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  1. #1
    I am in Jail

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    Foreign capital leaving Thailand

    Foreign capital leaving Thailand 'in certain amount': BoT

    BANGKOK, June 4 (TNA) Bank of Thailand Assistant Governor Suchada Kirakul on Tuesday conceded that "a certain amount" of foreign capital had flowed out of the country following a heavy selling of shares by foreign investors in the stock market.

    She said the weakening of the baht this week resulted from currency exchanges to take US dollar-denominated currency out of the country.

    At present, she said, the capital movement in the stock market is seeing a net outflow while investment in bonds continues to flow in because local interest rates stay high.

    "We have not yet taken any action to supervise the baht's value because the currency has not weakened so rapidly.

    "The baht intervention will be adopted only when the currency is too strong and weak. Now, it is unnecessary to take the measure since the baht still moves up and down normally," she said.

    Mrs. Suchada said the ongoing foreign capital outflow remained not worrying because the capital had flown into the country in a huge amount in the past several years.

    Currently, the country had been engulfed with political and economic woes. So, it is normal to see a certain amount of capital flow out of the country, she added. (TNA)-E005


    Thai baht back to $40 + soon

  2. #2
    The Cat
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    Technically, if you believe in technicals, the strong resistance point for the baht was around 32.5 baht/US$.
    If it goes higher than that, and it did, next stop is about 33.5.

  3. #3
    I am in Jail
    Butterfly's Avatar
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    Euro trading at 51

  4. #4
    The Cat
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    Thanks god I'm paid in Euros...

  5. #5
    I am in Jail

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    that was a big wish

  6. #6
    Member minime's Avatar
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    Pound [at] 63.9 I'm hoping it goes back to 69 as I'm paid in GBP.

  7. #7
    Thailand Expat Bobcock's Avatar
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    Quit whinging, I'm a Brit paid in USD.

    Doesn't get much worse at the moment.

  8. #8
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    The oz dollor 31.31 very nice thank you.

  9. #9
    Member minime's Avatar
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    Quote Originally Posted by Bobcock View Post
    Quit whinging, I'm a Brit paid in USD.

    Doesn't get much worse at the moment.
    Point taken, I was wanting to be paid in Euro's.

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