topfield Posted January 18, 2007 Share Posted January 18, 2007 After watching the baht stable all day at around 36 to the dollar I returned to check the rate at 6pm. Low and behold it had suddenly risen a full baht ot three percent ! The pound has dropped from 71 to 69 approx against the pound! This puts the whole economic policy of K.Tarisa and MR Tevakun in jeapardy and risks making then a laughing stock ! What to do : Go out NOW and buy baht before the rates change at the bank change offices. [ the private change offices will have already adjusted their rates] You will get a full three percent more baht on practically all currencies UNLESS most unusually, the Bot enters the market at the weekend to sell baht or introduces new stringent measusures 35.01 35.11 Live bid/offer rate at 6pm Thai time Friday Link to comment Share on other sites More sharing options...
lannarebirth Posted January 18, 2007 Share Posted January 18, 2007 After watching the baht stable all day at around 36 to the dollar I returned to check the rate at 6pm. Low and behold it had suddenly risen a full baht ot three percent ! The pound has dropped from 71 to 69 approx against the pound!This puts the whole economic policy of K.Tarisa and MR Tevakun in jeapardy and risks making then a laughing stock ! What to do : Go out NOW and buy baht before the rates change at the bank change offices. [ the private change offices will have already adjusted their rates] You will get a full three percent more baht on practically all currencies UNLESS most unusually, the Bot enters the market at the weekend to sell baht or introduces new stringent measusures 35.01 35.11 Live bid/offer rate at 6pm Thai time Friday Check again: http://finance.yahoo.com/currency/convert?...;amt=1&t=5d Link to comment Share on other sites More sharing options...
JacknDanny Posted January 18, 2007 Share Posted January 18, 2007 After watching the baht stable all day at around 36 to the dollar I returned to check the rate at 6pm. Low and behold it had suddenly risen a full baht ot three percent ! The pound has dropped from 71 to 69 approx against the pound!This puts the whole economic policy of K.Tarisa and MR Tevakun in jeapardy and risks making then a laughing stock ! What to do : Go out NOW and buy baht before the rates change at the bank change offices. [ the private change offices will have already adjusted their rates] You will get a full three percent more baht on practically all currencies UNLESS most unusually, the Bot enters the market at the weekend to sell baht or introduces new stringent measusures 35.01 35.11 Live bid/offer rate at 6pm Thai time Friday Great Info Except for the fact today is THURSDAY Link to comment Share on other sites More sharing options...
Mid Posted January 18, 2007 Share Posted January 18, 2007 don't you hate that ......................... Link to comment Share on other sites More sharing options...
JimsKnight Posted January 18, 2007 Share Posted January 18, 2007 Weekend mistake aside unless you are exchanging big four figure sums in $ or £ the money your making on 3% difference is negligable. In spite of this Topfield your zealous ways in spotting the spikes and issuing the call to arms remains commendable! Link to comment Share on other sites More sharing options...
britmaveric Posted January 18, 2007 Share Posted January 18, 2007 Bht will drop permanently - only a matter of time. Link to comment Share on other sites More sharing options...
lingling Posted January 18, 2007 Share Posted January 18, 2007 (edited) Probably just a bit of manipulation to make it appear strong by someone who is going to dump a lot of baht. Wait and see it swing in the opposite direction after the offload... Reminds me a bit of watching penny stocks. Edited January 18, 2007 by lingling Link to comment Share on other sites More sharing options...
dee123 Posted January 18, 2007 Share Posted January 18, 2007 the last crash i paid 2 thousand pounds to thai farmers bank in london and got 119 baht to 1 pound,.....if memory serves me it hit about 132 baht to the pound for a few hours. Link to comment Share on other sites More sharing options...
Lil_Jon Posted January 19, 2007 Share Posted January 19, 2007 This puts the whole economic policy of K.Tarisa and MR Tevakun in jeapardy and risks making then a laughing stock ! Haven't they already reached that status , is there still room for more ???? Link to comment Share on other sites More sharing options...
Gary A Posted January 21, 2007 Share Posted January 21, 2007 RIGHT! The baht has been rising like a rocket and falling like a rock since December. All rises and falls between 35 and 36 to a dollar. I really don't want to hold a lot of baht right now because I think the baht will drop in value sharply before too much longer. It seems like I don't have a lot of faith in the government at the moment. I HOPE I am wrong about the government but the baht at 40 to a dollar would be quite alright with me. Link to comment Share on other sites More sharing options...
OneeyedJohn Posted January 21, 2007 Share Posted January 21, 2007 Probably naive of me to think that whatever rate we are getting currently is perfectly OK. For as many years as I can remember coming to Thailand , it was always 20 to the dollar, and 40 to the pound. So what we get now is fine by me. Just a shame that a lot of what I bought in Thailand was at those old rates As mentioned elsewhere, I've perfected the art of losing money in Thailand, without the extra burden of monitoring exchange rates Link to comment Share on other sites More sharing options...
wintermute Posted January 21, 2007 Share Posted January 21, 2007 After watching the baht stable all day at around 36 to the dollar I returned to check the rate at 6pm. Low and behold it had suddenly risen a full baht ot three percent ! The pound has dropped from 71 to 69 approx against the pound!This puts the whole economic policy of K.Tarisa and MR Tevakun in jeapardy and risks making then a laughing stock ! How dare you question the Almighty Honorable Venerable Tarisa and Tavakun's economic policies? Don't you know they know more than the combined worldwide elite bankers put together times 10!! At least that's what it says in the Thai media. Link to comment Share on other sites More sharing options...
wintermute Posted January 21, 2007 Share Posted January 21, 2007 Bht will drop permanently - only a matter of time. Which will coincide with a future economic plummet based on decreased competitiveness from globalisation, lack of a stable government, corruption, and SE asian competition. I'm not even getting into the inevitable Chinese steamroller... Link to comment Share on other sites More sharing options...
cclub75 Posted January 21, 2007 Share Posted January 21, 2007 How dare you question the Almighty Honorable Venerable Tarisa and Tavakun's economic policies? Don't you know they know more than the combined worldwide elite bankers put together times 10!! At least that's what it says in the Thai media. Obviously a dream team... And if THB is increasing, then it must be because Miss "Doctor" Tarisa went to play golf instead of being in front of the keybord of her "Intervention-PC". Link to comment Share on other sites More sharing options...
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