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Gold fever hits northern river
LAMPANG : Gold prospectors are roaming Wang Nua district of the northern province of Lampang, hoping to strike it rich as gold deposits have been discovered there. Activities are now being planned to promote the little-known district as a new tourist ...
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jack spratDiscussion 6 : 08/09/2010 at 09:17 AM6
"The Thai currency today fell to 31.18-31.20 baht per US dollar from yesterday's close of 31.14-31.16 baht."
Great news! Let us pray that it continues to weaken until the exchange rate becomes realistic again.
Mrs Suchada has laid the blame where it doesn't belong because the BoT is absolutely clueless--like most of the Thai government departments.- Pointman #2
Discussion 5 : 08/09/2010 at 08:17 AM5
Disc 4, Trev: You're basically, right. Although currency inflow/outflows, current accounts, can determine currency exchange rates, the real problem with the US Dollar exchange rate is Thailand's closed market to US goods and to US Business giants such as Wal-Mart.
Woithout fair trade policy that allows a fair amount of American products to be sold on ASEAN markets and Americans having to face a closed Thai business environment, the US Dollar/Thai Baht exchange rate won't get any better.
The truth is the Euro is weakening and will continue to do so because the demand for the Euro is losing steam. I don't see the Euro weakening the Baht. In fact, a weaker Euro, should have helped the US Dollar become stronger against the Thai Baht.
ASEAN supports "closed markets" to foreign goods. - Trev
Discussion 4 : 07/09/2010 at 04:09 PM4
Why doesn't Thailand, have a little confidence and open up your markets and currency more?
A lot of investment money could go to Thailand instead of Singapore, yet you're own rules and poor internal banking systems prevent this.
You have so many EU farang married into Thai families. European countries like Austria, Luxembourg, Belgium and Switzerland are losing billions in investments, due to the climate of suspicion here, created by the OECD & US FUD.
A lot of that money would naturally be invested in Thailand, if it wasn't for your endless barriers to capital.
Why can Singapore succeed there where Thailand cannot? - Arch
Discussion 3 : 07/09/2010 at 03:55 PM3
Yessssssss, let's blame it on the Euro.
555 
charmingDiscussion 2 : 07/09/2010 at 03:42 PM2
Poor bath... Its a joke?
- reverend budbreath
Discussion 1 : 07/09/2010 at 02:53 PM1
I don't care one whit what the BoT says or thinks. Their lack of intervention has led to this ridiculous monetary situation. I'm sick and tired of the strong baht. The sooner it returns to normal exchange rate the better for everyone.
Is 40B to the dollar too much to hope for?
