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11th June 2008, 06:43
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#181 (permalink)
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Capricious
is.....
Regular User
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Re: Currency Exchange Rates Thread
33.25 baht per 1 US dollar at the moment. If it continues to rise I might have to transfer some cash into baht.
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11th June 2008, 09:15
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#182 (permalink)
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aging one
is.....
Space Cowboy
Join Date: Jan 2005
Location: don muang
Posts: 48,666
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Re: Currency Exchange Rates Thread
shit, go back down.
__________________
Too long in Exile, too long not singing my song.
Too long like a rolling stone, Too long in exile
Too long in Exile, baby you just arent my friend.
Too long in Exile my friend, Baby you can never go home again.
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11th June 2008, 10:20
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#183 (permalink)
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kenkannif
is.....
Blah! Blah! Blah!
Join Date: Aug 2004
Posts: 30,978
vCash: 500
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Re: Currency Exchange Rates Thread
And the Pound seems to be over 64 now...a week after I got loads of money sent over...cheers God!!!
__________________
Riddle me this brother can you handle it
Your style to my style you can't hold a candle to it
Equinox symmetry and the balance is right
Smokin' and drinkin' on a Tuesday night
It's not how you play the game it's how you win it
I cheat and steal and sin and I'm a cynic
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12th June 2008, 01:47
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#184 (permalink)
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esoteric1
is "Clutch"
Minister of Peace
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Re: Currency Exchange Rates Thread
Quote:
Originally Posted by Piece Train
Keep on truckin'
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advice duly noted 
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12th June 2008, 03:49
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#185 (permalink)
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insideleft
is.....
a little to the left
Join Date: Jul 2005
Location: london
Posts: 195
vCash: 500
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Re: Currency Exchange Rates Thread
Quote:
Originally Posted by kenkannif
And the Pound seems to be over 64 now...a week after I got loads of money sent over...cheers God!!!
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What does she have to do with the pound KK?
I'm just beginning to see a thing in the markets. Last December sent pounds to oz because the pound was weakening...then the baht started to devalue against to oz dollar, so my decision looked really good...the pound has continued to weaken against the oz dollar, so now I can make some wonderful money returning the cash I sent last December...funny thing is...now the baht is weakening against the pound, I can make more money on the money from oz to the uk, to Thailand...two-hits on the same pile of money.
The thing is, I'm essentially a financially conservative left-wingist...so even tho I can see there is money to be made...I am really frightened to begin gambling in the markets...
I've seen many make and many lose money in those devilish markets...and I don't really need more money, but I do need what I've managed to save...
Anyhoop...
E t R |
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12th June 2008, 04:07
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#186 (permalink)
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buddahas
is is is is is is is is is
I Love Oishi
Join Date: Jan 2007
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Re: Currency Exchange Rates Thread
Quote:
Originally Posted by insideleft
I've seen many make and many lose money in those devilish markets...and I don't really need more money, but I do need what I've managed to save...
Anyhoop...
E t R
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I lost $10,000 of my hard earned money in 2 days, so I think I will stick to your philosophy. |
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12th June 2008, 11:06
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#187 (permalink)
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kenkannif
is.....
Blah! Blah! Blah!
Join Date: Aug 2004
Posts: 30,978
vCash: 500
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Re: Currency Exchange Rates Thread
Quote:
Originally Posted by insideleft
What does she have to do with the pound KK?
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I reckon she or he has the power to make it go up and down like.
__________________
Riddle me this brother can you handle it
Your style to my style you can't hold a candle to it
Equinox symmetry and the balance is right
Smokin' and drinkin' on a Tuesday night
It's not how you play the game it's how you win it
I cheat and steal and sin and I'm a cynic
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28th June 2008, 01:52
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#188 (permalink)
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Capricious
is.....
Regular User
Join Date: Jun 2007
Posts: 1,233
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Re: Currency Exchange Rates Thread
I am heading out to x-fer some US Dollars to Thai Baht in my Thai account. Right now SCB will give me a rate of about 33.87 per dollar. I was waiting till it hit 34 to x-fer, but it seems like it has slowed down a bit and I am not sure if it will start to regress of not.
Then I am going to wait awhile to see what the trends look like.
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30th June 2008, 10:22
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#189 (permalink)
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kenkannif
is.....
Blah! Blah! Blah!
Join Date: Aug 2004
Posts: 30,978
vCash: 500
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Re: Currency Exchange Rates Thread
Almost 67 Baht to the Pounds...oh happy days!!!
