Any bets on when the Baht crashes ????

[corvettelover]

Just about everything i read about the strong Baht is great for the controllers of money. You know the ones that buy overseas companies and invest over there.
Meanwhile the exporters are starting to buy raw product overseas as it is cheaper, than buying local. More people out of work locally. Then we have all the economists saying the baht is too strong and needs to weaken. They talk about droping interest rates. The banks just sit and invest overseas and make more money. As if they care.
So apart from the actual money makers that are profitering, and doing jack s*it about the high baht.
Any care to pick a date when the baht nose dives.???
April first two weeks
April second two weeks
May first two weeks
may second two weeks

Myself i am holding back putting money into a Thai bank for my retirement visa till the currency returns.
more $dollars for beers

[keda]

I reckon May could see the first tremors, then duck.

[Lily]

So should we sell our baht now, do you think?

[Rigger]

Anytime in the second half April or the start of May would be nice as I intend on buying a new motorcycle

[keda]

I've been collecting £/$ since the $ hit 34.70, low downside good upside. Won't make billions but just for the kick.

[keda]

Anytime in the second half April or the start of May would be nice as I intend on buying a new motorcycle

Good idea to empty any SET accounts before May.

[Rigger]

Whats a SET account ???

[DFCarlson]

Either April or May would be fine, I've been transferring only enough to live on for the time being... as Dogbert would say, Buwahahahahaha!!

[Tchiowa]

Too many people are already speculating when this was or is supposed to happen.

Don't count on it.

[keda]

May's generally a poor month anyway.

[Marmite the Dog]

End of April. 100% certain.

[ChiangMai noon]

End of April. 100% certain.

Excellent news.
Thanks Marmite.
I shall plan accordingly.

[Thetyim]

Mid August 95% certain

[Marmite the Dog]

^ Idiot!

[Butterfly]

Come on guys, be serious.

It will not crash but as the successful export of Thai products will ease because of the stronger bath, it will just mean that it will revert back to the 38 level

In the meantime, idiot Japanese are pouring billions into Thai government bonds, all paid by Japanase borrowing at 0.5%

As long as the Japanese are fucking it up (like they did in 97), the Thai and farangs will pay for it.

[mrsquirrel]

Do I want it to crash before or after I buy the missus's airline ticket?

[sabang]

Well speaking as a former director of a financial advisory company, I wish I knew as much about future market directions as you blokes.
I hope you're right though.

[Marmite the Dog]

Well speaking as a former director of a financial advisory company, I wish I knew as much about future market directions as you blokes.
I hope you're right though.

Look and learn mate. We know everything.

[ChiangMai noon]

Do I want it to crash before or after I buy the missus's airline ticket?

yes...

[Thetyim]

Do I want it to crash before or after I buy the missus's airline ticket?

Are you talking about the baht or the plane ?

[keda]

Do I want it to crash before or after I buy the missus's airline ticket?

Depends where she's going, no?

[Begbie]

Some idiot was talking down the dollar this week. What the hell is going on ?

[barbaro]

I admit first that I don't know much. I likely know less than most of the posters here.

But I will say this (pummel me at will).

I think the Baht will stay between 33 : 1 to 40 : 1

For the US Dollar.

[Eliminator]

I saw on Thai tv today the Bloomburg said the exchange rate was 39.56 on the dollar and the pound was getting over 71. ??????????????

[William]

^I was in UOB today. They offered me 33.4 I said get fucked, I'll live off my Thai earnings.