Baht too strong says chamber

Baht too strong says chamber
2/06/2009

The baht is currently too strong at 34 to the US dollar and the Bank of Thailand should step in to stabilise it at a realistic rate, Archava Taolanond, honorary chairman of the Thai Chamber of Commerce, said on Tuesday.

Mr Archava suggested the central bank maintain the currency at a suitable rate of 37 baht the US dollar.

That would give the export sector a much needed boost.

Asked about the government’s policy to replace price-pledging for agricultural products with a price insurance system, Mr Archava said it was a good idea because it would free up budget funding for other projects.

He stressed, however, that any price insurance scheme must be totally transparent and free of corruption.

bangkokpost.com

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He stressed, however, that any price insurance scheme must be totally transparent and free of corruption.

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pssst Mr Archava

Bridge ???? :)

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Originally Posted by Mid

The baht is currently too strong

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I agree..... OH GOD do I agree :)

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Originally Posted by jandajoy

OH GOD do I agree

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Request granted JJ

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Originally Posted by TSR2

Request granted JJ

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Grasias amigo. :)

Just make it 30 to the Aus $ and I'm yours. :smileylaughing:

They pobly will do it Monday so I will have taken another shot in the ass, I did my monthly transfer today at 34.07=$1..

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Originally Posted by jandajoy

and I'm yours.

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ah!!! on 2nd thoughts

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Originally Posted by TSR2

ah!!! on 2nd thoughts

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gently but........ :)

42-44bht per $ would be ideal. :)

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Originally Posted by britmaveric

42-44bht per $ would be ideal.

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swooon, first flight home. Yikkkeyeeeha haay

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Originally Posted by britmaveric

42-44bht per $ would be ideal. :)

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Well, if we're going to that route - why not 47bht? Like the good old days.

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Originally Posted by Rural Surin

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Originally Posted by britmaveric

42-44bht per $ would be ideal. :)

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Well, if we're going to that route - why not 47bht? Like the good old days.

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As I recall it was up to about 53-54 for a short time back in Nov 2007. I had more than doubleded since 6 months earlier in May 2007. Hog heaven...

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Originally Posted by SEA Traveler

As I recall it was up to about 53-54 for a short time back in Nov 2007.

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53-54=$1 US???,,,Damn I must have slept thru that period

45- 1$..ok.

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Originally Posted by spliff

45- 1$..ok.

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I don't remember it being over 35=$1 in Nov. 2007, but could have been tho.

It's been.

Link to 53 baht=$1 US. please

Yeah right. These guys are full of it. I don't think markets will like it if they play god with exchange rate.

^Well simple do what they did a while back - set their own rate and pegged it.

2007 - Thai Bahts to 1 USD</B> (invert)https://teakdoor.com/images/smilies1/You_Rock_Emoticon.gifhttp://www.x-rates.com/img/1x1_clear.gifAverage RatesJanuary35.2587 THB (23 days average)February33.8545 THB (20 days average)March32.6423 THB (22 days average)April32.421 THB (21 days average)May32.8061 THB (23 days average)June32.3176 THB (21 days average)July30.4464 THB (22 days average)August31.7961 THB (23 days average)September32.0565 THB (20 days average)October31.5248 THB (23 days average)November31.3545 THB (22 days average)December30.1576 THB (21 days average)
Monthly Average Graph (Thai Baht, American Dollar) 2007



change target currency by clicking on list at right

2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
graph : 30 days | 120 days | monthly average
use American Dollar as target currency

OK, so no one else except one guy has seen the Baht at 53-54, ever in Thailand.
Just as I remember, best I ever got was 47=$1 US.

41.38 on the 5th. July 2005.

Well that's what Reuters says.




Compare currencies - News and analysis - Money - ninemsn

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Originally Posted by blackgang

Link to 53 baht=$1 US. please

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you will have to locate that one yourself BG but as I was working here at the time, recall it to be fact as if it was yesterday. No doubts.

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Originally Posted by blackgang

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Originally Posted by SEA Traveler

As I recall it was up to about 53-54 for a short time back in Nov 2007.

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53-54=$1 US???,,,Damn I must have slept thru that period

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My bad BG and I appologize profusly as I must have had my head up my ass. Try January 1998. Mea Culpa!!!! :mid: I hope yu can read the yellow and red font below because it does reflet the fact and I know that all of us on this forum strive for the facts in every case.

See the following quote: "Forex issues: From the end of World War II until 1980 the Baht was pegged to a USA Dollar at an exchange rate of twenty Baht to a USA Dollar. A strengthening USA economy caused Thailand to repeg its currency at 25 to the USA Dollar from 1985 until July 2, 1997, when the country was stung by the Asian financial crisis. The Baht was floated and halved in value, reaching its lowest rate of 56 to the Dollar in January 1998. It stabilized again at a rate of about 40 per Dollar, where it has since remained. Before 1880 the exchange rate was fixed at eight Baht per Pound sterling, falling to ten to the Pound during the 1880s." From the first para at this URL: http://www.lonympics.co.uk/new/Thai_bah.htm

Ah.. 1997 yes

1997 Thai baht = 58.336364 U.S. dollars

Yes, that is correct, but I have been here steady for 9 years and I did get 47 once or twice,,45 a number of times as well as 43 and as low as 30 I do believe, but do not pay much attention to it anymore as I am going to get what they give and no more and am not leaving because of what ever it is or might be..