Baht What up with Dat?????

[rickfarang]

And with Bush rattling his saber again, this time in the direction of Iran, I can't see how the US Dollar could get any stronger in the near future.

[Bump]

Well it stayed on line long enough so here you go

http://www.ratesfx.com/predictions/pred-thb.html

[rossdunstan]

Ray,

Thank you for that. Makes interesting reading.

Ross

[rickfarang]

That's page looks like a very valuable resource.

If the predictions are even close, then the dollar's near-term future is grim.

[Bump]

Somthing tells me when the dollar gets low enough things will turn around there was a perido in the last few years where Bush refused to strengthen the dollar because it was creating a good export climate fro the states.

Isn't it odd how some family traditions carry on, Uncle George 1 said there was no problems with the economy, I believe during the first conflct. Cost him the election. Uncle George 2 slipped in for the second term and his idea seem to follow papas pretty close.

At some point America will take a nother serious charge at the deficit and thing will improve.

The one thing that is bothering me is I did a short stint Kuwait a fwe years back and the question them was when were we going in to Iran and that was before the nuceular ( how the heck do you spell that old age is hell )questions.

In all of our wars there have been those who became very wealthy, that has not changed. Unfortunately they have great connections and often looked upon as heros. While the average American does with our, anyone remeber the vistory gardens, I don't but I do know of them.

My biggest fear when we went into Iraq was that it wouldn't be limited engagement, and hence another Nam. We didn't understand that country and I doubt that we understand Iraq either.

I saw something where Americans are again starting the Anti war protests. so are we repeaeting history again. If so don't look for rises on the dollar anytime soon.


Sorry guy just think the politics in this case has a lot to do with dollars problems. I'm American and believe things will change. I just don't always believe we are right in out actions.

Wouldn't be great if China took over the role a big brother to the world, then it could always be wrong
It will be interesting to fllow that sites predictions and see just jhow accurate they turn out to be.

[Bump]

Just did a interesting check heck even the Kip is going up

[charley]

Yeh poor things with the USD & Brit Pounds.. try exchanging the Aussie $ then you WILL cry in your beer!

Cheers!


Charley

[rossdunstan]

Although our $AUD has been strengthening in the past couple of weeks against both the baht and the $US.

A couple of weeks ago I worked out the $AUD had dropped 10.2% against the baht and the $US 4.5%.

Now the figures are more like the $AUD 8.1% and the $US 8.6%

Be thankful you aint from NZ, last time I did the exercise they had dropped over 21%.

Ross

[Dakoda]

What I got from a reliable source was its (baht) at about it highest now, plus or minus, so figure $1 = 37.25 to 37.50 then moving UP - so time will tell

[Roadman]

With the Kiwi $ it has been holding for the last couple of weeks. Dropped right down to 23 Baht but has slowly climbed back to just short of 24.

I guess you have to look at highs and lows. 5 years ago it was only 20 Baht to the Kiwi, and that was the price I become accustomed to. The 29 Baht at Xmas was a bonus, so the 23 to 24 range at the moment is still good money from my point of view. Plus I brought a heap of Baht at 28 in January when it was started going down for this years Thailand holidays. The ones who are probably feeling the pinch are those that set their future expectations on a low Baht market.

[rossdunstan]

Your Kiwi $ generally tracks ours to a point so by the $A holding its own we have held up together.

But I do agree with you in your comments. I always used.. many years ago... work on 20 baht to the dollar having seen as low as mid 16's say 20 years ago. Even in 2002 I think ours was around the 23 mark so the 30.8 I got early December was a huge bonus.

I was working on 30 to the $ when doing my retirement sums so dropping to nearly 27 wiped out over 10% of my available income and made me reassess my plans. In the end I've decided to try and bumble through realising that these fluctuations will happen and generally even out over time.

Against that, the Australian sharemarket has been flying and 1 of my funds has stacked on 40% in the past 11 months so its win a bit lose a bit for me. Thank you BHP.. my upcoming retirement can in part be attributed to you.

Ross

[Roadman]

Yeap I'm buggered if I know Ross. We are getting the same gains here (shares and company gainshare from NZ$ down = exports increase value = company profit increase), so the exchange rate does not worry me, with it sitting where it currently is. Plus the big ticket items in Thailand (house and land) have been paid for at exchange rates in our favour.
Its Thai girl who is a bit miffed at the whole thing as it is her personnel responsibility for the thai family monthly costs, so its her income that will take a hit in another two months when the Xmas Baht buy up runs out.

[Bump]

Looks like the dollar and pound got a little stronger in the past few days, should be interesting to see how accurate the projection from the chart turns out to be.

Haven't got a clue as to why

[arjay]

Yes, the pound has moved up quite well against the dollar over the last few days. It's currently at 1.84875. But not so much against the baht, which is currently at 69.74. I need it to be back to the old 75 baht to the pound.

[Bump]

Well lets hope, would be nice

[arjay]

I see this morning the Pound has reached 1.85 US$ dollars and 70 baht. Progress is being made!

The dollar baht rate I believe is about 37.5

[rossdunstan]

And the $AUD crept up over 29 last night and is nearly 77 cents to the $US.

Was watching a TV show last night where they showed the progress of our dollar against the $US. At one stage, ok many years ago, it was $3.50 US to 1 $AUD. I remember getting $1.20 US for an aussie in the mid 70's but also remember it dropping to 47.5 cents a few years ago.

There may be a little pain at the moment but these things seem to even themselves out over time.

Ross

[Dakoda]

by Bloomberg today, the baht is at 37.81 to the USD up +.06

[Bump]

04/29/2006 37.53150
04/30/2006 37.68990
05/01/2006 37.690
05/02/2006 37.51860
05/03/2006 37.60570
05/04/2006 37.63820
05/05/2006 37.81540


FX a few mins ago, not bad

[Dakoda]

What the BOT

is doing - from The Nation