The relentless rise of the baht - now curbed
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US Dollar 35.23 decline continues
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Euro 46.56 ups and downs
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UK┬г 69.31 virtually the same as the Euro
Interbank rates at 07.02hrs on 14th December 2006
courtesy Yahoo Finance
According to BBC World News the Bank of Thailand has done nothing effective to slow the baht\\\'s rise.
It looks rather like a healthy Thai Baht ...
Isn’t the US dollar loosing its value?
If I can reed the charts correctly, the US currency is more than 10 % down while the difference to the EURO is just marginal – and every year the same just before the high season starts if I remember correctly. ..
The US currency is down against all currencies. No wonder with that enormous trade deficit and high spendings: The investments in Iraq are still costly and not paying off, except for Dick Cheney s Halliburton Inc. and several more investments closely related to the Bush clan.
Every hurray is having its price ….
Even the huge amount of cash drained out by the Taksin family could not damage the Thai currency reserves to badly but the expected tourists will refill the treasure box again. The money stream from Westerners is constantly reclining but the masses from China, Korea and especially Russia will do the trick for a while.