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Baht sets new nine year high--Every day now!

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Every day now the baht is setting a new record high. I know the topic is "same same." But those here on a fixed income have to cut back somehow and I am a little concerned at how high the baht will go. The boys still want the same, so it means cutting back here and there. One less boy a week, and fewer visits to check out the bars. I don't just throw my money around like before. I almost dread looking at the exchange rate on the bank wall. I love it here, it's just now as cheap as it used to be.

There is still some hope. Yesterday the baht closed at 34.56 to the US dollar. Just a few minutes ago it was at 34.76. Immediately prior to posting this I checked again and now it is at 34.80. Let's hope it's the beginning of a reversal, but it's obviously too soon to count on that.

 

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