Gaybutton Posted July 31, 2006 Posted July 31, 2006 The Thai baht is continuing to get stronger against the US dollar. Only a couple of months ago the predictions were that the exchange rate would reach 42 baht to the US dollar. It isn't working that way, at least not yet. This morning, the exchange rate opened at 37.69. BANGKOK, July 30 (TNA) The baht/dollar exchange rate could hit yet another new height this week as the Kasikorn Research Centre anticipates the baht to hover at the range of 37.65 to 38.15 per dollar. Factors affecting the exchange rate this week include the US economic performance in the second quarterand the monthly key economic indicators for the month of June, which are due to be announced by the Bank of Thailand on Monday, the research house said. During the past week, the baht rose steadily to strengthen against the dollar. The Criminal Court verdict that the three members of the Election Commission broke the law helped to clear the air, pushing the baht on the back of the US dollar since mid-week to hit a two-week high at 37.79 on Thursday. For the entire week, the baht averaged 37.82 per dollar compared to 37.95 the previous week. (TNA)-E007 Quote
Guest LoeplohandNalac Posted July 31, 2006 Posted July 31, 2006 the way the Americans spending money( are in debt) and make war( are disliked) we see an exchange rate of 0 baht to the dollar. They call it a dollar crash !! Quote
