worriedgary Posted April 10, 2010 Share Posted April 10, 2010 Hi folks, excuse my ignorance, but why is the baht so strong?? I thought with all the problems here that my pension whould be leaving me laughing! But alas, i have to find more work,{ which if any of you have i would be very gratefull and work my boll__'s off}. Can someone please politely expian? Link to comment Share on other sites More sharing options...
rgs2001uk Posted April 10, 2010 Share Posted April 10, 2010 Its not that the baht is strong, its your base currency thats weak. Dont know what your base currency is, lets assume its the £, I think at the moment the £ is about 48 or 50 to the baht. If we take pre '97 crash, the £ was usually about 40, so at the moment the £ is actually up about 20 or 25 %. If your base currency is US $, pre '97 it hovered around 25 to the baht, today its about 32 or 33, so still up about about 30%. Link to comment Share on other sites More sharing options...
easethesqueeze Posted April 10, 2010 Share Posted April 10, 2010 Its not that the baht is strong, its your base currency thats weak.Dont know what your base currency is, lets assume its the £, I think at the moment the £ is about 48 or 50 to the baht. If we take pre '97 crash, the £ was usually about 40, so at the moment the £ is actually up about 20 or 25 %. If your base currency is US $, pre '97 it hovered around 25 to the baht, today its about 32 or 33, so still up about about 30%. That makes sense, but the current problems in Thailand don't effect the GBP, wouldn't this level of unrest have a direct impact on a countries economy or has the trouble not been extreme enough to have had much of an effect on this kind of thing??? thanks in advance and apologies for being such a terrible economist. Link to comment Share on other sites More sharing options...
PattayaParent Posted April 10, 2010 Share Posted April 10, 2010 I think you'll find a lot of previous discussion on this in the Jobs, Economy, Banking, etc. forum Link to comment Share on other sites More sharing options...
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