PattayaMale Posted February 2, 2009 Posted February 2, 2009 Currencies This article on Blomberg shows that some Asian currencies are at their lowest in years Quote
Guest Astrrro Posted February 2, 2009 Posted February 2, 2009 Both the Aussie dollar and the kiwi are getting hammered. I sold all my FXA (an ETF which invests in Aussie dollars) months ago at the first sign that the very high interest rates in Australia were falling. If you believe in Asian except Japan currencies then MEAFX is an investment option. Here in Bali the exchange rate is great. A coiuple years ago I was getting about 9500 rupiahs to the dollar. Now it's over 11,000. Means more Bintangs and more boyz. Quote
Guest shebavon Posted February 2, 2009 Posted February 2, 2009 Currencies This article on Blomberg shows that some Asian currencies are at their lowest in years Too bad for us Yankees that this does not include the Baht vs Dollar ratio. We are getting creamed in spite of the recent trend up to 35. Not to long ago when we were getting 44. Quote
fedssocr Posted February 3, 2009 Posted February 3, 2009 Too bad for us Yankees that this does not include the Baht vs Dollar ratio. We are getting creamed in spite of the recent trend up to 35. Not to long ago when we were getting 44. Enjoy 35 while you can. I don't think there's much of anywhere for the USD to go but down in the future. We've got too much debt and it's only going to get worse. Eventually the world is going to catch on that we are never going to be able to pay back all the trillions we owe already. Quote
Guest fountainhall Posted February 3, 2009 Posted February 3, 2009 Not to long ago when we were getting 44 Those were the good days, but they were never gong to last as they were basically a hangover from the Asian economic crisis which saw the Baht fall as low as 57 to the US$ in 1998. Prior to mid-1997 it had been fixed at 25 for at least a decade. Equally good were the Baht interest rates in 1998 and 1999. Because of the terms of the IMF bailout, I was getting 21% on 1-year Baht deposits offshore. Quote
Guest shebavon Posted February 3, 2009 Posted February 3, 2009 "Equally good were the Baht interest rates in 1998 and 1999. Because of the terms of the IMF bailout, I was getting 21% on 1-year Baht deposits offshore." I bet you were a really good daddy then. Sorry I missed them days (don't mean you, lol). Quote
Guest fountainhall Posted February 3, 2009 Posted February 3, 2009 I bet you were a really good daddy then Yes, tipping was a lot easier and the boys plentiful. But then I was doing my best to maintain my youthful appearance Quote
Gaybutton Posted February 3, 2009 Posted February 3, 2009 I was doing my best to maintain my youthful appearance Consider yourself lucky. I didn't have a youthful appearance, even when I was a youthful . . . Quote
Guest fountainhall Posted February 4, 2009 Posted February 4, 2009 I didn't have a youthful appearance, even when I was a youthful . . . A friend of a friend can recommend an excellent plastic surgeon Quote
Gaybutton Posted February 5, 2009 Posted February 5, 2009 A friend of a friend can recommend an excellent plastic surgeon I tried your friend's recommendation. The surgeon took one look at me, left the office, and became an accountant. Quote
Guest fountainhall Posted February 5, 2009 Posted February 5, 2009 The surgeon took one look at me, left the office, and became an accountant. Probably a good move. There's so much competition around now in the plastic surgery business. Quote
Guest GaySacGuy Posted February 16, 2009 Posted February 16, 2009 One bit of good news...the baht slowly has fallen in the last few days, and closed on Monday at 34.77. Hope it can continue to rise!!! Can we go for 40! Quote
Up2u Posted February 16, 2009 Posted February 16, 2009 One bit of good news...the baht slowly has fallen in the last few days, and closed on Monday at 34.77. Hope it can continue to rise!!! Can we go for 40! The baht has been over 35 for several days now. My friends are all getting over 35 on their withdrawls from using their U.S. ATM cards (those with fees or surcharges that is; not major bank ATM's). I read in the Nation several weeks back that the baht should go to 36 or higher mid-year but I am afraid we'll never see 40. In fact, long term most forecasters expect the dollar to fall quite dramatically. Quote
Gaybutton Posted February 16, 2009 Posted February 16, 2009 long term most forecasters expect the dollar to fall quite dramatically. I hate to burst the bubble for the doom and gloomers, but I believe what the forecasters say is worthless. That isn't merely wishful thinking. I've been reading forecasts about the baht and the US dollar for two years and I have yet to see even one forecaster get it even close to right. The truth is nobody knows what will happen. It can't hurt anything to be ready in case the worst really does happen, but I'll save my worrying for when it becomes necessary. Quote
Guest Posted February 16, 2009 Posted February 16, 2009 Short term currency forecasts are useless. Long term, the US$ & UK$ are likely to fall against countries that earn their keep, rather than running "borrow & import" policies as we do. Quote
