69 replies to this topic

[RobiSLO]

Ok, that does it.

All I can say is thank you my dear friends from unnamed country who singlehandedly managed to f..up my currency. Yep… everything was reasonably ok and then you came and had to spend ever f… EUR you print and more… for party.

I solemnly swear I’ll never go to your sea again... Never. Never. Never. Under 1,25 USD/EUR WTF !!!!!!!

BR

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[boss45]

surely if it did go down to the 30's the prices of things would need to go down.

Not the Thai way of thinking. Its there economy. Why should they lower the prices ? In short no reason what's so ever.

Yes, after all they don't do it for the money anyhow!!!

[boss45]

Ok, that does it.

All I can say is thank you my dear friends from unnamed country who singlehandedly managed to f..up my currency. Yep… everything was reasonably ok and then you came and had to spend ever f… EUR you print and more… for party.

I solemnly swear I’ll never go to your sea again... Never. Never. Never. Under 1,25 USD/EUR WTF !!!!!!!

BR

It could be that the lazy, nanny state of Europe is coming back to haunt them???? Let's face it, there is corruption all over the world, it affects all of us!!! I have been to Europe many a time, I do not see the reason why the Euro or the Pound should not be on par with the dollar.

[Crackerjax]

Not the sharpest knife in the drawer are we?

[xyzzy]

Ok, that does it.

All I can say is thank you my dear friends from unnamed country who singlehandedly managed to f..up my currency. Yep… everything was reasonably ok and then you came and had to spend ever f… EUR you print and more… for party.

I solemnly swear I’ll never go to your sea again... Never. Never. Never. Under 1,25 USD/EUR WTF !!!!!!!

BR

It's not just one country although one has the biggest problem at the moment. As mentioned the PIGS (Portugal, Italy, Greece and Spain) all are dragging the Euro down.

[kliome]

Following the great news and relief that Brown is out and Cameron is in Number 10 means we can now look forward to some gain in our favour against the baht (US$) as political stability and the hope of a decent future returns, providing Greece or Portugal don't screw it up.

Now that IS good news... Thank fuck for that!

I wouldn't be so sure about that..

Since the change in government the rate seems to be dropping even faster, alsmot 0.2 every day without fail.

At Kasikorn today the rate dropped again to 46.1.

Regarding rate preditiction, the one thing we do know is that nobody seems to know what will happen next.

[RobiSLO]

The main culprits for financial crisis, rating agencies like Moody’s and other SOBs are driving it deeper and deeper. How the f.. can someone who you don’t even trust your dog to a walk be capable to rate one single loan let alone whole country’s credit rating . On the other hand American Administration will soon at least try to do some order on Wall Street. I think EU and US is going into right direction with declaring such ratings cannot be done by companies with criminal past and Wall Street bankers should be controlled better and present EUR and GBP crisis is the last struggle of rating agencies and Wall Street bankers to get to some real money.

Who knows maybe with FOREX trade, because soon they will wait for government checks in a line… yeah right, but it sure wouldn’t hurt them.

BR

[jimbo34]

Unfortunately the pound is so closely linked to the euro, its going to follow it down. Only when the PIIGS are finally forced to leave, and go back to their own currency, and weak new members are not invited in, will the euro recover.
The euro is only suited to Germany, Belgium, Holland, Luxemburg, and possibly France. Until it's reduced to these strong economies, it will drag the rest of us down.

[batman4ever]

Unfortunately the pound is so closely linked to the euro, its going to follow it down. Only when the PIIGS are finally forced to leave, and go back to their own currency, and weak new members are not invited in, will the euro recover.
The euro is only suited to Germany, Belgium, Holland, Luxemburg, and possibly France. Until it's reduced to these strong economies, it will drag the rest of us down.

its the same with the otherwise normally strong scandinavian currencies...

i dont think we will se some light before the THB is forced away from the tie to the dollar....

hopefully the otherwise sad situation in BKK can help a little?

even thai-airways are almost "giving the tickets away" with prices under 20k for a direct fly from CPH-BKK they normally charge 30k this time a year...

[RobiSLO]

I paid for mine 550 EUR (22.000 BHT by shitty rate). Thai Air probably didn't even got fuel price back, but up to them.

BR

[boss45]

Let's face it, the whole world was on a magic capret ride for the previous 8 years. It was all smoke and mirrors. I have yet to see anyone bring out the fact that the Thai economy has been growing and that strengthens their currency against all currencies. Their economy will continue to grow and as it does, the cost of mongering will increase, Get use to it. The old days are over. Think about it, we are bitching abot the xchange rate because we pay for sex, yet we spend gobs of money just getting there!!!! Unbelievable!!!!!!!!

[dixon cox]

I wouldn't be so sure about that..

It's all very easy to sit back and wait best part of a week after the event before passing comment, very brave. I commented immediatley on hearing the news and still hold to the fact that it was the best news possible and was precisely what the country needs to improve our standing in the financial world. Had Brown not stepped down when he did we would have lost our AAA credit rating, but we didn't.

Labour have grown old and tired and have gradually been making a mess leading to the debt we currently have and this is the only positive way forward. Although the PIGS certainly aren't helping our exchange rate, but that is a seperate issue.