elef Posted May 13, 2008 Report Share Posted May 13, 2008 Bangkok Post Today Link BoT: Baht softens temporarily An ongoing softening of the Thai currency, the baht, against the US dollar is expected for a short-term basis while inflationary rate in Thailand is projected to continue rising on the back of increasing in oil and commodity prices, Bank of Thailand (BoT) governor Tarisa Watanagase said Tuesday. Mrs Tarisa told participants attending a Euromoney fair that the baht which had fallen to about Bt32.20 against the dollar on the onshore market now was considered lowest in the past two-and-a-half-month but the impact was still not too serious. There are still both buying and selling of the dollars by importers and exporters and the weakening of the baht would be temporary, said Mrs. Tarisa. The central bank will monitor the movements of the baht to ensure that it is not soften or strengthen too fast and the currency must move within the market demand and supply. On Thailand's economy, she said it grew more than 6 per cent during the first quarter this year with investment expanded 7.2 per cent during the period, exports up 21 per cent and the current account enjoyed a surplus of about US$3 billion. This year, the country's current account is expected to enjoy a surplus of around US$4-7 billion due to disbursement by the government, said Mrs Tarisa. The government-sponsored mega-projects will also help stimulate private investment in future. Inflation last month rose to 6.2 per cent as global oil prices continued increasing, she said, adding that the BoT would follow movements of goods prices closely. Meanwhile, Deputy Prime Minister and Industry Minister Suwit Khunkitti said he was confident economic growth during the second half this year would surpass the first half on the back of solid economic fundamentals and fine investment atmosphere. The World Bank has now ranked Thailand 15th out of 178 countries among the most attractive countries for investment and the government will adjust investment regulations to facilitate foreign investors, said Mr. Suwit. He said the government has projected to invest on improving infrastructure at US$66 billion between 2008-2011. (TNA) Link to comment Share on other sites More sharing options...
drogon Posted May 13, 2008 Report Share Posted May 13, 2008 Good if it lasts till July -> can have more bht for my euro too maybe. Link to comment Share on other sites More sharing options...
cavanami Posted May 20, 2008 Report Share Posted May 20, 2008 July? it didn't even last for the month of May! Now on the way down (up for the baht). bank of BKK showing 31.73 Link to comment Share on other sites More sharing options...
gobbledonk Posted May 20, 2008 Report Share Posted May 20, 2008 Still getting a good number for the Pacific Peso : http://www.bangkokbank.com/Bangkok+Bank/Web+Services/Rates/FX+Rates.htm As I told SD, if I can walk in off the street and get 30.1 baht per dollar in my pocket, I will be a very happy camper. Sadly, I cant remember if the banks along Suk are open on Saturday mornings ... Link to comment Share on other sites More sharing options...
Old Hippie Posted June 6, 2008 Report Share Posted June 6, 2008 US$1=32.88 as of a few minutes ago. Link to comment Share on other sites More sharing options...
CTO Posted June 6, 2008 Report Share Posted June 6, 2008 Aus $ VERY high - just looked Link to comment Share on other sites More sharing options...
Torneyboy Posted June 6, 2008 Report Share Posted June 6, 2008 Nearly 96 to US$.... Link to comment Share on other sites More sharing options...
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