Gaybutton Posted September 2, 2008 Share Posted September 2, 2008 The political turmoil in Thailand is starting to take its toll on the baht. Yesterday the baht closed at 34.11 against the US dollar. For the next several days I'll post the opening and closing rates on this thread. As always, I will edit the post at the end of the day to include the closing rates: Monday, September 2 Opening Rates: US Dollar: 34.27 Euro: 49.88 British Pound: 61.405 Australian Dollar: 29.0025 Canadian Dollar: 31.9425 __________ Closing Rates: US Dollar: 34.29 Euro: 49.62 British Pound: 60.995 Australian Dollar: 28.40 Canadian Dollar: 31.89 Quote Link to comment Share on other sites More sharing options...
Gaybutton Posted September 3, 2008 Author Share Posted September 3, 2008 Tuesday, September 3 Opening Rates: US Dollar: 34.23 Euro: 49.555 British Pound: 60.895 Australian Dollar: 28.3575 Canadian Dollar: 31.885 _____ Closing Rates: US Dollar: 34.288 Euro: 49.285 British Pound: 60.525 Australian Dollar: 28.14 Canadian Dollar: 31.7825 Quote Link to comment Share on other sites More sharing options...
Gaybutton Posted September 4, 2008 Author Share Posted September 4, 2008 Thursday, September 4 Opening Rates: US Dollar: 34.22 Euro: 49.54 British Pound: 60.645 Australian Dollar: 28.4225 Canadian Dollar: 32.1325 _____ Closing Rates: US Dollar: 34.25 Euro: 49.63 British Pound: 60.95 Australian Dollar: 28.5575 Canadian Dollar: 32.2575 Quote Link to comment Share on other sites More sharing options...
Gaybutton Posted September 5, 2008 Author Share Posted September 5, 2008 Friday, September 5 Opening Rates: US Dollar: 34.38 Euro: 49.005 British Pound: 60.27 Australian Dollar: 27.99 Canadian Dollar: 32.0675 _____ Closing Rates: US Dollar: 34.38 Euro: 48.935 British Pound: 60.46 Australian Dollar: 27.8225 Canadian Dollar: 32.03 There will be no further rate reports posted by the banks until Monday. Quote Link to comment Share on other sites More sharing options...
Gaybutton Posted September 8, 2008 Author Share Posted September 8, 2008 Monday, September 8 Opening Rates: US Dollar: 34.22 Euro: 49.255 British Pound: 61.345 Australian Dollar: 28.31 Canadian Dollar: 32.2725 _____ Closing Rates: US Dollar: 34.33 Euro: 48.72 British Pound: 60.515 Australian Dollar: 28.1075 Canadian Dollar: 32.185 Quote Link to comment Share on other sites More sharing options...
Guest lvdkeyes Posted September 8, 2008 Share Posted September 8, 2008 Monday, September 8 Opening Rates: US Dollar: 34.22 Euro: 49.255 British Pound: 61.345 Australian Dollar: 28.31 Canadian Dollar: 32.2725 My US bank paid 34.58. Quote Link to comment Share on other sites More sharing options...
Gaybutton Posted September 9, 2008 Author Share Posted September 9, 2008 Tuesday, September 9 Opening Rates: US Dollar: 34.42 Euro: 48.45 British Pound: 60.355 Australian Dollar: 27.7725 Canadian Dollar: 32.1375 _____ Closing Rates: US Dollar: 34.34 Euro: 48.635 British Pound: 60.505 Australian Dollar: 27.8825 Canadian Dollar: 32.225 Quote Link to comment Share on other sites More sharing options...
Gaybutton Posted September 10, 2008 Author Share Posted September 10, 2008 Wednesday, September 10 Opening Rates: US Dollar: 34.42 Euro: 48.535 British Pound: 60.57 Australian Dollar: 27.5175 Canadian Dollar: 32.02 _____ Closing Rates: US Dollar: 34.41 Euro: 48.615 British Pound: 60.63 Australian Dollar: 27.6475 Canadian Dollar: 32.1275 Quote Link to comment Share on other sites More sharing options...
Guest Posted September 10, 2008 Share Posted September 10, 2008 Do you think this trend will bring the baht up to around 40 again? Quote Link to comment Share on other sites More sharing options...
Gaybutton Posted September 10, 2008 Author Share Posted September 10, 2008 Do you think this trend will bring the baht up to around 40 again? It's a nice dream, but if it happens I don't think it will happen all that quickly. Even without the current political mess, Thailand has been through so many problems within the past few years that I've lost count of them all. And yet, the baht goes steadily on. Quote Link to comment Share on other sites More sharing options...
Guest GaySacGuy Posted September 10, 2008 Share Posted September 10, 2008 I just wish I knew where the short term peak price and when it might be hit. I am in a position to make a small transfer to Bangkok Bank from US, but would like to get the best return. My credit union does the transfer free (cause I'm an old guy) so the exchange rate is the only adjustable element. Quote Link to comment Share on other sites More sharing options...
fedssocr Posted September 11, 2008 Share Posted September 11, 2008 my guess would be that the rate isn't going to change by all that much so trying to time it is probably pointless. The rate has been hovering between 34 and 35 for a while now. Even if it went to something like 36 that is only a very small percentage. Quote Link to comment Share on other sites More sharing options...
