Currencies - What the hell is going on?

[geosight]

[Tomcat]

just a harmless thread. A  few guys here also deal with currencies in the course of their business.... who deosnt like to moan anyway...its normal

[azza33]

51.83250 - GBP 20/12

Pattaya will be ruined... without the poms.... 70% of the mongerers will be gone!

[robbo]

very true

[robbo]

(Torurot @ Nov. 18 2008,14:35) You Brits & Yanks whine too mutt. If you'd always had to put up with the pacific peso your "cheap charlie" comments would be largely mute.  When you say 55 bhat to 1 quid i can only think "sheer luxury"!  Perspective

make me laugh,have a go at being in the uk........if you wanna know how expensive just waking up every morning can be having to generate ever increasing amounts of money just to pay the bills first,living in peso land ......is living in cheap charlie land theres just no comparison.i probably pay more for my deisel for my van each week to get to work than you spend all month for everything.

[azza33]

back to 22.7 for the aussie... still around 53 GBP~~

Mass riots, international airport stormings and still the baht holds!!!

Me no comprendez!

[Snick]

http://thaicrisis.wordpress.com/2008....eserves

http://www.bloomberg.com/apps....dtWLppM

36 baby...36 !!! and then.....40 !!!

[geosight]

fuck ive just about given up .......

[azza33]

36 baby...36 !!! and then.....40 !!!

I hate U!

[donnykey]

(azza33 @ Nov. 27 2008,15:44)

36 baby...36 !!! and then.....40 !!!

I hate U!  

Azza if the US$ goes up against Baht so will A$ no need to cry

[sukhumvitpoler]

im willing the pound to get 70 baht.

come on my son, you can do it

ive tried meditation and masterbation, i just hope this helps

[daveduke007]

keep on dreaming

[Guest]

LOS verging on chaos and the pesky baht is still holding its own against major currencies, WTF

[paultain]

I agree, can't understand how this is possible

[Snick]

it lost 0.5% today, how is that 'holding up' ?

The Baht will continue to depreciate against the dollar, the reason its not faster is 1) intervention, 2) lots of foreign money has already fled the country in the last 2 years, less to flee now

I am hearing that this debacle will take 2 to 4% off the GDP next year, that tourism numbers will halve, and that over 1 million jobs could be lost (and I'm guessing thats only the legit economy)

This isn't shooting yourself in the foot, this in tying four hand grenades to the bottom of your feet and jumping up and down really hard.