June 30, 200917 yr Would you rather have savings in US Dollars or Thai baht??????? They're both a gamble so therefore not to be considered as savings?
June 30, 200917 yr Would you rather have savings in US Dollars or Thai baht??????? They're both a gamble so therefore not to be considered as savings? Got both + Euro and Pounds...one of them has to pan out..
June 30, 200917 yr Well if you have costs in Thai Baht, keeping sufficient money in Thai Baht would remove any risk due to exchange rate fluctuations.
July 2, 200917 yr I make a wire transfer once or twice a year from my US bank to my Thai bank. Due to the Thai government thinking the exchange rate should be 36 to 37 baht per dollar, I have decided to wait and see if the dollar appreciates. That may very well be a mistake but I have no idea which way it will go. I have already lost two baht per dollar since I decided to wait.
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