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amerasian

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Posts posted by amerasian

  1. The weaker THB means more money in volume from every country. Into Thailand through every specter, export, tourism, foreign investment, more money gets around to the working people not just the ultra rich Bankok Elite.

    For example the family who could afford maybe a two week vacation is more likely to spend more money on a three week vacation. That thai furniture is now affordable and competitive in overseas markets. And every agricultural product in Thailand competes with Cambodia,Myanmar Laos, now all those products are more competitive in the foreign market and will sell better. Everything made in Thailand becomes a better competitor on the foreign Market.

    For example Thai Silp a 70 yo silk exporter with over 2000 employees was forced to close because it was no longer competitive on the open market, this happened with hundreds of very well known and quality Thai companies....I think 40 THB to the Dollar is a good equitable exchange rate on the open market.

    At 30 THB to the dollar the only people making money are people worth millions of THB doing day trading on the stock market. That's a fact.....

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