Devalue Thailand baht

[villager]

Hey PD, now you know what a "jam" i,m in you can sleep soundly at at night,LOLOLOL.

[ATM]

by ATM on Sun May 03, 2009 9:13 am
thats the AUD sean as you know it is pegged to commodity prices as australia is a large exporter of commodities so in times of economic downturn commodity prices drop so does the AUD making it even cheaper to buy commodities from Aus which is one of the reasons Australia is doing so well ( in comparison) at the moment. Maybe thailand should take a lesson from Aus

Whatever twist you want to put on it, them's the facts Jack. Nobody to blame but yourself if you can't come up with your own export commodities, is there? I hope your economies get well soon and maybe you could take a lesson from Thailand in monetary policy, particularly the difference between artiificial devaluation and capitalism.

Thats the point I'm making Sean, our economies will improve soon but the thais will be digging themselves out of this mess for years to come.News reports mention that Aus is teetering on the edge of recession most countries of the world have been in deep recession for months we definetly do not need to take a lesson from an undeveloping nation like thailand. By the way do you make your living in thailand or a pension from Aus just wondering about your reference to "your" economies and not "ours".

[Sean Moran]

Thats the point I'm making Sean, our economies will improve soon but the thais will be digging themselves out of this mess for years to come. By the way do you make your living in thailand or a pension from Aus just wondering about your reference to "your" economies and not "ours".

Because you are trying to avoid the facts by making reference to the success of the Australian economy and yet you haven't supplied the data for even the years 1996 (pre-crisis) and 2009 for the particular currency that you're whining about. Which one is it? Note that the ^ suffix means gain MORE baht for your dollar, and the v means LESS:

1996-May-03 Currency Unit Units per THB THB per Unit
2009-May-03 Currency Unit Units per THB THB per Unit

AUD Australia Dollars 0.0497558279 20.0981481481
AUD Australia Dollars 0.0387185504 25.8274131776^
BSD Bahamas Dollars 0.0396184886 25.2407407407
BSD Bahamas Dollars 0.0283652384 35.2544189874^
BBD Barbados Dollars 0.0788436268 12.6833333333
BBD Barbados Dollars 0.0560213466 17.8503385123^
ATS Austria Schillings (Precursor to EUR) 0.4275534442 2.3388888889
BEF Belgium Francs (Precursor to EUR) 1.2430939227 0.8044444444
XEU European Currency Unit (Precursor to EUR) 0.0322003578 31.0555555556
FIM Finland Markkaa (Precursor to EUR) 0.1903419105 5.2537037037
FRF France Francs (Precursor to EUR) 0.2045454545 4.8888888889
DEM Germany Deutsche Marks (Precursor to EUR) 0.0604770971 16.5351851852
GRD Greece Drachmae (Precursor to EUR) 9.6428571429 0.1037037037
IEP Ireland Pounds (Precursor to EUR) 0.0255198488 39.1851851852
ITL Italy Lire (Precursor to EUR) 61.8556701031 0.0161666667
NLG Netherlands Guilders (Precursor to EUR) 0.0675506630 14.8037037037
PTE Portugal Escudos (Precursor to EUR) 6.2211981567 0.1607407407
ESP Spain Pesetas (Precursor to EUR) 5.0420168067 0.1983333333
EUR Euro 0.0213682431 46.7984193731^
BMD Bermuda Dollars 0.0396184886 25.2407407407
BMD Bermuda Dollars 0.0283652384 35.2544189874^
CAD Canada Dollars 0.0540000000 18.5185185185
CAD Canada Dollars 0.0336255741 29.7392692191^
CLP Chile Pesos 16.1290322581 0.0620000000
CLP Chile Pesos 16.5926716934 0.0602675698v
CNY China Yuan Renminbi 0.3300733496 3.0296296296
CNY China Yuan Renminbi 0.1935360205 5.1669968084^
DKK Denmark Kroner 0.2332613391 4.2870370370
DKK Denmark Kroner 0.1591814571 6.2821387491^
EGP Egypt Pounds 0.1346969319 7.4240740741
EGP Egypt Pounds 0.1594069669 6.2732515370v
HKD Hong Kong Dollars 0.3064699205 3.2629629630
HKD Hong Kong Dollars 0.2200575159 4.5442665111^
HUF Hungary Forint 5.8378378378 0.1712962963
HUF Hungary Forint 6.2264534860 0.1606050703v
ISK Iceland Kronur 2.6627218935 0.3755555556
ISK Iceland Kronur 3.6125967654 0.2768091943v
INR India Rupees 1.3688212928 0.7305555556
INR India Rupees 1.3998244728 0.7143752802v
IDR Indonesia Rupiahs 92.3076923077 0.0108333333
IDR Indonesia Rupiahs 301.5083018045 0.0033166583v
ILS Israel New Shekels 0.1273284603 7.8537037037
ILS Israel New Shekels 0.1175597244 8.5063146024^
JMD Jamaica Dollars 1.4958448753 0.6685185185
JMD Jamaica Dollars 2.5169951044 0.3972991438v
JPY Japan Yen 4.1538461538 0.2407407407
JPY Japan Yen 2.8140117482 0.3553645434^
MYR Malaysia Ringgits 0.0987925357 10.1222222222
MYR Malaysia Ringgits 0.1009367249 9.9071968238v
MXP Mexico Pesos (Precursor to MXN) 0.2958904110 3.3796296296
MXN Mexico Pesos 0.3915146780 2.5541826556v
NZD New Zealand Dollars 0.0577108047 17.3277777778
NZD New Zealand Dollars 0.0496802968 20.1287042093^
NOK Norway Kroner 0.2599903707 3.8462962963
NOK Norway Kroner 0.1855877939 5.3882853980^
PKR Pakistan Rupees 1.3736962605 0.7279629630
PKR Pakistan Rupees 2.2748920349 0.4395813009v
PHP Philippines Pesos 1.0368663594 0.9644444444
PHP Philippines Pesos 1.3597909119 0.7354071801v
PLZ Poland Zlotych (Precursor to PLN) 0.1052631579 9.5000000000
PLN Poland Zlotych 0.0957553719 10.4432783303^
RUR Russia Rubles (Precursor to RUB) 195.6521739130 0.0051111111
RUB Russia Rubles 0.9370881714 1.0671354420n/a
SAR Saudi Arabia Riyals 0.1485557084 6.7314814815
SAR Saudi Arabia Riyals 0.1062278146 9.4137303244^
SGD Singapore Dollars 0.0555669891 17.9962962963
SGD Singapore Dollars 0.0420116835 23.8029023398^
ZAR South Africa Rand 0.1736334405 5.7592592593
ZAR South Africa Rand 0.2391672798 4.1811739499v
KRW South Korea Won 30.8571428571 0.0324074074
KRW South Korea Won 36.3869278475 0.0274823971v
SEK Sweden Kronor 0.2706766917 3.6944444444
SEK Sweden Kronor 0.2293428805 4.3602835978^
CHF Switzerland Francs 0.0492251595 20.3148148148
CHF Switzerland Francs 0.0322140426 31.0423629202^
TWD Taiwan New Dollars 1.0671936759 0.9370370370
TWD Taiwan New Dollars 0.9398687350 1.0639783650^
THB Thailand Baht 1.0000000000 1.0000000000
THB Thailand Baht 1.0000000000 1.0000000000-
TTD Trinidad and Tobago Dollars 0.2278481013 4.3888888889
TTD Trinidad and Tobago Dollars 0.1785257490 5.6014328772^
TRL Turkey Lira (Precursor to TRY) 2,983.4254143646 0.0003351852
TRY Turkey Lira 0.0451773154 22.1350027539n/a
GBP United Kingdom Pounds 0.0263440336 37.9592592592
GBP United Kingdom Pounds 0.0190257000 52.5604839243^
USD United States Dollars 0.0396184886 25.2407407407
USD United States Dollars 0.0283652384 35.2544189874^
VEB Venezuela Bolivares (Precursor to VEF) 18.3673469388 0.0544444444
VEF Venezuela Bolivares Fuertes 0.0609852626 16.3974041802n/a

