cavanami Posted September 2, 2008 Report Share Posted September 2, 2008 Will the Baht dip to 35 = $1 USD? http://sg.finance.yahoo.com/currency 1 U.S. $ = 34.4500 07:40 02 Sept 2008 Link to comment Share on other sites More sharing options...
Old Hippie Posted September 2, 2008 Report Share Posted September 2, 2008 Yes, and hopefully weaken even more. Of course that is no guarantee that the prices won't adjust to compensate. Link to comment Share on other sites More sharing options...
Singhaman Posted September 2, 2008 Report Share Posted September 2, 2008 It was at 34.58 THB just a few minutes ok and if the situation will get worse overnight then you may wake up with 35er. Link to comment Share on other sites More sharing options...
FreeTime Posted September 2, 2008 Report Share Posted September 2, 2008 Baht slumps to one year low against the U.S. $: http://www.rttnews.com/ArticleView.aspx?Id=699039 Link to comment Share on other sites More sharing options...
elef Posted September 3, 2008 Report Share Posted September 3, 2008 Bangkok Post 3-09-2008 Link BoT upbeat about economic fundamentals Bank of Thailand (BoT) governor Tarisa Watanagase on Wednesday expressed confidence in the country's strong economic fundamentals, saying that the sluggish economy could turn around if the country's domestic political turmoil come ends to an end shortly. "Our economic fundamentals remain strong, our fiscal position is stable, and the status of financial institutions is sound. "So, we think the overall economy is strong enough to contain the impacts of the ongoing political disturbance. Still, everyone hopes the situation will return to normal and our economy will turn to go ahead," she said. Regarding the continued weakening of the baht for the moment, she said the currency depreciation stemmed from external factors and noted that the baht had moved in conjunction with other currencies in the region. "Only the stock market has been affected by internal factors," she said, "and other regional stock markets have edged down in the same direction. "Actually, foreign capital has not only flowed out of Thailand, but also from other countries in the region as can be witnessed by the weakening of regional currencies. The capital outflow stems mainly from external factors," Mrs Tarisa said, speaking about the weakest showing of the baht in 13 months on Tuesday's trading. The central bank chief viewed the inflation remained a risk factor to the economy despite a decline last month because global oil prices are still volatile. (TNA) Link to comment Share on other sites More sharing options...
cavanami Posted September 3, 2008 Author Report Share Posted September 3, 2008 As of today, 6:45PM Yahoo 1 U.S. $ = 34.4700 http://sg.finance.yahoo.com/currency Seems to be resistance in getting to 35 Link to comment Share on other sites More sharing options...
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