U.s. Dollar

[barryofthailand]

As the United States Dollar strengthens against the Thai Baht we are on the verge of 32 Thai Baht to one U.S.Dollar.

Does anyone think their might be a chance of 35 Thai Baht to one Dollar by the end of the year?

Barry

[OZEMADE]

As the United States Dollar strengthens against the Thai Baht we are on the verge of 32 Thai Baht to one U.S.Dollar.

Does anyone think their might be a chance of 35 Thai Baht to one Dollar by the end of the year?

Barry

Not a chance as the housing sales just went down 20% and if you look at the exchange rate it is only 30.45 now and the price of oil just went up again.

[MisterFingers]

When the fundamental conditions are right for a long term rise of the dollar, it will rise quickly.

This is because the dollar has been falling so far for so long that people are going to say, "It's finally turning around." And like gold, this rise will be real and unstoppable like a freight train.

A lot of the smart people will quickly buy dollars to profit from it's inevitable long term rise, which will make it have an initial snowball effect with tremendous short term gains.

However, we have yet to see the fundamental conditions being set for this gain.

And I have no idea when it will, but many think it's not immediately imminent or we would already see dollars being bought.

But when it does happen, I predict the dollar will gain five or more baht within a couple of months.

[britmaveric]

40-42 range by the end of the year.

[Prakanong]

40-42 range by the end of the year.

Yup - and it will be snowing in Bangkok at Christmas

[toptuan]

40-42 range by the end of the year.

Yup - and it will be snowing in Bangkok at Christmas

Yup - and I'd welcome both!

[kurgen]

40-42 range by the end of the year.

Dollars to the Baht

[barryofthailand]

As the United States Dollar strengthens against the Thai Baht we are on the verge of 32 Thai Baht to one U.S.Dollar.

Does anyone think their might be a chance of 35 Thai Baht to one Dollar by the end of the year?

Barry

Not a chance as the housing sales just went down 20% and if you look at the exchange rate it is only 30.45 now and the price of oil just went up again.

I believe you stand corrected on your exchange rate as Bloombergh has it at 31.97 Baht to one U.S.Dollar. As I stated on the verge of 32. This has nothing to do with the housing market or the price of oil.

Barry

[wilko]

looking at the US economy and th world economy can anyone suggest why the US dollar would increase in value against any currency in the foreseeable future?

[barryofthailand]

As the United States Dollar strengthens against the Thai Baht we are on the verge of 32 Thai Baht to one U.S.Dollar.

Does anyone think their might be a chance of 35 Thai Baht to one Dollar by the end of the year?

Barry

Not a chance as the housing sales just went down 20% and if you look at the exchange rate it is only 30.45 now and the price of oil just went up again.

I believe you stand corrected on your exchange rate as Bloombergh has it at 31.97 Baht to one U.S.Dollar. As I stated on the verge of 32. This has nothing to do with the housing market or the price of oil.

Barry

Now that the U.S.Dollar Versus the Baht has reached 32.355 I predict the rise to 35 by the end of the year.

Barry

[geoffphuket]

I'd have thought it more likely to fall again as those that have just benefited by the gains of recent days take their profit.

[britmaveric]

Things looking up - predict it will rise and oil will lower prior to yank elections.

[george]

BoT: Baht softens temporarily

BANGKOK: -- An ongoing softening of the Thai currency, the baht, against the US dollar is expected for a short-term basis while inflationary rate in Thailand is projected to continue rising on the back of increasing in oil and commodity prices, Bank of Thailand (BoT) governor Tarisa Watanagase said Tuesday.

Mrs Tarisa told participants attending a Euromoney fair that the baht which had fallen to about Bt32.20 against the dollar on the onshore market now was considered lowest in the past two-and-a-half-month but the impact was still not too serious.

There are still both buying and selling of the dollars by importers and exporters and the weakening of the baht would be temporary, said Mrs. Tarisa. The central bank will monitor the movements of the baht to ensure that it is not soften or strengthen too fast and the currency must move within the market demand and supply.