[ATM]

once again you miss my point sean if you read my posts i havn't complained about getting less baht for my money, I dabble in the forex market and fully understand sometimes you win and sometimes you lose .last year i transferred money from home to by a 4wd on the day my money arrived the rate was 33. something cant quite remember, anyway i got a dirt cheap 4wd good for me, at the moment the the rate is about 25.8 which isnt so bad ,my point the baht is to strong against other more important currencies and is damaging there economy .Massive foreign loans they are getting at the moment will have to be payed back when the baht devalues which is inevitable. dont bother with the exchange rate information i constantly track exchange rates and their history.

[Sean Moran]

I take it then by your failure to mention your currency of choice in the list from 1996 that you are either a child of some new currency or else perhaps you get your OAP from the local embassy for the planet Mars?

Should I go back and dig up the statistics for Bolivia? Is that where you get paid from?

[ATM]

"AUD Australia Dollars 0.0387185504 25.8274131776" quote from your post
"the current rate is 25.8" quote from my last post not to hard for a smart bloke like you to work out which currency i use,
if you really want to know though i get paid in USD which is deposited in to Aus account and obviously converted into AUD.

PD i just can't help myself

[Ian]

In these volatile times Monday morning is always exciting. What will the exchange rate be, how has it changed since Friday

[Sean Moran]

Thank you for that. It was quite a fun guessing game for a while though.

USD United States Dollars 0.0396184886 25.2407407407
USD United States Dollars 0.0283652384 35.2544189874^

Either way you look at it, you're still getting far more baht for your dollar than you were before the currency crisis so I really have to think hard to try to understand what all these "poor-me" sufferers are complaining about. Maybe it's some sort of Alzheimer's derivative, that means if you can't remember the start then you might not have much of a clue about the ending until after the show is over?

[ATM]

its a sad form of entertainment isn't it.

[Sean Moran]

its a sad form of entertainment isn't it.

If I remember how poor Chalore never got to finish her Masters' back in 1998 it can be cause for some tears, but it's all starting to get back towards normal again now, at long last, so there's no need to get frustrated about it. Happy days are almost here again!