thai baht rate update

[sduuu]

12/8/13 6pm

24.55 at AllBest City Plaza.

[yinyang]

Originally Posted by etct88

GM, money changer Evergreen 24.43....

Pocket money, or for the gas ?

[etct88]

Originally Posted by yinyang

Pocket money, or for the gas ?

neither! gone with the wind liao......

[BlueDragon193]

Today rates at....

The Arcade (2nd floor - Sheen Int'l) @ 24.70356 Bahts

Siam Exchange @ 24.80 to 24.90 bahts.
Superrich @ 24.90 bahts (S$1,000 note).
UOB Thai @ 24.60 bahts.

[indianmagicoil]

Will the baht and rupiah going to face another 1997 crisis kind of situation again? Investors pulling billions out of the region with talk again of US Fed Reserve stopping their money printing policy. Thailand is officially in a technical recession. Now waiting to see how low can it go....

[yinyang]

Baht at all time low (2010 level), now 32 to usd. Hear Arcade now doing past 24.65

http://www.bangkokpost.com/news/loca...-per-us-dollar

[naemlo]

With the current govt... it is a joke if it dun kill the whole economy.....

[milts]

I feel its the same as end 2012 and beginning of this year leh.

[yinyang]

Originally Posted by milts

I feel its the same as end 2012 and beginning of this year leh.

Mine was only relative to USD. May not be same drop vs sgd.

So not unless you got tons of usd to benefit

[travelcraze88]

Originally Posted by naemlo

With the current govt... it is a joke if it dun kill the whole economy.....

Bro are U a “yellow” shirt ??? Just kidding.

Contra to what U have just said, the outside world view Thai economy has been a star performer these few years.
Look at all other commodities export based countries like OZ, Brazil，Indonesia， Malaysia and even India you know Thailand not doing too bad.

PM Yingluck is doing a fantastic job in a very divided kingdom with so many powerful rich with vested interests and axe to grind.

The following article first published by The New York Tomes was republished in the ST today :

Can Egypt learn from Thailand?

By Jonathan Tepperman
The writer is the managing editor of Foreign Affairs.

BANGKOK was rocked by anti-government demonstrations earlier this month - once a depressingly familiar sight.

But that bad news shouldn't overshadow the good. Disruptive protests may have been all too common in Thailand just a short while ago but, in the last two years, they've become an anomaly. The country has gone from a virtual wreck to a booming and relatively stable success story. Figuring out how it's managed to do that is important, and not just for Thailand's 65 million citizens. For if a place this polarised can pull itself back from the brink, other bitterly divided societies might be able to as well.

To get a sense of how far and fast Thailand has come, consider its recent past. Marketed to tourists as the land of a thousand smiles, Thailand spent most of the last decade fighting with itself.

The trouble really began in 2006, when the military, in connivance with royalists and the courts, overthrew populist prime minister Thaksin Shinawatra. The coup ignited years of running street battles between citizen armies of "yellow shirts" - defenders of the old, semi-feudal order - and "red shirts", Thaksin supporters among the rural and urban poor.

Political power changed hands four more times in four years. In January 2010, the police responded to enormous red-shirt protests by killing over 90 demonstrators, injuring 2,400 others and jailing hundreds. The economy went into a tailspin.

Then, in August 2011, Thaksin's sister Yingluck became prime minister. And today, barely halfway through her four-year term, Thailand looks like a different country.

According to Mr Ruchir Sharma, head of emerging markets at Morgan Stanley, the economic outlook is the brightest in 15 years: The currency is up, land prices have climbed and the stock market has more than quadrupled since 2008. Tourists have returned and the streets (despite the flare-ups this month) are mostly quiet.

So how did Ms Yingluck, initially considered a mere proxy for her exiled brother, do it? The formula turns out to be deceptively simple: Provide decent, clean governance, compromise with your enemies and focus on the economy.

Ms Yingluck understood that she'd never accomplish her broader agenda and improve life for the poor unless she could first calm the place down and complete a full term in office. And to do that, she had to give all Thais a stake in her success. So she began a bold economic stimulus and reform campaign. Some of her moves, like a 40 per cent minimum-wage hike and subsidies for car buyers, were aimed directly at her lower-class base. But others, such as US$67 billion (S$86 billion) of infrastructure spending and cuts to personal and corporate taxes, have benefited the wealthy as well.

She also sought to make peace politically. She has courted opponents, holding respectful meetings with the powerful and popular king - and even with the general allegedly behind the coup against her brother.

According to Dr Thitinan Pongsudhirak of Chulalongkorn University, Ms Yingluck has brought the elites on board by offering a tacit bargain: She preserves their privileges and they let her hold onto power.

Thus she has left the military alone, even recently naming herself defence minister so she could ensure that no one would mess with the army's prerogatives. She has avoided challenging the Constitution, including the infamous lese-majeste laws that ban criticism of the monarchy.

She has kept corruption, a perennial problem in Thailand, to a minimum. And she has ensured that her brother, whom the aristocracy still fears and loathes, remains in exile.

This, in many ways, is an ugly deal. It means Ms Yingluck must tolerate undemocratic checks on her power and the repression of free speech. Despite an amnesty law now being debated in Parliament, some of her red-shirt supporters are angry that she hasn't done more for the families of those killed and imprisoned by the military-backed government in 2010.

It's also a fragile bargain. Thailand's recovery could easily unravel. Die-hard yellow shirts have pounced on the Prime Minister's mistakes, such as a scheme to boost the price of rice that backfired spectacularly. Other dangers loom: The economy is still too export-dependent and, while everyone is getting wealthier, inequality is growing.

Ms Yingluck hasn't erased Thailand's dividing lines so much as papered them over, and the underlying power struggle could erupt again at any time - especially if her brother returns or if the king, now 85, dies. But the longer Thailand remains at peace, and its economy keeps growing, the greater the odds that real democratic politics will take hold, so that when Thailand does finally confront its divisions, it will do so through ballots, not street battles.

Indeed, the flaws in Ms Yingluck's grand bargain are part of its genius. The fact that everyone is irritated by the truce she's negotiated is a good sign, not a bad one: It means nobody is getting everything he wants.

That's how compromise is supposed to work. It may seem messy; it is. But it's the kind of mess that other countries like Egypt or Venezuela or Zimbabwe can only envy right now.

NEW YORK TIMES


http://www.straitstimes.com/premium/...iland-20130824

[seeyougai]

Originally Posted by indianmagicoil

Will the baht and rupiah going to face another 1997 crisis kind of situation again? Investors pulling billions out of the region with talk again of US Fed Reserve stopping their money printing policy. Thailand is officially in a technical recession. Now waiting to see how low can it go....

too young and poor to have cheonged around this time. can't wait


but I kind of think all the Russian investment will prop up prices in Bangkok and pattaya. but maybe a new province or village will emerge to be the new cheap spot.


now india I have no idea but is a dream destination for me. unemployment and depreciating currency can only mean good things for cheongsters.

now its time to read up on the reports

[Nonteerak2553]

Superrich orange at partunam two days ago 24.8.

[BlueDragon193]

Today rates in SG & Bkk.

The Arcade (2nd floor - Sheen Int'l) @ 24.96879 Bahts.

Siam Exchange @ 25.00 to 25.10 bahts.
Superrich @ 25.10 bahts (S$1,000 note).
UOB Thai @ 24.83 bahts.

[indianmagicoil]

Super Rich today 30 Aug is 25.05 will it pick up again on Monday?

[sylves512]

Originally Posted by indianmagicoil

Super Rich today 30 Aug is 25.05 will it pick up again on Monday?

SG is going up!!!