thai baht rate update

[yinyang]

I'm just a regular bloke, with interested eye on bht for personal interests (consumption?)... no diff from rest of us here. If only my crystal ball's working, I'd have a field day with puyings with plenty change left

On currencies, it's all relative to what other currencies you compare with. We all know about the strong USD, so you see bht bandwith close to 33.9 and our sgd close to 1.50 (1.48/9) last night).

Honestly, we shdn't read too much into bht devaluation into 2009. But it's clear with MAS stand on loosening sgd for our exports to more competitive due to our lousy GDP (growth) nos.

As for political strife, it's no longer at aug's height. Moral victory (for PAD) with taksin's conviction and now there's broach talk of peace talks by chamlong.

As for economic front, here's latest economic stimulus by thai govt -deficit spending bht350bil or 3.5% of GDP (up from 2%+)
Bangkok Post | Top Stories | New stimulus

Anyhow, I believe rate over tues/yesterday has since slightly improved to broach 23. What happens next week is anybody's guess.

Interesting to see bht development to sgd over the period. (If you can't see the picture, here's the link below).


Thai Baht Exchange Rate Graph - Singapore Dollar - Historical Exchange Rates

[theUnforgotten]

YY, when your next "financial bailout" plan to strengthen the economy of bkk?

[BlueDragon193]

Originally Posted by theUnforgotten

YY, when your next "financial bailout" plan to strengthen the economy of bkk?

That depend on how much loose bahts he has left in his pockets...5555

Anyway, 23.43 bahts @ UOB Thai.

[yinyang]

Originally Posted by BlueDragon193

..depend on how much loose bahts he has left in his pockets...5555. Anyway, 23.43 bahts @ UOB Thai.

Originally Posted by theUnforgotten

..next "financial bailout" plan to strengthen the economy of bkk?

Myself need a bailout after last bkk foray But at least I shiok2 spend rather buy into puyings hedge fund.

BD, 23.43 is improvement over sub-23 (22.7 over weekend). Is that remittance rate or monopoly (oops, real) money?

[forumer]

Originally Posted by BlueDragon193

That depend on how much loose bahts he has left in his pockets...5555

Anyway, 23.43 bahts @ UOB Thai.

that's quite a big jump from the 22.7 i got last weekend.

[BlueDragon193]

Now even getting better each hours, bahts weaken again to 23.46 @UOB Thai.

[m0n3ym1nd$$$]

will it hit a good 23.8 above soon?

[High till Dry]

the highest i saw was 23.51 from uob thailand.

however the highest local exchange rate i saw here was 23.22. LOS better...

[AmericanExpress]

After the Fed's actions, lower rate = less return on USD...so move funds into other places, local currencies to rise further unless pegged to uncle sam $

[larotomo]

Local exchange rate with Super Rich here is 23.45 in BKK.

[ahyong]

Today Remitance Rate in GMC is 23.32 Exlcluding $12 Service Charge

[CeiResident]

Uncle u also went to GMC to send maintainence fee ah why never see u! u haolian liao la call dun wan to answer my call.

Originally Posted by ahyong

Today Remitance Rate in GMC is 23.32 Exlcluding $12 Service Charge

[ahyong]

Originally Posted by CeiResident

Uncle u also went to GMC to send maintainence fee ah why never see u! u haolian liao la call dun wan to answer my call.

ya i went today, just when u called me up. haolian ur head, u missed call me i call back u dont want answer

[High till Dry]

23.3 to 23.4 for uob thailand today

[NobleEagle]

Originally Posted by High till Dry

23.3 to 23.4 for uob thailand today

amen to 23 back again..hopefull in Dec climbs back to 24