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When will it rise agian? |
Travel Info Can any one tell me if the Dollar will rise agian to the baht today I check the baht to dollar and $1=31 baht will things get better or worse for americans? Travel Tips don't expect it to rise anytime soon. however your 31 baht to the dollar is off shore rate, here the on shore rate it's about 34.18 to the dollar as of today. btw my girl friend kepts on asking me this same question Others things are going to be getting worse for us (americans) i dont know how that effects the baht but i do know things are getting worse and will continue to get worse. better Try checking with the bank or your local Forex... nobody knows... If we knew for sure which way the baht or the dollar will go, we could all get rich speculating on currency. One of the big factors that can determine currency swings are interest rates, and the Federal Reserve Board in the US this week left interest rates alone, a slight boost in rates in the US could have helped to prop up the dollar. The consensus amongst the banks here in Thailand is to look for a further weakening of the dollar through the end of the year, and then for the dollar to stabilize. But you never know for sure, especially with the unstable political situation that now exists here in Thailand. As Nowhereman said, the onshore rate is 34.5 or so and seems to be fairly stable, unlike the offshore rate. For those people that have their money in baht, we're not complaining. Is Bush still in office? If I knew the answer to that I'd be a foreign exchange dealer.The yankie dollar seems to be falling heavily against almost all currencies right now.I think even rouble owners are laughing at it |
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