Thai Baht

[MichaelAllen]

Considering the Thai Baht is at 29.90 today, is there any relief in site against the US dollar? I remember when the Thai Baht was 41 to the dollar!

[beechguy]

Probably no relief anytime soon, but I'm sure the old timers remember when it was 30 or below before 1997.

[mca]

A friend has a small boutique resort and at the moment the place is full of Aussies happily proclaiming how cheap everything is. When I bought my last vehicle it was about 70 baht to the pound. Got a new car last week at about 49 to the pound. I do my crying in private.....

[Thanyaburi Mac]

Probably no relief anytime soon, but I'm sure the old timers remember when it was 30 or below before 1997.

Baht 20 = $1, for lots and lots of years, up to 1981 when it was allowed to float a bit;

baht 21 = $1 up to CRS, when it wen to 25

July 1997, bang! High point was end of January 1998 when it hit a bit over 50 for a few days.

See chart below, data only goes back to 1993. Made with this www site, fun to play with: http://fx.sauder.ubc.ca/

Mac

[Gumbo]

If exports drop then the government 'may' devalue the Baht. Chances of this happening are slim to say the least though.

[Shotime]

I'd be happy if it remains around 30 baht to the dollar. After the brawl between Georgetown and China last night, China may give the word to lower it.

[zzaa09]

I'd be happy if it remains around 30 baht to the dollar. After the brawl between Georgetown and China last night, China may give the word to lower it.

Yes. Less those whom forget who is really pulling the strings.