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  1. #1
    Mid
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    THB weakening due to political turmoil

    THB weakening due to political turmoil
    Rungkarn Rujiwarangkul
    09 March 2010

    BANGKOK, 9 March 2010 (NNT) Economist expect the Thai currency to drop to 33 baht against the US dollar this week due to mounting political pressure from anti-government groups.

    Senior economist of Standard Chartered Bank (Thai), Usara Vilaipich, stated that the Baht is likely to be influenced this week by speculations over the anti-government protest. The Thai currency is forecasted to shift within a 32.65 33.00 THB range.

    The baht's devaluation goes against the trend of other currencies in the region. Currencies throughout Asia are strengthening after China decided to allow its currency to appreciate for the first time this April.

    thainews.prd.go.th

  2. #2
    Thailand Expat jandajoy's Avatar
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    Yahooo

  3. #3
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    damn brought money over last week
    48.5 to the pound
    shocking

  4. #4
    Thailand Expat jandajoy's Avatar
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    Money out on Friday?

    or

    Money out on Monday?

  5. #5
    loob lor geezer
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    Quote Originally Posted by good2bhappy View Post
    damn brought money over last week
    48.5 to the pound
    shocking
    Don't fret too much. The pound exchange rate is pretty well beyond salvation until after the elections then it will leap on a surge of misplaced confidence to 48.6

  6. #6
    ...................
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    so do we wait? or ....

  7. #7
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    Quote Originally Posted by good2bhappy View Post
    damn brought money over last week
    48.5 to the pound
    shocking
    The pound is falling again as the British trade gap widens and has dropped again below 1.50 to the US dollar.

  8. #8
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    No problum my wife has the solution to this-'don't think too much' bloody clever people Thai's !

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