thai baht rate update - Page 69

keane16 · #**1021** 24-05-2007, 07:58 PM

any good joint to exchange in BKK itself ?

justl00king · #**1022** 24-05-2007, 10:27 PM

Today checked with local moneychanger 22.32.

#**1023** 25-05-2007, 12:47 AM

Changing in spore or in bkk better ?

If in sg, where the best rates

High till Dry · #**1024** 25-05-2007, 01:18 AM

Quote:

Originally Posted by justl00king

Today checked with local moneychanger 22.32.

Rates is really bad.

Anyone can get rates in thailand?

Usually Siam commercial bank is one of the better ones...

Akina · #**1025** 25-05-2007, 06:47 AM

Hope rate get better, mi going next week ..

No-go · #**1026** 25-05-2007, 09:18 AM

i think Bangkok Bank give better rates.

JWNY · #**1027** 25-05-2007, 10:01 AM

Quote:

Originally Posted by No-go

i think Bangkok Bank give better rates.

The BOT relays that there are no significant factors that will put further pressure on the local currency, even with a lower surplus or the probability of a deficit in the balance of payments next year. BOT Governor, Tarisa Watanagase, explains that economic fundamentals do not indicate any pressure on THB to appreciate. The surplus in the balance of payments will be lowered by the rise in imports from the investments for the mega-projects and the import of aircrafts. Additionally, lower exports resulting from the global economic slowdown will contribute to this. The BOT's easing of investments from financial institutions overseas will also help temper the rising THB given the recent capital inflows to the Thai bourse and direct investment.

Exporters will rejoice when they see the THB's appreciation come to a screeching halt. The govt has been trying hard to accomplish this for a while now -- with a few mistakes here and there, as the world very well knows. Though an appreciating local currency is a good indicator of a progressive economy, it tends to hurt exporters significantly. And with Thailand heavily reliant on exports, this has become an issue that has been plaguing the central bank.

Soon bros...patience

JWNY

OceanEleven · #**1028** 25-05-2007, 07:43 PM

Generally, small change in rate will not affect most much when planning for a trip. Put it this way, an increase in 0.1 baht against SGD fetch you an additional 100 baht only if you are changing SGD1000. Well how many bros gonna change SGD1k for a short trip assuming air tickets and hotels already settled in Singapore prior to departure?

Of course when comparing to 2002 when SGD fetch 24 baht and above, we lose in excess of 2k baht base on changing SGD1k compare to now but then again, that is if we knew….