Thread: Will the Baht hit 50?

^ Because as of today, Thailand is officially in recession.....

Originally Posted by Thormaturge

This is temporary as Thailand is trying to offload a large amount of warehoused rice. Sterling, at $ 1.56 is trading at the top end of its usual corridor ($ 1.60 - $ 1.40) and the Dollar doesn't like ThB 31. I think ThB 48 is the best we are going to see for Sterling.

Yup, sounds about right

ASEAN will give Thailand the kick up the arse it needs. They don't heed us pale faces, but their next door neighbours taking their jobs will liven them up

Originally Posted by Gerbil

^ Because as of today, Thailand is officially in recession.....

......yes, officially.

Creating domestic demand by increasing the credit supply needs regulation - allowing inflation into the system brings its own pressure and competitiveness can suffer. Boom and bust, increased borrowing to finance public debt, infrastructure and social programmes will all affect the baht which to date has been underpinned by growth dependent on China, trade with the EU and historic inflows arising from QE by the US etc. which are likely to taper away into economic oblivion as the tool of choice by central banks.

The trajectory is flattening and exports are falling. The rice farce and internal divisions within Thaksin's government as they squabble to steal evermore from the economy bodes ill for political stability in the near term.

The baht is a poor bet for so many reasons and folk holding it should consider off loading sooner than later. The markets are giving you the signal. Thailand is entering a new phase and their endemic corruption will become increasingly significant.

Jesus, The Aussie dollar is dropping quicker than a whores draws.

Foking pissed off I am.

I see the £ is trading at 49.57.

The Aussie $ was stupidly over priced by a market obsessed by all things Chinese. Just watch that ridiculously inflated property bubble go pop and their silly labour rates slide.

Australia is essentially a coon economy reliant upon the export of ore and minerals. They have no domestic market capable of maintaining stimuli and are essentially isolated in a region which discriminates against them.

I see the bank rates for the £ but can anyone let me know what you can get in the exchange bureaus, like Vasu in Sukhumvit please.

Originally Posted by Bower

but can anyone let me know what you can get in the exchange bureaus

Ripped off.

Probably.

Currency / Baht Bank Note

Sell------- Buy

EUR 42.85--- 41.67

GBP 50.34--- 48.66

HKD 4.21--- 3.95

JPY 33.24 --- 31.90

USD 31.9--- 31.2

AUD 29.50--- 28, 90

à¸[at]ัตราà¹�ลà¸�เปลี่ยน ธนาคารไทยพาณิชย์ - SCB Currency Exchange Rates

SET index down 27.62 points

• Published: 20 Aug 2013 at 16.59
• Online news:

The Stock Exchange of Thailand main index went down 27.62 points, or 1.98%, to close at 1,370.86 points at the end of trading session this afternoon. The trade value was 58.03 billion baht, with 10.27 billion shares traded.
The SET50 index ended at 931.47 points, down 16.23 points, or 1.71%, with a total trade value of 46.85 billion baht.
The SET100 index fell 39.20 points, or 1.88%, to stand at 2,049.53 points, with a total turnover of 51.85 billion baht.
The SETHD index went down 13.17 points, or 1.17%, to stand at 1,111.79 points, with total trade value of 19.62 billion baht.
The MAI index dropped 11.61 points, or 3.02%, to close at 372.40 points, with total transaction value of 847.75 million baht.


Top five most active values were as follows;

KBANK stood at 171.00 baht, down 5.00 baht (2.84%)
INTUCH stood at 85.00 baht, down 2.50 baht (2.86%)
SCB stood at 151.00 baht, down 4.00 baht (2.58%)
ADVANC (XD) stood at 259.00 baht, down 5.00 baht (1.89%)
PTT stood at 319.00 baht, up 3.00 baht (0.95%

VASU' s site now updated showing:
Buying £ @ 49.30
$ @ 31.60

Wahey, so thats a bottle of Chang from 7/11 for less than a Pound

JPY 33.24

Go, yen, go!

It is obvious to me that the pound should be stronger, I mean, we fucking created the world so our money should rule and be able to buy whatever the fuck we want to buy with it, d'you know what I mean, if I give some flip flop wearing spanner a pound coin with the queens head on it then in exchange he should give me whatever the fuck I ask for, innit.

49.91 on XE at the moment

i pine for the days it was 80-90s at the crash in 97 ..fu c k 50 ,thats piddling money

Originally Posted by chingching

i pine for the days it was 80-90s at the crash in 97 ..fu c k 50 ,thats piddling money

93.xx was the biggest rate I ever got, lent someone some money at that rate, they were paying back for years to come, paying for my trips here after it was down in the 70's....

Originally Posted by flashbang

It is obvious to me that the pound should be stronger, I mean, we fucking created the world so our money should rule and be able to buy whatever the fuck we want to buy with it, d'you know what I mean, if I give some flip flop wearing spanner a pound coin with the queens head on it then in exchange he should give me whatever the fuck I ask for, innit.

that sound you just heard was texpat's head exploding.

50+ on Xe today.

Originally Posted by English Noodles

50+ on Xe today.

On the XE app it's 49.97

Philippine peso is heading in the right direction....A few months ago was teetering near 40/USD1. Today, almost up to 44/1. Nice if, like me, your pension and client payments are in USD.

my screen thingy tells me its 50.133 for the pound,