__________________
Riddle me this brother can you handle it
Your style to my style you can't hold a candle to it
Equinox symmetry and the balance is right
Smokin' and drinkin' on a Tuesday night
It's not how you play the game it's how you win it
I cheat and steal and sin and I'm a cynic
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17th September 2008, 14:33
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#190 (permalink)
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MisterStretch
is an unappreciated poster.
Senior Member
Join Date: Oct 2005
Location: Boondocks, Korea
Posts: 7,296
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Re: Currency Exchange Rates Thread
I'm being paid in South Korean Won and I'm taking a hammering right now, the damned Won is 30.4 baht to 1,000 won right now, I figure I'm losing $400 a month difference since the beginning of the year.
Shit, shit, shit, shit.
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17th September 2008, 15:46
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#191 (permalink)
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Eric C
is.....
Eye of the Tiger
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Location: Soi Baan farang
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Re: Currency Exchange Rates Thread
Can you convert to another currency (USD perhaps) before then converting again to THB to reclaim some of that Stretch?
__________________
"It is anti-pedagogical to expect campesino students to be educated [in a schoolhouse in such poor condition], while government officials drive Mercedes cars. That is what we are fighting against."
--Ernesto "El Che" Guevara (hours before his execution)
"I don't believe that drug addiction is an occupational hazard."
-- Duke Ellington (Playboy's "Narcotics and Jazz Musicians" panel discussion)
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8th October 2008, 14:33
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#192 (permalink)
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russellsimpson
is.....
Senior Member
Join Date: Oct 2005
Location: Muskogee, Oklahoma, USA
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Re: Currency Exchange Rates Thread
How are folks feeling about the baht at the moment.
Indonesia seems in meltdown mode.
I know there are instruments in place that only allow for a certain percentage drop in a twenty four hour period.
I can't imagine why the baht isn't falling faster than it is? What are folks doing with their baht holdings. I'm thinking tomorrow I head to yonder bank and pretty well liquidate all baht holdings.
This coming weekend could be precarious in my view.
I can see it going to 40 baht to the dollar, though I know that sounds extreme.
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If you're being run out of town, get in front of the crowd and make it look like a parade.
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8th October 2008, 17:05
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#193 (permalink)
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aging one
is.....
Space Cowboy
Join Date: Jan 2005
Location: don muang
Posts: 48,666
vCash: 90
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Re: Currency Exchange Rates Thread
Quote:
Originally Posted by russellsimpson
I can see it going to 40 baht to the dollar, though I know that sounds extreme
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How do you see it going so bad so fast russell?
__________________
Too long in Exile, too long not singing my song.
Too long like a rolling stone, Too long in exile
Too long in Exile, baby you just arent my friend.
Too long in Exile my friend, Baby you can never go home again.
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8th October 2008, 21:02
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#194 (permalink)
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russellsimpson
is.....
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Join Date: Oct 2005
Location: Muskogee, Oklahoma, USA
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Re: Currency Exchange Rates Thread
Not for any one reason AO.
It just seems that for the last couple of weeks all bets are off. One day an institution is bragging big profits and the next morning they're in bankruptsy court.
I know it seems far flung considering these economies are much better "insulated" than back in 1997.
I'm not really trying to sell my view here but looking for suggestions from those a little more economically savvy, particularly as it relates to the emerging markets.
I know the fundamentals including currency reserves, balance of trade are still in good shape.
If Indonesia goes into the shitter, why not Thailand?
__________________
If you're being run out of town, get in front of the crowd and make it look like a parade.
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8th October 2008, 21:09
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#195 (permalink)
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aging one
is.....
Space Cowboy
Join Date: Jan 2005
Location: don muang
Posts: 48,666
vCash: 90
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Re: Currency Exchange Rates Thread
Quote:
Originally Posted by russellsimpson
If Indonesia goes into the shitter, why not Thailand? __________________
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Russell here is why history. 1980 Thai baht 25 to the dollar. 500 rupiah to the dollar.
Today its 34 or 35 to the dollar on the baht and 10,000 on the rupiah. No banking apparatus in Indonesia. When the shit hit the fan 12 years ago they tried to attract money and were giving 17% interest. Look what the end result is. Despite the politics this is a fairly stable economy.
But I will give you this. I was stupid and didnt change into dollars at 32. But seeing what was going on I made a substantial transaction at 34, and will do again if it hits 34.90. Better to be safe than sorry.
__________________
Too long in Exile, too long not singing my song.
Too long like a rolling stone, Too long in exile
Too long in Exile, baby you just arent my friend.
Too long in Exile my friend, Baby you can never go home again.
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