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  1. #1
    Mid
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    BoT reports capital outflows due to political turmoil

    BoT reports capital outflows due to political turmoil
    Santibhap Ussavasodhi



    BANGKOK, 16 May 2010 (NNT) – The Bank of Thailand (BoT) has reported some capital outflows, saying foreign investors have started selling Thai baht and buying more US dollars due to growing concern over the domestic political turmoil.

    As explained by BoT Assistant Governor for Financial Market Operations Group, Suchada Kirakul, the capital outflow is obviously seen following the political unrest; however, the amount of money transferred out of the country is still insubstantial while the capital inflow also becomes less.

    The baht currency is also reported to be depreciating in line with the falling euro and a more intense political situation.

    Ms Suchada however confirmed that the BoT would not interfere with or make any special currency control for the time being because the baht fluctuation is still in the manageable level.

    Thai baht on 14 May was reported to depreciate continuously following the domestic political impasse and depreciating Euro.

    thainews.prd.go.th

  2. #2
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by Mid
    Thai baht on 14 May was reported to depreciate continuously following the domestic political impasse
    Not so as I would notice much. Bangkok Bank rates.

    April 12 - 31.85
    May 4 - 31.95
    May 14 - 31.97

  3. #3
    Mid
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    onshore v's offshore ?

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    Quote Originally Posted by Mid
    onshore v's offshore ?
    What I get when I transfer money from US to Bangkok Bank. On shore/off shore question much to complicated for my vast store of Forex knowledge.

  5. #5
    Mid
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    presume you send $ to be converted here so that is the onshore rate

    true rate is what you would pay for baht in your home port .

  6. #6
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    Quote Originally Posted by Mid
    presume you send $ to be converted here so that is the onshore rate
    Quote Originally Posted by Mid
    onshore v's offshore ?
    Answer. Definitely onshore rate.

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