On Thailand's economy, she said it grew more than 6 per cent during the first quarter this year with investment expanded 7.2 per cent during the period, exports up 21 per cent and the current account enjoyed a surplus of about US$3 billion.

This year, the country's current account is expected to enjoy a surplus of around US$4-7 billion due to disbursement by the government, said Mrs Tarisa. The government-sponsored mega-projects will also help stimulate private investment in future.

Inflation last month rose to 6.2 per cent as global oil prices continued increasing, she said, adding that the BoT would follow movements of goods prices closely.

Meanwhile, Deputy Prime Minister and Industry Minister Suwit Khunkitti said he was confident economic growth during the second half this year would surpass the first half on the back of solid economic fundamentals and fine investment atmosphere.

The World Bank has now ranked Thailand 15th out of 178 countries among the most attractive countries for investment and the government will adjust investment regulations to facilitate foreign investors, said Mr. Suwit.

He said the government has projected to invest on improving infrastructure at US$66 billion between 2008-2011.

-- TNA 2008-05-13

[wca01]

Later this year the $ will tumble again!

WCA

[timekeeper]

Later this year the $ will tumble again!

WCA

i think so too

[Ubon9]

US take payment for oil in dollars they are recruting back a lot of $ and by beginning of 2009 they will make the $ jump Up.

(government they don't care much about people not able to pay for theyr house,but they care about rich people having billion of $ in cash and losing buying power in the world).

[swain]

The dollar will continue to rise into the new election... and with oil drilling improvements ... vast oil fields that were considered unreachable and over priced to extract (70 dollars a barrel) will now be tapped. With access to this vast oil source the USA's dependency will be eliminated and prices will plummet. This is good for the economy but bad for the planet as we will slow our process of looking for alternative power sources. One good note... it looks like a Democrat will be in office when this information is announced so, as this is always the case, they will assume credit for this boom extending the democrats stay in power for up to 10 years. With this surge in confidence and with a good leader in office maybe we will get a piece of the American dream back.

Edited May 14, 2008 by swain

[Mobi]

The dollar will continue to rise into the new election... and with oil drilling improvements ... vast oil fields that were considered unreachable and over priced to extract (70 dollars a barrel) will now be tapped. With access to this vast oil source the USA's dependency will be eliminated and prices will plummet. This is good for the economy but bad for the planet as we will slow our process of looking for alternative power sources. One good note... it looks like a Democrat will be in office when this information is announced so, as this is always the case they will assume credit for this boom extending the democrats stay in power for up 10 years. With this surge in confidence and with a good leader in office maybe we will get a piece of the American dream back.

Who might that be?

[swain]

ahhh well... I talked about it before and was shut down by the mods... so I wont go there...

[timekeeper]

ahhh well... I talked about it before and was shut down by the mods... so I wont go there...

you might guess from my avatar who i favour..........

[bazmlb]

Moved to a more relevant forum

[VegasVic]

As the United States Dollar strengthens against the Thai Baht we are on the verge of 32 Thai Baht to one U.S.Dollar.

Does anyone think their might be a chance of 35 Thai Baht to one Dollar by the end of the year?

Barry

Not a chance as the housing sales just went down 20% and if you look at the exchange rate it is only 30.45 now and the price of oil just went up again.

I believe you stand corrected on your exchange rate as Bloombergh has it at 31.97 Baht to one U.S.Dollar. As I stated on the verge of 32. This has nothing to do with the housing market or the price of oil.

Barry

Now that the U.S.Dollar Versus the Baht has reached 32.355 I predict the rise to 35 by the end of the year.

