Nervous God Posted September 24, 2010 Report Share Posted September 24, 2010 ...word is the baht will weaken by the middle of next week...stay tuned... Well it's now the end of next week, so . . . . . how much did you make on that one? Link to comment Share on other sites More sharing options...
LizardKing Posted September 24, 2010 Report Share Posted September 24, 2010 Ron Paul puts out mis-info? Sorry, do not agree with that one. Back to topic...Thai Baht...sitting here in the Windy City, I will bounce an email to Mr. B who claimed that the Baht was to weaken back to 31.5 vs the USD...will advise. Why not? I'm sure he believes the tripe. But he's not writing so, so the point is moot. Mr B should find a new line of work. http://www.bangkokpost.com/business/telecom/197714/korn-admits-stronger-baht-is-harming-business -- money quote: "'The baht is expected to appreciate further since the US dollar will weaken,' Mr Korn told an economic seminar last night held by Ramkhamhaeng University's political science faculty." As I said before, *my* Thai financial guys are at 29.5 by years end... Link to comment Share on other sites More sharing options...
cavanami Posted September 24, 2010 Report Share Posted September 24, 2010 ...still waiting for a reply from Mr. B...will post what he says as it happens...in the mean time, we will have to ask K'Noi or K'Lek Link to comment Share on other sites More sharing options...
Old Hippie Posted September 24, 2010 Report Share Posted September 24, 2010 My source...as usual, in LOS, a lot of people appear to be full of shit... Link to comment Share on other sites More sharing options...
chelseafan Posted September 24, 2010 Report Share Posted September 24, 2010 They don't have huge external debt (unfavorable balance of trade) because the duty on anything imported to Thailand is high enough to make the item at least 30% higher than the same item sold in the U.S. I doubt that has anything to do with it. If I export wine from the UK to the U.S. it is considerably higher in price due to duties, distributor charges etc. Link to comment Share on other sites More sharing options...
chelseafan Posted September 24, 2010 Report Share Posted September 24, 2010 The question I ask myself - is it worth buying baht now. Everyone seems to think the baht will go lower against the $ and £ seems lke I could make a killing On a seperate note....2500 posts Link to comment Share on other sites More sharing options...
allistar Posted September 24, 2010 Report Share Posted September 24, 2010 My point was that Thailand has a duty/tariff rate considerably higher than the U.S. and many other western countries. It has the dual effect of making money for the Thai government and keeping the amount of imported goods down. This would certainly help in keeping Thailand's balance of trade in the positive. I do realise that Thailand does not have a large middle class to purchase these goods, so lowering duty would not have the same effect as it would in the U.S. Link to comment Share on other sites More sharing options...
Coss Posted September 24, 2010 Report Share Posted September 24, 2010 I know nothing and reading all the posts above from learned and not so learned colleagues, leads me to this conclusion. The market will ultimately drive the rate. Most of the time the powers that be will set the rate in their favour. Every now and then the Market will smash the powers that be. No one has ultimate control over these things. May be that's too simple. Link to comment Share on other sites More sharing options...
Nervous God Posted September 25, 2010 Report Share Posted September 25, 2010 You left out Cav is wearing a Tin Foil Hat Link to comment Share on other sites More sharing options...
allistar Posted September 25, 2010 Report Share Posted September 25, 2010 I stand corrected. Reading another Thai forum tonight, I was reminded of one area that Thai imports more than it exports; foreign husbands. I don't think that shows up on the Import/export balance sheet, though. Link to comment Share on other sites More sharing options...
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