Weakening of the baht could boost Thai exports

By The Sunday Nation

 

 

The baht has slightly weakened after the US Department of Labour reported on Friday that the US economy had added 222,000 new jobs in June. The US job growth was greater than expected.

 

The Thai currency weakened yesterday to slightly over 34 per US dollar after it strengthened to over 33 per dollar on Monday. 

 

Amonthep Chawla, head of the research office at CIMB Thai Bank, said the easing might be temporary and the baht would be volatile looking ahead. The market is waiting to see data on the US gross domestic product in the second quarter and what the Federal Reserve would do about its huge balance sheet, he said. Thai exporters have previously complained about a strong baht, fearing it would drag down exports in the second half of the year. Appreciation of the baht would make Thai products more expensive in the global market.

 

Source: http://www.nationmultimedia.com/news/national/30320253

 

 

-- © Copyright The Nation 2017-07-09

Love the photo. Hey hunny! Some creep is taking your picture! Huh what?

Old photo. You can see the date as 18 JUN 55. Good year since the Canadian Dollars was at par with the US. I miss those days

LCD display boards like that were not even thought of in 1955 yet alone computers! The date is obviously incorrect.

LCD display boards like that were not even thought of in 1955 yet alone computers! The date is obviously incorrect.

2555 muppet. Now 2560 thai calendar. So 5 years ago.

31 minutes ago, PETERTHEEATER said:

LCD display boards like that were not even thought of in 1955 yet alone computers! The date is obviously incorrect.

You totally missed the Boat... Date is referring to Thai calendar... 2055! Board is in Thai Bank, In Thailand they do not use, so not to confuse Thai Customers the Western Calendar... But it still apparently Confused you!

 

 

3 hours ago, ezflip said:

Old photo. You can see the date as 18 JUN 55. Good year since the Canadian Dollars was at par with the US. I miss those days

Absolutey, near 49 baht per pound! Last crashed through that late May'16....Brexit vote.

1 hour ago, PETERTHEEATER said:

LCD display boards like that were not even thought of in 1955 yet alone computers! The date is obviously incorrect.

The date is correct for the data shown. The date is not 1955, but 2555, five years ago!

12 hours ago, ezflip said:

Old photo. You can see the date as 18 JUN 55. Good year since the Canadian Dollars was at par with the US. I miss those days

9 hours ago, PETERTHEEATER said:

LCD display boards like that were not even thought of in 1955 yet alone computers! The date is obviously incorrect.

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More armchair experts - commenting on a Thai situation covered by ThaiVisa, regarding the Thai baht - with no clue about Thailand.

The best example I've seen to date!

(ha ha geddit - to date??)

Yes, I was referring to 2555, Thai year.

 

BUT, funny thing is that my comment about the Canadian dollar being at par with the US dollar could work for 1955 as well since the exchange rate AT THAT TIME was 0.9860 $US/$CDN.

 

http://audiokarma.org/forums/index.php?threads/historical-exchange-rates-1948-to-2005.106614/

5 hours ago, crafty said:

 

2555 muppet. Now 2560 thai calendar. So 5 years ago.

 Christian calendar year 2012

http://bangkokhasyou.com/thai-to-christian-year-converter-online/

 Christian calendar year 2012
http://bangkokhasyou.com/thai-to-christian-year-converter-online/

Thanks, no shitt Sherlock, I know. That's why I said 5 years ago.