Barry

Barry, You are indeed correct, as a matter of fact todays exchange rate was more like 32.44. The aussie poster apparently has no idea what he is talking about, which is about par for the course for many of the aussies that I have seen posting here on TV. Goldman Sachs has had a good track record on their currency predictions and they are looking for the Euro to be in the low to mid $1.30's by years end, this strengthening of the Dollar vs. the Euro will not in and of itself have major implications in the Dollar-Baht relationship, but it should certainly get the Dollar over the 36/baht level by years end. Brit mavericks 40-42 year end prediction, while not likely is certainly possible, a great deal depends on Thailands internal situation, what happens to the Chinese economy after the Olympics and how far oil drops when the speculative fever in the oil markets subside over the next few months (U.S. commodity regulators enacted tougher measures on speculators in the oil markets today, and I would expect this trend to continue). Many commodity markets are currently in the throws of bubble, and as the Dollar continues on its strengthening bias vs. the Euro and the U.S. scales back its foolish corn-ethenol policy you will see the bottom drop out of the gold market first and then the speculative froth in the oil and other commodity markets (particularly the grains) will dissapear and many of those commodity prices will fall dramatically. Looking beyond years end it really depends on who is elected president in the states, if McCain is elected then earmarks will end and there will be great pressure on keeping government spending down and an overall return to fiscal responsibility, if Obama is elected and does even half of what he says he wants to do then government spending and debt will both skyrocket and the future of the Dollar will be on shakey ground. If you are living in Thailand and your income is in Dollars, then I would hedge your bets and take a position in the Baht before the election just in case Obama is elected. Best of luck to you in either case Barry

[Naam]

The dollar will continue to rise into the new election... and with oil drilling improvements ... vast oil fields that were considered unreachable and over priced to extract (70 dollars a barrel) will now be tapped. With access to this vast oil source the USA's dependency will be eliminated and prices will plummet. This is good for the economy but bad for the planet as we will slow our process of looking for alternative power sources. One good note... it looks like a Democrat will be in office when this information is announced so, as this is always the case they will assume credit for this boom extending the democrats stay in power for up 10 years. With this surge in confidence and with a good leader in office maybe we will get a piece of the American dream back.

Who might that be?

Arnold Schwarzenegger

[bendix]

40-42 range by the end of the year.

Well, at least you're consistent. You've been saying this for three years now.

[mixed]

if McCain is elected then earmarks will end and there will be great pressure on keeping government spending down and an overall return to fiscal responsibility, if Obama is elected and does even half of what he says he wants to do then government spending and debt will both skyrocket and the future of the Dollar will be on shakey ground. If you are living in Thailand and your income is in Dollars, then I would hedge your bets and take a position in the Baht before the election just in case Obama is elected. Best of luck to you in either case Barry

But isn't McCain going to continue the Iraq disaster? Surely the best way to control US govt spending is by slashing the military budget.

[britmaveric]

Consistency will eventually prove correct.

[Naam]

Consistency will eventually prove correct.

like a broken clock which shows twice a day the correct time

[bendix]

Consistency will eventually prove correct.

I'm reminded of Oscar Wilde's description of men getting married a second time:

"The triumph of hope over experience"

[rken]

Traditionaly the dollar gain under democrate and loses value under republicans. I think the dollar with strenghten over the next nine months, and all will be well unless MC Cain is elected. We should see gold falling off in relation to the dollar. Remember you heard it here first Thai Visa.com aloha

[PeaceBlondie]

if McCain is elected then earmarks will end and there will be great pressure on keeping government spending down and an overall return to fiscal responsibility

But isn't McCain going to continue the Iraq disaster? Surely the best way to control US govt spending is by slashing the military budget.

Exactly. War hawks like McCain, whether chicken hawks or former tortured POW's, can spend money faster than any drunken sailor on shore leave. But nobody has the courage to slash military budgets, except for socialists, hard-nosed pacifists, and maybe Ron Paul.

Back on topic, while the dollar may never regain its past glory as the strongest currency in the world, it may indeed strengthen against lightweights like Thai baht and the Leosothan Loti http://finance.yahoo.com/currency/convert?...;amt=1&t=5y