Thread: Baht to Dollar: The Dollar index

^Of course there's no stated market level, but I'm talking about a proper market level that's sustainable.

^Agree, sustainable level, but we will have to wait and see what the USD-THB sustainable level will be. With both economies in turmoil, it would be rash to make a judgement call now.

I'll call it. It's about 40-42. I'll take all the flak for it later if I'm wrong. This should be realisable in about 90 days.

^90-days is hardly a period when which sustainability will become evident...

^Okey dokey, let's say the level in 160 days. But, I think it will be self evident by 90 days.

40 is highly unlikely, not even in 1 year, export are still strong,

unless the USD recovers dramatically, always a possibility

Depending on who wins the US election will probably influence the dollar's strength to a great degree.

Oil markets are anticipating lighter demand and the dropping price of a barrel of oil can only help. Confidence in a new leader in America should also influence the strength of the greenback versus other currencies.

Continued sliding by the European currencies, due to poor economic performance (Britain is reportedly at a 60-year low in terms of economic performance) and I think 38-42 is a reasonable call.

Turmoil in Thailand right now sure isn't helping the situation. More than 6% of Thailand's GNP is directly linked to tourism, even the TAT is reporting significant drops in tourism on year-to-year numbers. The baht doesn't have a lot to show for itself right now.

I look to this mark to appear sometime later this year.

I still give it 60-90 days. Call me on this if I'm wrong in 90 days.

DAMMIT - the fucking Won has dropped to nearly 33 to the baht.

FOR FUCKS SAKE.

What a shite currency it is.

Stupid twats screwed up letting it become devalued so much to aid exports.


On a plus note the pound is at 1999 which is 90 less than it was on Monday - bad news is this means the pound is stuffed.

Originally Posted by chinthee

Yup, next step 40-42 for the long term. Many of us have predicted this over the long term. I think 40 is a long term right level for the Baht.

Maybe Budhai will come back then

Originally Posted by mrsquirrel

DAMMIT - the fucking Won has dropped to nearly 33 to the baht.

I figure I am now losing about $400 a month as compared to the dollar/won rate when I signed my contract last December. Might make it hard to keep this job.

Perhaps the MidEast is calling again.

Originally Posted by MisterStretch

Depending on who wins the US election will probably influence the dollar's strength to a great degree.

Oil markets are anticipating lighter demand and the dropping price of a barrel of oil can only help. Confidence in a new leader in America should also influence the strength of the greenback versus other currencies.

Well, I can only hope you are right !!!

Originally Posted by MisterStretch

I figure I am now losing about $400 a month as compared to the dollar/won rate when I signed my contract last December. Might make it hard to keep this job.

Tell me about it.

That job in Libya paid in Sterling looked like such a better option now.

Originally Posted by mrsquirrel

DAMMIT - the fucking Won has dropped to nearly 33 to the baht. FOR FUCKS SAKE. What a shite currency it is. Stupid twats screwed up letting it become devalued so much to aid exports.

Won 33 to the baht? What Won?

Won Ton Soup

Originally Posted by jim1176

Won 33 to the baht? What Won? Won Ton Soup

Obviously you are a bit of an uneducated cock, aren't you?

The buck was worth 39.5 baht on May 21, 2006 -- the day I moved here. If it gets back there, I'll be happy.

I hope the clusterfuck involving the Thai government continues driving tourists away.

The baht has a ways to go. The Aussie dollar has fallen about 10% against the dollar, the UK pound 13%. The baht has only fallen about 8%. It will fall when the BOT runs out of dollars to buy baht.

Originally Posted by Begbie

It will fall when the BOT runs out of dollars to buy baht

thats what I think also

Oh no doubt they are supporting to what end I have no idea. The exporters were screaming as it got stronger. But they are reporting huge growth in exports, would be interesting to see where that growth is and if it's real.

Originally Posted by mrsquirrel

DAMMIT - the fucking Won has dropped to nearly 33 to the baht.

...and today it is 1,000.00 KRW

=

31.3878 THB


and 1.00 USD

=

34.4169 THB

If the dollar actually does rise against the baht, I might be alright, even though the won is sliding. The wife and I were talking about this last night...at 40 to the dollar, I manage to stay even to the signing of my last contract.

More turmoil is ahead...I hope it means the baht slides further. I hate losing money for no reason.

Originally Posted by William

my guess - on the bank to be on the brink - would be Lehman

hmmm, shares down 76% this week: wonder if it will fall this wk/end.

^ It was just announced Bank of America may be lining up a purchase of part or all of Lehman.

The dollar continued its upward trend today. I think tomorrow might be the day we see 35 baht to the dollar.

^ it was already yesterday [at] 35.02

Originally Posted by Texpat

The buck was worth 39.5 baht on May 21, 2006 -- the day I moved here. If it gets back there, I'll be happy. I hope the clusterfuck involving the Thai government continues driving tourists away.

God speed