" Dillinger " Down n Out " Dillinger "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
30.42
30.4550 30.42 30.45 10 - 20 30.27 30.35 5 30.17 30.35 1 29.82 30.15 GBPUnited Kingdom
50
37.50
37.7520- 5 37.40 37.65 EUREuropean Union
500-100
33.35
33.4550 33.30 33.40 20-5 33.25 33.40 CHFSwitzerland
1000 - 10
30.50
30.60AUDAustralia
100 - 5
20.50
20.60
CADCanada
100 - 5
22.85
23.05
I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
Read more:
"Dillinger " Superrich " Dillinger "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
30.37
30.4250 30.37 30.42 10 - 20 30.22 30.32 5 30.12 30.32 1 29.77 30.12 GBPUnited Kingdom
50
37.30
37.6020- 5 37.20 37.50 EUREuropean Union
500-100
33.30
33.4050 33.25 33.35 20-5 33.20 33.35
CHFSwitzerland
1000 - 10
30.50
30.60AUDAustralia
100 - 5
20.45
20.55
back to 36?
^
Yes , going going gone
bingo, we have a winner!!! 36
No problem, that was just a blip.
I get 37.22 now.... it's on the up again!
Thailand Is Being Too Good for Its Own Good
Daniel Moss,Bloomberg 7 hours ago
(Bloomberg Opinion) -- Thailand really should let its hair down. The currency is strong and the current-account surplus is big versus the neighborhood, while there's a lot of scope for fiscal expansion. The Bank of Thailand has been grudging in cutting interest rates, in contrast to the easing party under way not just in Asia but in emerging and developed markets the world over.
On one level, the sobriety is admirable. Thailand was the first domino to fall in the Asian financial crisis of 1997-98; the baht's collapse and Bangkok's flimsy economic management will forever be associated with one of the most wrenching periods in Asia's postwar history. But Thailand may have learned the lessons too well. Its policy settings look like they are primed for truly dire times – few predict a coming catastrophe – and insufficiently calibrated to prolong growth or mitigate a shallow recession.
Even the International Monetary Fund, which bailed out Thailand in the crisis, says Bangkok can loosen up a bit. The IMF's annual review of the economy this week praised the central bank’s quarter-point cut in the benchmark rate to 1.5%, a shock when it was executed in August. At least some IMF directors saw room for further reductions. The fund also wants more budget activism and appears to push back against hoarding reserves and the hefty current-account surplus. “Many directors considered that Thailand's external position remains substantially stronger than warranted by medium-term fundamentals and desirable policies,'' the report said.
You could be forgiven for thinking the IMF wants a weaker exchange rate. The baht is up about 7% against the dollar this year, the most among emerging markets. Asia’s next best, Indonesia's rupiah, advanced little more than 1%. The baht's resilience is generally attributed to the high current account and monetary restraint, as I wrote here, the very things the IMF says ought to be tackled.
Two decades ago, a perky currency would have been a great problem to have. Today, the baht's strength masks an array of problems, some of them distinctly first world in nature. Inflation is virtually non-existent; consumer prices rose just 0.3% from a year earlier in September. Productivity is low and wages are high for the region. Thailand’s aging population means it resembles Japan and South Korea more than Malaysia, the Philippines or Indonesia. Unemployment is low, in part because the labor force is shrinking.
Thailand’s politics are also looking old. The military has staged two takeovers since 2006 in the ongoing feud against the populist former prime minister, Thaksin Shinawatra, and his partisans. A long-delayed election in March that extended coup leader Prayuth Chan-Ocha’s tenure as prime minister is a throwback to the era of military-dominated politics that South Korea, Taiwan, Indonesia and the Philippines learned to leave behind.
Southeast Asia's overall growth is likely to suffer from the U.S.-China trade war, though individual countries may receive more investment as supply chains are reconfigured. Thailand may get some of that. But as the IMF notes, some firms are seeking to relocate from Thailand to cheaper locations like Cambodia, Laos, Vietnam and Myanmar.
Put it all together and Thailand looks like an economy in need of caffeine. Bangkok should use this moment to deploy public investment and take interest rates closer to zero; the country already looks more like a developed economy in some respects than a developing one. So it might as well have a monetary and fiscal profile to match.
Minutes from the Bank of Thailand's September meeting released Wednesday made some encouraging noises. Further baht gains may hurt activity, they said. Under consideration is relaxing capital outflow rules to nudge Thais to invest more overseas along with “efforts to stimulate investment to reduce the elevated current-account surplus.''
A repeat of 1997 or the 2007 global crisis is unlikely, so Thai officials can chill on the restraint and ponder a profound question: Is the country first world or third; or, perhaps, where does it land on the scale between them?
While they figure that out, let's have some stimulus.
Majestically enthroned amid the vulgar herd
"Dillinger " Superrich " Dillinger "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
30.35
30.3850 30.35 30.38 10 - 20 30.20 30.28 5 30.10 30.28 1 29.75 30.08
GBPUnited Kingdom
50
37.80
37.9520- 5 37.70 37.85
EUREuropean Union
500-100
33.35
33.5050 33.30 33.45 20-5 33.25 33.45
CHFSwitzerland
1000 - 10
30.45
30.55
AUDAustralia
100 - 5
20.55
20.65
Ha ha I called that... 38 by the end of the day!
Well it does not affect me, I am still earning British pounds and buying exotic juice in Tesco, guava with Baobab .
"Dillinger " Superrich " Dillinger "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
30.36
30.4050 30.36 30.40 10 - 20 30.21 30.30 5 30.11 30.30 1 29.76 30.10
GBPUnited Kingdom
50
38.20
38.4020- 5 38.10 38.30
EUREuropean Union
500-100
33.40
33.5050 33.35 33.45 20-5 33.30 33.45
CHFSwitzerland
1000 - 10
30.40
30.50
AUDAustralia
100 - 5
20.55
20.65
CADCanada
100 - 5
22.90
23.10
holly shit, it's party time again
Could go either way, but I'm saying 40 next week!
Good times!
Brexit is being cancelled, so could be 45 by end of next week
"Dillinger " Superrich " Dillinger "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
30.37
30.4050 30.37 30.40 10 - 20 30.22 30.30 5 30.12 30.30 1 29.77 30.10
GBPUnited Kingdom
50
38.65
38.8520- 5 38.55 38.75
EUREuropean Union
500-100
33.45
33.5550 33.40 33.50 20-5 33.35 33.50
CHFSwitzerland
1000 - 10
30.35
30.45AUDAustralia
100 - 5
20.45
20.60
CAD Canada
100 - 5
22.95
23.10
holly shit, it's soaring!!!
There are currently 2 users browsing this thread. (0 members and 2 guests)