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bangkok bank today under30baht to the dollar!!!!

when and if this will ever change and go down??

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1 hour ago, rodknock said:

bangkok bank today under30baht to the dollar!!!!

som nam na.

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4 hours ago, KhunBENQ said:

And that was only the short term one year losses.

"Historical" numbers (10 years) can really make you cry.

GBP -40%, EUR -34%.

USD -21% and that includes an extreme short drop in 2013 (can't remember why that was).
Low at 28.64 in 2013.

Others are at about their 10 year lows now.

Look at what the Euro did during the first 8 months of 2015, and you will realize that in currency markets nothing is impossible

 

 

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Launder and repeat. It would not surprise me if we see a repeat of 1997. Once the powers that be have drained the Gov't coffers for mega projects and taken their 'commission', we may see a Chavalit style transfer of funds to US$ / £. Only then will the Baht have the rug pulled out from under it and be seen in free fall. Once it hits bottom they will transfer all their ill gotten gains back into Baht again.

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