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What's your baht worth? Exchange rates on the street...


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1 hour ago, fforest said:

The currencies are amazingly amazingly amazingly amazingly amazingly placid and orderly and calm considering world events.....Thailand is all but shut down and the Thai baht yawns....

Yeah, but if you go back in this thread 10 pages, three months ago back to the 2nd week of January, you'll see a decent jump in certain currencies since then. The USD was 30.08 then, now within a frog hair of 33. The Euro went from 33.58 to 35.75 and the GBP from 39.57 to nearly 41, now at 40.80.

It could very well be that as this corona deal causes a greater economic meltdown in Thailand with business closed, the baht could weaken more going forward. Once this thing is over, and we will all get past it, American and Western European tourists could return to considerably more buying power with their money than before the pandemic.

Lets see where this goes in another three months, to the first week of July and see where we're at.

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1 hour ago, fforest said:

The currencies are amazingly amazingly amazingly amazingly amazingly placid and orderly and calm considering world events.....Thailand is all but shut down and the Thai baht yawns....

That applies to 95% of the countries around the globe though.. 

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On 4/3/2020 at 6:58 AM, Mr. Smooth said:

Yeah, but if you go back in this thread 10 pages, three months ago back to the 2nd week of January, you'll see a decent jump in certain currencies since then. The USD was 30.08 then, now within a frog hair of 33. The Euro went from 33.58 to 35.75 and the GBP from 39.57 to nearly 41, now at 40.80.

It could very well be that as this corona deal causes a greater economic meltdown in Thailand with business closed, the baht could weaken more going forward. Once this thing is over, and we will all get past it, American and Western European tourists could return to considerably more buying power with their money than before the pandemic.

Lets see where this goes in another three months, to the first week of July and see where we're at.

The GBP was down at 37.5b not too long ago.

Thailand only passed a 1.9 trillion baht stimulus package a few days ago. It's thought that if the economic mayhem from Covid-19 extends into Q4 of this year, then another large stimulus package will be needed.

Still a long way to go in this yet.

 

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