kalbo123 Posted December 22, 2008 Share Posted December 22, 2008 Can anyone explain to me why to baht does not seem to infected by everything what is going on here? - political instable - declining tourism - economical resession - etc.. etc... but it does not seem to infect the baht at all.. Link to comment Share on other sites More sharing options...
bendix Posted December 22, 2008 Share Posted December 22, 2008 Can anyone explain to me why we have to have the same f****g thread about the baht's strength reposted 4 times a week? Link to comment Share on other sites More sharing options...
Mighty Mouse Posted December 22, 2008 Share Posted December 22, 2008 Have a read of this. Link to comment Share on other sites More sharing options...
misterman21 Posted December 22, 2008 Share Posted December 22, 2008 Can anyone explain to me why we have to have the same f****g thread about the baht's strength reposted 4 times a week? Different posters Does it annoy you so much Link to comment Share on other sites More sharing options...
mijan24 Posted December 22, 2008 Share Posted December 22, 2008 (edited) Can anyone explain to me why we have to have the same f****g thread about the baht's strength reposted 4 times a week? Different posters Does it annoy you so much Yes different posters and a definite sign that People are worried, and in my view they should be worried enough to tighten there belts and prepare for some not so smooth sailing hoping when we emerge its on and upwards not a call to man the life$boats. Edited December 22, 2008 by mijan24 Link to comment Share on other sites More sharing options...
chiangmaibruce Posted December 22, 2008 Share Posted December 22, 2008 But not worried enough to take the simple common-sense step of scrolling through existing threads - or use the ThaiVisa search function - before starting yet another duplicate thread Link to comment Share on other sites More sharing options...
kalbo123 Posted December 22, 2008 Author Share Posted December 22, 2008 Have a read of this. thanks for this link.. I had more information on this link then on 50 pages thaivisa currency bla bla Link to comment Share on other sites More sharing options...
jdrake72 Posted December 25, 2008 Share Posted December 25, 2008 Today's latest news project a twin deficit in Thailand for 2009 ( I guess I said that in my last post few weeks ago). Exports are falling even more than worse projection and tourism, of course, is the worst hit right now. Anyway, very good link that of Thaicrisis. Everything is poiting at a more fast Baht depreciation starting from early next year. That s what I "suggested" before, a stronger pace of depreciation is better to avoid a currency crush in the future. Regarding the current reserves composition and Thai Baht value versus foreign currencies, I have studied carefully all the exchange rates of 2008 and I think US dollar is the main currency and than in nimor quanbities there are euros,japanese yens for sure and likely smaller quanitites of singaporean dollars, MAYBE VERY SMALL quantities of sterlings,wons,renmbimbis,HK dollars,Aussie dollars. Link to comment Share on other sites More sharing options...
syd barrett Posted December 25, 2008 Share Posted December 25, 2008 I have a feeling that in 2009 (Jan,Feb,March) the Baht will fall very suddenly indeed. Dramatically. I don't think any financial expert will bet against this. So I will say by Feb 1st 2009: 1 US$ = 42 baht. However I am concerned for the British pound which might well be 1.35 against the US$ very soon, especially as UK interest rates will be cut from 2% to 1% for sure on 8th Jan 2009 then to 0.5% in February. I suppose the best advice is to economise and be a mean bugger until things improve late in 2009. Link to comment Share on other sites More sharing options...
HardenedSoul Posted December 25, 2008 Share Posted December 25, 2008 I suppose the best advice is to economise and be a mean bugger until things improve late in 2009. Or hold gold ! The credit crisis will soon give way to a currency crisis and all fiat currencies will lose value against gold. This is not as far away as some would have you believe - just look at how quickly the slump has progressed. Link to comment Share on other sites More sharing options...
Briggsy Posted December 26, 2008 Share Posted December 26, 2008 Related to this thread, would you consider the Baht a freely convertible currency? The exchange controls were lifted months ago but are there other BOT restrictions or laws preventing the Baht reaching its true market value? I am not talking about interventions in the form of buying or selling of the foreign currency reserve by the BOT but rather curbs on large currency transactions or FOREX trading. Link to comment Share on other sites More sharing options...
Old Croc Posted December 26, 2008 Share Posted December 26, 2008 This is just another of many threads on this, and similar financial subjects. And Bendix has heaped scorn on anyone elses opinion on all of them. Link to comment Share on other sites More sharing options...
jdrake72 Posted December 26, 2008 Share Posted December 26, 2008 Hey guys, are you noticing that in the past couple of days THB has dropped 30-40 cents both against USD and EUR ?? It seems it si dropping faster now. I think new PM has given directive to BOT how he wants to do and BOT is following his directives. Maybe this is the change we were expecting. Around Songkraan we could have a quite cheaper baht. Link to comment Share on other sites More sharing options...
imaneggspurt Posted December 26, 2008 Share Posted December 26, 2008 Can anyone explain to me why we have to have the same f****g thread about the baht's strength reposted 4 times a week? Different posters Does it annoy you so much Oh thats just bendix, ignore him, hes in the desert or somewhere out in dubai and obviously not enjoying himself,. Link to comment Share on other sites More sharing options...
chiang mai Posted December 26, 2008 Share Posted December 26, 2008 Can anyone explain to me why we have to have the same f****g thread about the baht's strength reposted 4 times a week? Different posters Does it annoy you so much Oh thats just bendix, ignore him, hes in the desert or somewhere out in dubai and obviously not enjoying himself,. Not so, Bendix hails from the Beergarden in Soi 7 and it surely is starting to show from recent posts. Link to comment Share on other sites More sharing options...
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