Gonzo the Face Posted April 13, 2010 Share Posted April 13, 2010 We have got a situation here in Thailand where we don't who, what or if we will have a government daily. ... and yet the baht is at a high vs the US$ , as high as its been in years..... Anybody care to make a guess who is playing games.... Link to comment Share on other sites More sharing options...
billythefish Posted April 13, 2010 Share Posted April 13, 2010 I wondered the same for a few months, but I think it simply that the US Dollar isn't worth the paper it is printed on, it is a liability. Link to comment Share on other sites More sharing options...
tw25rw Posted April 13, 2010 Share Posted April 13, 2010 It's because people buy and sell the $US as a commodity, whereas they buy and sell baht when doing business with Thailand. The level of business with Thailand is relatively stable hence there are no strong forces driving it either way, despite the common misconception that political instability means the currency has to conveniently collapse. Link to comment Share on other sites More sharing options...
Ulysses G. Posted April 13, 2010 Share Posted April 13, 2010 (edited) I wondered the same for a few months, but I think it simply that the US Dollar isn't worth the paper it is printed on, it is a liability. ...But still doing much better than the Pound and Euro. Edited April 13, 2010 by Ulysses G. Link to comment Share on other sites More sharing options...
JetsetBkk Posted April 13, 2010 Share Posted April 13, 2010 Anybody care to make a guess who is playing games Soros. Link to comment Share on other sites More sharing options...
whiterussian Posted April 13, 2010 Share Posted April 13, 2010 Anybody care to make a guess who is playing games Soros. He has interests in Burma.. anti-junta. Based in Thailand. Not sure if that would stop him making a quick buck playing thr baht.. but hopefully it might stay his hand. Link to comment Share on other sites More sharing options...
IMA_FARANG Posted April 13, 2010 Share Posted April 13, 2010 I wondered the same for a few months, but I think it simply that the US Dollar isn't worth the paper it is printed on, it is a liability. I agree the dollar is low, but I don't buy that explanation. The Euro here in Greece has gone down against the dollar...in fact in all of Europe. Yet the Baht stays high against the Dollar in Thailand. Personally I think someone in Thailand is either selling Dollars or buying Baht. I would guess it's the Thai government. For some reason they want to keep the Baht high. Link to comment Share on other sites More sharing options...
Shotime Posted April 13, 2010 Share Posted April 13, 2010 I wondered the same for a few months, but I think it simply that the US Dollar isn't worth the paper it is printed on, it is a liability. ...But still doing much better than the Pound and Euro. ....and much more powerful (and prettier) looking. Link to comment Share on other sites More sharing options...
tw25rw Posted April 13, 2010 Share Posted April 13, 2010 I wondered the same for a few months, but I think it simply that the US Dollar isn't worth the paper it is printed on, it is a liability. I agree the dollar is low, but I don't buy that explanation. The Euro here in Greece has gone down against the dollar...in fact in all of Europe. Yet the Baht stays high against the Dollar in Thailand. Personally I think someone in Thailand is either selling Dollars or buying Baht. I would guess it's the Thai government. For some reason they want to keep the Baht high. No, they want to keep the baht stable. Link to comment Share on other sites More sharing options...
Heng Posted April 13, 2010 Share Posted April 13, 2010 It's called market forces, and I doubt any of the bigger players are Mickey Mouse. Link to comment Share on other sites More sharing options...
IanForbes Posted April 13, 2010 Share Posted April 13, 2010 No he ain't. I just killed him and gave him a shave. Link to comment Share on other sites More sharing options...
wintermute Posted April 13, 2010 Share Posted April 13, 2010 I wondered the same for a few months, but I think it simply that the US Dollar isn't worth the paper it is printed on, it is a liability. I agree the dollar is low, but I don't buy that explanation. The Euro here in Greece has gone down against the dollar...in fact in all of Europe. Yet the Baht stays high against the Dollar in Thailand. Personally I think someone in Thailand is either selling Dollars or buying Baht. I would guess it's the Thai government. For some reason they want to keep the Baht high. A few explanations about macroeconomics.. With the recent banking crisis and the obvious insolvent nature of western banks a lot of traditionally pegged currencies and those that have a surplus of U.S. dollars are unwinding their debt slowly. This means countries like China are finding new and creative ways to dump U.S. securities asap because who knows if America will make good on it down the road. The EU isn't worth much more since EU banking and its dependent nations have the same issues (See: Iceland, U.K., Greece, etc..) The weakening of the western currencies is just developing world nations getting smarter about keeping too many eggs in one basket. Link to comment Share on other sites More sharing options...
smokie36 Posted April 13, 2010 Share Posted April 13, 2010 No he ain't. I just killed him and gave him a shave. Funny but no more Guantanamo Bay training pics please! Link to comment Share on other sites More sharing options...
IanForbes Posted April 13, 2010 Share Posted April 13, 2010 Funny but no more Guantanamo Bay training pics please! Actually, not so funny. I'm trimming the hair and saving it for fly tying. It makes great dubbing for trout flies. Link to comment Share on other sites More sharing options...
smokie36 Posted April 13, 2010 Share Posted April 13, 2010 Funny but no more Guantanamo Bay training pics please! Actually, not so funny. I'm trimming the hair and saving it for fly tying. It makes great dubbing for trout flies. Somehow I just knew there was a reason....Hope they're biting Ian! Link to comment Share on other sites More sharing options...
needforspeed Posted April 13, 2010 Share Posted April 13, 2010 I wondered the same for a few months, but I think it simply that the US Dollar isn't worth the paper it is printed on, it is a liability. I agree the dollar is low, but I don't buy that explanation. The Euro here in Greece has gone down against the dollar...in fact in all of Europe. Yet the Baht stays high against the Dollar in Thailand. Personally I think someone in Thailand is either selling Dollars or buying Baht. I would guess it's the Thai government. For some reason they want to keep the Baht high. Maybe write off foreign dept Link to comment Share on other sites More sharing options...
nputman Posted April 14, 2010 Share Posted April 14, 2010 Anybody care to make a guess who is playing games Soros. BINGO!Still wonder if him and his cronie's were behind the 550 billion run on the banks in America in Sept 2008 that hastened the economic collapse. Guy is a real POS. Link to comment Share on other sites More sharing options...
slapout Posted April 14, 2010 Share Posted April 14, 2010 No he ain't. I just killed him and gave him a shave. :¡This cheese is burning me!: :¡This cheese is burning me!: Gawd Ian talk about overkill, 2 traps one poor 'mickey' The barber part??? are you trying to make a hairless mouse to mount on the wall with other trophies or preparing the critter for the bbq? Your portfolio of pictures is impressive, keep up the gooood work. Link to comment Share on other sites More sharing options...
simpathy Posted April 14, 2010 Share Posted April 14, 2010 It's because people buy and sell the $US as a commodity, whereas they buy and sell baht when doing business with Thailand. The level of business with Thailand is relatively stable hence there are no strong forces driving it either way, despite the common misconception that political instability means the currency has to conveniently collapse. what is going on here is really a non event. just kooks making a lot of noise. the country is not in turmoil. Link to comment Share on other sites More sharing options...
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