Gaybutton Posted May 12, 2008 Posted May 12, 2008 For months now, the exchange rate for the baht to US dollar has been hovering around 31.2 to 31.3. Last week the baht began to inch its way toward 31.4 to 31.5. This morning the rate opened at 31.92. That's the best its been in months. Here are the opening rates for today, May 12. I will edit this post later and let you know the closing rates. I have no idea why the exchange rate is finally starting to get a little more favorable, but I'm certainly not complaining. I'm praying that the trend continues: Opening rates: US Dollar: 31.92 Euro: 49.29 British Pound: 62.205 Australian Dollar: 29.9025 Canadian Dollar: 31.565 __________ YIPPEE!!!!! Exchange Rate Gets to 32!!! I thought I'd never live to see the day when the dollar actually begins to strengthen again. Keep your fingers crossed folks. Closing Rates: US Dollar: 32.01 Euro: 49.175 British Pound: 62.255 Australian Dollar: 29.89 Canadian Dollar: 31.62 Quote
Gaybutton Posted May 13, 2008 Author Posted May 13, 2008 Tuesday, May 13: Opening rates: US Dollar: 31.98 Euro: 49.545 British Pound: 62.385 Australian Dollar: 30.125 Canadian Dollar: 31.655 _____ Closing Rates: US Dollar: 32.07 Euro: 49.70 British Pound: 62.505 Australian Dollar: 30.2375 Canadian Dollar: 31.745 Quote
Gaybutton Posted May 14, 2008 Author Posted May 14, 2008 Wednesday, May 14: Opening rates: US Dollar: 32.19 Euro: 49.67 British Pound: 62.505 Australian Dollar: 30.1225 Canadian Dollar: 31.8925 _____ Closing Rates: US Dollar: 32.28 Euro: 49.685 British Pound: 62.53 Australian Dollar: 30.005 Canadian Dollar: 31.9425 Quote
Gaybutton Posted May 15, 2008 Author Posted May 15, 2008 Thursday, May 15: Opening rates: US Dollar: 32.18 Euro: 49.665 British Pound: 62.515 Australian Dollar: 29.8275 Canadian Dollar: 31.8875 _____ Closing Rates: US Dollar: 32.19 Euro: 49.95 British Pound: 62.57 Australian Dollar: 30.01 Canadian Dollar: 32.025 Quote
Gaybutton Posted May 16, 2008 Author Posted May 16, 2008 Friday, May 16: Opening rates: US Dollar: 32.16 Euro: 49.625 British Pound: 62.535 Australian Dollar: 30.14 Canadian Dollar: 32.00 _____ Closing Rates: US Dollar: 32.17 Euro: 49.695 British Pound: 62.565 Australian Dollar: 30.2125 Canadian Dollar: 31.995 Quote
fedssocr Posted May 16, 2008 Posted May 16, 2008 there are always these sorts of little fluctuations. I would suspect that the TBT is coming back a little bit based on the inflation worries in LoS. Over the long term future though I don't see how the USD can do anything but continue it's decline. The level of national debt is just so high with no manufacturing economy to really increase exports which will leave us sinking. It's pretty depressing, in every sense of the word. Quote
Gaybutton Posted May 20, 2008 Author Posted May 20, 2008 Note: There was a problem with the board this morning and it was not accessible until now. Obviously, now the problem is fixed, but today's opening rates are actually "Round 3" rates since I couldn't get onto the board until now. Tuesday, May 20: Opening rates: US Dollar: 31.99 Euro: 49.62 British Pound: 62.39 Australian Dollar: 30.5225 Canadian Dollar: 32.13 _____ Closing Rates: US Dollar: 31.91 Euro: 49.70 British Pound: 62.325 Australian Dollar: 30.485 Canadian Dollar: 31.995 Oh well, it was a nice dream, but it looks like the dollar is slipping against the baht again. Damn! If nothing else, most Americans who live in Thailand, who were also eligible for the tax rebate, who were also to receive it via direct deposit to a Thai bank account, received it while the baht was still at its recent peak. Quote
Gaybutton Posted May 21, 2008 Author Posted May 21, 2008 Sorry, I didn't get today's opening rates. Wednesday, May 21: Closing rates: US Dollar: 31.71 Euro: 49.795 British Pound: 62.28 Australian Dollar: 30.3575 Canadian Dollar: 31.9075 Quote
Gaybutton Posted May 22, 2008 Author Posted May 22, 2008 Thursday, May 22: Opening rates: US Dollar: 31.64 Euro: 49.88 British Pound: 62.34 Australian Dollar: 30.3575 Canadian Dollar: 32.03 Once again, the Canadian dollar has surpassed the US dollar in value. So far, with the exception of the US dollar, which is now in decline, the other major currencies are still increasing in value. __________ Closing rates: US Dollar: 31.70 Euro: 50.01 British Pound: 62.52 Australian Dollar: 30.3825 Canadian Dollar: 32.06 Quote
Gaybutton Posted May 23, 2008 Author Posted May 23, 2008 Friday, May 23: Opening rates: US Dollar: 31.76 Euro: 49.84 British Pound: 62.76 Australian Dollar: 30.25 Canadian Dollar: 32.0675 _____ Closing rates: US Dollar: 31.88 Euro: 50.065 British Pound: 62.99 Australian Dollar: 30.4925 Canadian Dollar: 32.185 Quote
Gaybutton Posted May 26, 2008 Author Posted May 26, 2008 Monday, May 26: Opening rates: US Dollar: 31.92 Euro: 50.29 British Pound: 63.19 Australian Dollar: 30.5025 Canadian Dollar: 32.16 _____ Closing rates: US Dollar: 31.95 Euro: 50.305 British Pound: 63.16 Australian Dollar: 30.565 Canadian Dollar: 32.21 Quote