Gaybutton Posted September 11, 2008 Author Share Posted September 11, 2008 Thursday, September 11 Opening Rates: US Dollar: 34.50 Euro: 48.025 British Pound: 60.255 Australian Dollar: 27.3375 Canadian Dollar: 31.965 _____ Closing Rates: US Dollar: 34.57 Euro: 48.07 British Pound: 60.36 Australian Dollar: 27.2875 Canadian Dollar: 32.0425 Quote Link to comment Share on other sites More sharing options...
Guest fountainhall Posted September 11, 2008 Share Posted September 11, 2008 I am not sure how much of the present rise in the Baht rate against the US$ is due to the politcal turmoil and how much to the general strengthening of the dollar worldwide. I read yesterday that many of the other regional currencies have been falling by at least the same amount as the Baht. So it may be that the politcal problems have not yet been fully factored in and further falls may result. Just a thought. Quote Link to comment Share on other sites More sharing options...
Gaybutton Posted September 12, 2008 Author Share Posted September 12, 2008 Friday, September 12 Opening Rates: US Dollar: 34.55 Euro: 48.23 British Pound: 60.575 Australian Dollar: 27.57 Canadian Dollar: 32.015 _____ Closing Rates: US Dollar: 34.50 Euro: 48.57 British Pound: 60.985 Australian Dollar: 27.7725 Canadian Dollar: 32.0825 Quote Link to comment Share on other sites More sharing options...
Guest spunkyg Posted September 14, 2008 Share Posted September 14, 2008 i am coming to Bangkok for 3 days then flying down to phuket for 2 weeks hope it settles down by then and the BAHT steadys up.................. Quote Link to comment Share on other sites More sharing options...
Gaybutton Posted September 15, 2008 Author Share Posted September 15, 2008 Monday, September 15 Opening Rates: US Dollar: 34.39 Euro: 49.16 British Pound: 61.81 Australian Dollar: 28.1275 Canadian Dollar: 32.23 _____ Closing Rates: US Dollar: 34.41 Euro: 48.855 British Pound: 61.555 Australian Dollar: 27.7875 Canadian Dollar: 32.065 Quote Link to comment Share on other sites More sharing options...
Guest slackersam Posted September 15, 2008 Share Posted September 15, 2008 I worry that the storm in Gavelston plus the Lehman collapse are going to halt the climb of the dollar. Quote Link to comment Share on other sites More sharing options...
Gaybutton Posted September 15, 2008 Author Share Posted September 15, 2008 I worry that the storm in Gavelston plus the Lehman collapse are going to halt the climb of the dollar. It's almost like the relationship between the Earth and the Moon. The dollar is dropping, but so is the Thai baht, at an almost equal rate. I think the relative rates between the two are what's keeping the exchange rate just about status quo. I think if the dollar was in better shape and the Lehman Brothers collapse didn't pick right now to happen, then the exchange rate would already be much more favorable to the dollar, in light of the political chaos in Thailand. I thought because of it we'd all be experiencing an exchange rate windfall by now. It hasn't happened. The exchange rate for the US dollar moved from the 31s to the 34s rather quickly, but for the past week it has been stagnating. If I were to point my finger at the place to blame for all this mess, then I'd be pointing at the person who currently occupies the desk where "The Buck Stops Here" sign ought to be. I think if it wasn't for the enormous amount of money literally being wasted in Iraq, then the dollar would be in excellent shape by now, and so would the USA economy. It seems to me that most of those thousand points of light have blinked out. How would you like to be the speechwriter for the next State of the Union address? Quote Link to comment Share on other sites More sharing options...
Guest slackersam Posted September 15, 2008 Share Posted September 15, 2008 I'd love to be the writer for Palin's first State of the Union. I could write it as complete satire and the GOP wouldn't know the difference. Quote Link to comment Share on other sites More sharing options...
Guest Geezer Posted September 15, 2008 Share Posted September 15, 2008 .... Quote Link to comment Share on other sites More sharing options...
Gaybutton Posted September 16, 2008 Author Share Posted September 16, 2008 Tuesday, September 16 Opening Rates: US Dollar: 34.20 Euro: 48.60 British Pound: 61.285 Australian Dollar: 26.8975 Canadian Dollar: 31.8225 _____ Closing Rates: US Dollar: 34.09 Euro: 48.28 British Pound: 60.74 Australian Dollar: 26.7825 Canadian Dollar: 31.63 Quote Link to comment Share on other sites More sharing options...
Guest slackersam Posted September 16, 2008 Share Posted September 16, 2008 It looks like everyone is staying away form the FOREX market until they figure out what the Fed is going to do to Interest rates later today and/or how much the Lehman thing hits the Euro marketplace. Quote Link to comment Share on other sites More sharing options...
Guest Posted September 17, 2008 Share Posted September 17, 2008 I really am shocked that the Lehman shakeup has such an impact on the world stock markets. Truly, I am. I guess this shows how little I know of the economy. Quote Link to comment Share on other sites More sharing options...
Gaybutton Posted September 17, 2008 Author Share Posted September 17, 2008 Wednesday, September 17 Opening Rates: US Dollar: 33.87 Euro: 47.97 British Pound: 60.455 Australian Dollar: 27.105 Canadian Dollar: 31.5975 _______ Closing Rates: US Dollar: 34.15 Euro: 48.41 British Pound: 60.755 Australian Dollar: 26.9775 Canadian Dollar: 31.9625 Quote Link to comment Share on other sites More sharing options...
