Exchange rate

[The Theory]

It is $1=31 now. Even better rate by TransferWise. I just transferred some in case.  

[Skeptic7]

Only since the baht was "floated" in 1997. 

[Skeptic7]

On 6/11/2020 at 4:34 AM, KhunBENQ said:

Last time it fell to 29 and below was April 2013.

Technically, it fell into the 29s late last year, but only 2 days. 29.96 on 30th and 29.75 on 31st of December last year...2019. 

[Pib]

7 hours ago, Brunolem said:

Exactly!

There is less and less manufacturing in the US, and very little of it is exported.

 

To be fair, Trump is not the only one cheering for a lower dollar.

 

Major central banks are all doing their best to depreciate their currencies against the others, in a race to the bottom.

 

Trump believes that with all its oil (a pipe dream) and agricultural production, the US could basically live in autarky.

 

His only problem is that "they" won't let him repatriate all the legions stationed abroad, and an empire cannot live in autarky.

Trump has been flip-flopping on whether the dollar should be stronger or weaker....and standby for continuing flip-flops. 

 

https://www.scmp.com/comment/opinion/article/3084907/why-trumps-about-turn-us-dollar-right-money

 

Quote

 

Why Donald Trump’s about-turn on the US dollar is right on the money

• After months of bemoaning the strength of the greenback, the US president has good reason for now declaring his support for a strong dollar – he’s trying to shore up confidence in US paper as the Treasury goes on a borrowing spree

 

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