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Posted

in the medium term, i expect thai baht will depreciate versus the deutschmark

as well as versus shrinkheads and cowrie shells.

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Posted

in the medium term, i expect thai baht will depreciate versus the deutschmark

I bet a lot of Germans still wished they had the deutschmark

Posted

The Euro will rise or fall against the Baht.

and if it doesn't rise or fall the rate will remain steady... i think ermm.gif

Yes but possibly steady for very very short time facepalm.gif

Posted

More to do with uncertain Baht. If Thais raise interest rates then reality will kick in.

Bank of Thailand lowered its key interest rate from 2.5 to 2.25% Wednesday afternoon. That probably caused most of the baht depreciaton that occured Wednesday afternoon (versus the protests) and will probably carry-on into today/Thursday. But when it comes to Forex flipping a coin may be as good a predicter as anything else.

Sent from my Onda V971 tablet

I used to be in that game and you're not so far off the truth as some might imagine! thumbsup.gif

IMO the latest Thai crisis will peter out and the baht will regain some but not all of it's recent losses.

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