Boo Radley Posted October 25, 2011 Report Share Posted October 25, 2011 UK sterling was up a bit today too, compared to the Baht. Link to comment Share on other sites More sharing options...
sayjann Posted October 25, 2011 Report Share Posted October 25, 2011 UK sterling was up a bit today too, compared to the Baht. be better when it's less than £20 for 1000bt. Link to comment Share on other sites More sharing options...
cavanami Posted October 26, 2011 Report Share Posted October 26, 2011 What did the disasters do to the Japanese yen? made it go higher vs the US dollar Link to comment Share on other sites More sharing options...
kamui Posted October 31, 2011 Report Share Posted October 31, 2011 What did the disasters do to the Japanese yen? made it go higher vs the US dollar The Yen got terribly strong... The yen was strong before Fukushima and it got even worse. In the last 24 months the YEN went 20% up to the Euro (also of course because the Euro went down). We do business with Japan and the strong YEN makes it very complicated. Link to comment Share on other sites More sharing options...
cavanami Posted November 2, 2011 Report Share Posted November 2, 2011 Just when I thought I had something figured out... With October exports down qoq and yoy and November and December exports most likely down even further, you can expect the baht to fall against the dollar. With a market selloff (now), look for the baht to weaken from about the 10th onward into December. Our strategist is forecasting 33 baht to the dollar by Nov. 30. This will continue for some weeks until exports fully return to normal. Nearly all manufacturing sectors are effected now between direct flood damage/stoppage and parts shortages. Note: ex. The bottled water shortages are caused by a shortage of plastic bottles and disrupted deliveries. Link to comment Share on other sites More sharing options...
think_too_mut Posted November 19, 2011 Report Share Posted November 19, 2011 The Yen got terribly strong... The yen was strong before Fukushima and it got even worse. In the last 24 months the YEN went 20% up to the Euro (also of course because the Euro went down). We do business with Japan and the strong YEN makes it very complicated. THB could go even stronger (as it has but but nothing spectacular, not going down anyway). Japanese Yen went up in an anticipation there would be a massive reconstruction work, generating demand and spending. For me, no change, as I earn and spend in Japan. If I had something to pay off overseas, then good (microeconomics). Link to comment Share on other sites More sharing options...
gobbledonk Posted November 24, 2011 Report Share Posted November 24, 2011 I see it this way - if the rest of the world was strong, Thailand might have a problem keeping the value of the baht so high, but when you look at the situation Europe and the US are currently faced with ..... The Pacific Peso, by contrast, takes a pounding everytime someone mentions demand contracting in China - thats on the odd days when our media isnt going on about how much money people make driving trucks at the mines. Link to comment Share on other sites More sharing options...
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