:


Dollar Hits Fresh Highs Against Euro, Yen
Traders say Greenback Being Bought Ahead of Next Week’s FOMC meeting

http://www.wsj.com/articles/dollar-hits-fresh-highs-against-euro-yen-1425961055
 
 
For those that don't know FMOC means
 Federal Open Market Committee 
and is scheduled for 17-18 March

[toffo]

The Euro is sinking because of Greece nothing else... Even the pound is at a 6 year high v the Euro

[toffo]

Gold is sinking because of the reason you quoted   Which is great :-)

[urleft]

Wow, exchange hitting 32.8 to $1.    Time to transfer.