Gaybutton Posted May 27, 2008 Author Posted May 27, 2008 Tuesday, May 27: Opening rates: US Dollar: 32.10 Euro: 50.61 British Pound: 63.535 Australian Dollar: 30.735 Canadian Dollar: 32.2925 _____ Closing rates: US Dollar: 32.12 Euro: 50.53 British Pound: 63.455 Australian Dollar: 30.66 Canadian Dollar: 32.2275 Quote
Gaybutton Posted May 28, 2008 Author Posted May 28, 2008 Wednesday, May 28: Opening rates: US Dollar: 32.06 Euro: 50.24 British Pound: 63.23 Australian Dollar: 30.6325 Canadian Dollar: 32.1525 _____ Closing rates: US Dollar: 32.05 Euro: 50.335 British Pound: 63.385 Australian Dollar: 30.695 Canadian Dollar: 32.145 Quote
Gaybutton Posted May 28, 2008 Author Posted May 28, 2008 As you can see, there hasn't been any significant changes over the past several days. The above post will be the last on this thread. I will, of course, keep monitoring. If any significant movement occurs, that's when I'll start a new thread. Quote
Guest tdperhs Posted June 3, 2008 Posted June 3, 2008 As you can see, there hasn't been any significant changes over the past several days. Granted, it's not an earth shattering change but, according to Reuters, which American Express uses to establish exchange rates for baht/dollar purchases, the current rate is 32.74 TB/USD. "Slow but steady wins the race." ...Aesop. However, since I will be returning in four weeks, a little fast and intermittent would be vastly appreciated. Quote
Gaybutton Posted June 3, 2008 Author Posted June 3, 2008 Granted, it's not an earth shattering change but, according to Reuters, which American Express uses to establish exchange rates for baht/dollar purchases, the current rate is 32.74 TB/USD. I hope you get that rate or better. The actual closing rate for Tuesday, June 4 was 32.43. Quote
Gaybutton Posted June 6, 2008 Author Posted June 6, 2008 I said I would continue publishing the opening and closing rates for the baht if any significant movement continues. Right now the movement is significant, and still moving favorably. The closing rates for today, Friday, June 6 are: US Dollar: 32.94 Euro: 51.27 British Pound: 64.34 Australian Dollar: 31.40 Canadian Dollar: 32.2075 The Bank of Thailand is saying the reason for the current trend is due to a major sell-off of Thai stocks. As for me continuing to publish the rates, I'm afraid I will not be able to keep my promise for most of next week. I will be out of town most of the week and will not be able to publish the rates until I return. If you wish to monitor the rates yourself, I suggest the Bank of Ayudhya web site as the most accurate and most often updated: http://www.krungsri.com/thai/exchange01.aspx Quote
Gaybutton Posted June 9, 2008 Author Posted June 9, 2008 Monday, June 9: Opening rates: US Dollar: 33.11 Euro: 52.165 British Pound: 65.115 Australian Dollar: 31.7325 Canadian Dollar: 32.3875 _____ Closing rates: US Dollar: 33.04 Euro: 52.145 British Pound: 65.08 Australian Dollar: 31.675 Canadian Dollar: 32.3875 Quote
Bob Posted June 9, 2008 Posted June 9, 2008 33.11? Heck, that's an increase of 6.8% since February when I was in LOS. Hey, every little bit helps (and it encourages me to delay topping off my account in Chiangmai!). Quote
Guest zzrichard Posted June 9, 2008 Posted June 9, 2008 33.11? Heck, that's an increase of 6.8% since February when I was in LOS... Using the site provided by Gaybutton, I went as far back as I could and here are the stats for the same time/date period in recent years.. 34.42000 2007 38.22000 2006 40.45000 2005 40.40000 2004 41.58000 2003 42.27000 2002 Now using the increase of 6.8% increase in a 4 month span, when will my bank account be smiling again? ...I wish... Quote
Guest buaseng Posted June 9, 2008 Posted June 9, 2008 Central Bank jumps in to strengthen falling baht The Bank of Thailand on Monday intervened in the foreign exchange market to halt a rapid slide of the baht currency, officials said. Suchada Gillakul, assistant to the central bank's governor, said the intervention was deemed necessary after the baht dropped to 33.41 to the dollar Monday morning, its lowest rate in five months. It had closed Friday at 32.96. "We will investigate whether foreign investors are speculating on the baht," she told reporters. After the intervention, the baht traded at 33.22 to the dollar Monday afternoon. Like most Asian currencies, the Thai baht has steadily appreciated against the dollar, gaining almost 20 per cent over the past two years before starting to weaken last month in the wake of rising inflation, growing political instability, declines on the stock market and slowing growth projections. By midday Monday, the Stock Exchange of Thailand index had fallen 1.3 per cent largely in response to a dramatic fall on Wall Street Friday. (dpa) http://www.bangkokpost.com/breaking_news/b...s.php?id=128088 Quote
Bob Posted June 9, 2008 Posted June 9, 2008 If the BOT is announcing publicly that it's jumping in to stop the depreciation of the baht, it's probably a fair bet that this will accelerate the depreciation. Quote
