topfield Posted February 1, 2007 Share Posted February 1, 2007 Hi friends, The US dollar rate set by K.Tarisa is 35.85 The offshore rate for the greenback is back up at 35 . The pound equivalent where the onshore rate is 70 , the offshore rate is now at 69 The reason for this dramatic change is a matter of speculation but its clear that it won't be long before there is again just one unified rate for the baht . Do readers have any theories as to the reasons for this convergance and whether the onshore rate could now weaken also ? Link to comment Share on other sites More sharing options...
steveromagnino Posted February 2, 2007 Share Posted February 2, 2007 Hi friends,The US dollar rate set by K.Tarisa is 35.85 The offshore rate for the greenback is back up at 35 . The pound equivalent where the onshore rate is 70 , the offshore rate is now at 69 The reason for this dramatic change is a matter of speculation but its clear that it won't be long before there is again just one unified rate for the baht . Do readers have any theories as to the reasons for this convergance and whether the onshore rate could now weaken also ? someone has figured out how to arbitrage the difference, and so the opportunity is going away. Or speculation decreasing on one side, to balance. Truly fascinating. Right up there with reading porn on the net. Link to comment Share on other sites More sharing options...
calibanjr. Posted February 2, 2007 Share Posted February 2, 2007 Jeez, and I thought Bourse Topfield had gone missing! Link to comment Share on other sites More sharing options...
buriramboy Posted February 2, 2007 Share Posted February 2, 2007 since when is the $US rate set by Tarisa? Link to comment Share on other sites More sharing options...
samran Posted February 2, 2007 Share Posted February 2, 2007 Hi friends,The US dollar rate set by K.Tarisa is 35.85 The offshore rate for the greenback is back up at 35 . The pound equivalent where the onshore rate is 70 , the offshore rate is now at 69 The reason for this dramatic change is a matter of speculation but its clear that it won't be long before there is again just one unified rate for the baht . Do readers have any theories as to the reasons for this convergance and whether the onshore rate could now weaken also ? someone has figured out how to arbitrage the difference ...which probably didn't involve flying down to Singapore with 1000 baht note in pocket and flying back to change the Sing dollar back into baht. Link to comment Share on other sites More sharing options...
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