Baht, Dollar And The Chinese Currency

[alex100]

Topic split from Baht bus discussion in the Pattaya Forum,

http://www.thaivisa.com/forum/index.php?showtopic=27988 /Admin

Why should well meaning affluent visitors willing to pay 20 baht have to lablled as cheap chariles by hard worked and underpaid baht bus drivers just because some local expats have not budgeted enough to comfortably stay in the country

- what you all going to do when the Chinese currency is floated and the baht goes back towards 40 to the pound - like the bad old days in the late 80's.

Edited February 22, 2005 by george

[SEAtramp]

what you all going to do when the Chinese currency is floated and the baht goes back towards 40 to the pound - like the bad old days in the late 80's. 

You have more chance of playing pool with the king of Thailand than that happening.

Besides the baht is not linked to the Yuan

[alex100]

what you all going to do when the Chinese currency is floated and the baht goes back towards 40 to the pound - like the bad old days in the late 80's. 

You have more chance of playing pool with the king of Thailand than that happening.

Besides the baht is not linked to the Yuan

<{POST_SNAPBACK}>

Your right - but both are linked enough to the dollar for a yuan floatation to seriously effct the Baht. Many ecomonic indicators suggest that a Yuan floatation is immenent - it is vastly unvalued at present - and if it happens there will be little warning. The Chinese at this time are evaluating the buy up of many foregin companies - MG Rover being one - they buy in converted Yuan when it is low against the dollar - then by re-valuing their currency they add millions to the value of the companies they have just bought overnight. read the ecomomic threads on the forum from the expat dealers in Bangkok - it may give you food for thought.

[Braccobaldo]

..oh,yes Alex...you got reason...the "yuan-risk" exists...it will be like a medium eathquake if the yuan will be "controlled".

Otherwise, which I don't think, a free-to-float yuan will be a big earthquake.

[kreon]

what you all going to do when the Chinese currency is floated and the baht goes back towards 40 to the pound - like the bad old days in the late 80's. 

You have more chance of playing pool with the king of Thailand than that happening.

Besides the baht is not linked to the Yuan

<{POST_SNAPBACK}>

Your right - but both are linked enough to the dollar for a yuan floatation to seriously effct the Baht. Many ecomonic indicators suggest that a Yuan floatation is immenent - it is vastly unvalued at present - and if it happens there will be little warning. The Chinese at this time are evaluating the buy up of many foregin companies - MG Rover being one - they buy in converted Yuan when it is low against the dollar - then by re-valuing their currency they add millions to the value of the companies they have just bought overnight. read the ecomomic threads on the forum from the expat dealers in Bangkok - it may give you food for thought.

<{POST_SNAPBACK}>

do then what the smart guys do.....buy yuan

[Braccobaldo]

...but not too much...