GBP vs THB

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miked
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Post by miked »

Thai exports in record fall

http://news.bbc.co.uk/2/hi/business/8108859.stm

nothing about this in the Thai news papers. the official government line is that exports are recovering. yeah of course they are.
imo unless the government take steps to weaken the baht this economy is going to repeat 1997. bring it on.
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PeteC
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Post by PeteC »

The 'border runners' thread went off into a banking/investment direction so I bring this comment back here.

KD, you talked about 10%. At the moment HSBC Hong Kong is giving 0.30% on a 6 month time deposit in GBP regardless if 1 or 1 million.

I personally think HSBC has deeper problems than have come out or they have admitted to date. :( Pete
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chopsticks
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Post by chopsticks »

Is THB kept within a fixed range to the USD by government intervention as with HKD or is it allowed to float freely ?
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PeteC
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Post by PeteC »

chopsticks wrote:Is THB kept within a fixed range to the USD by government intervention as with HKD or is it allowed to float freely ?
The HKD is officially pegged to the USD by government regulation. That is the SAR HK government, not Beijing.

The Baht is not, although it seems to be at times as they need to save their export market and can't allow the Baht to get too strong.

So, I guess to answer your question, officially it is not, unofficially it is. :shock: Mai pen rai, minestrone soup. :D Pete :cheers:
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chopsticks
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Post by chopsticks »

Thanks Pete, I thought as much ....
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Khundon1975
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Post by Khundon1975 »

prcscct wrote:The 'border runners' thread went off into a banking/investment direction so I bring this comment back here.

KD, you talked about 10%. At the moment HSBC Hong Kong is giving 0.30% on a 6 month time deposit in GBP regardless if 1 or 1 million.

I personally think HSBC has deeper problems than have come out or they have admitted to date. :( Pete
prcscct :)

Yes, you have to be in UK to get that rate but only on £250 a month (as I now know :( ) and you have to pay in a salary or pension to a current account as well.

HSBC like virtually every other bank will still be assessing their positions regarding Toxic debt for a while yet, as I think even they do still not know just how much they have on their books.

The banks are desperate to build up their funds, hence their reticance to lend to business and Joe Public, or to give a decent rate to depositors.

:cheers:
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PeteC
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Post by PeteC »

It appears the pound will hit 57 this week, perhaps even today. Pete :cheers:
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Big Boy
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Post by Big Boy »

Why - is there any reason, apart from the fact Mrs BB is getting ready to fly home :?
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BaaBaa.
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Post by BaaBaa. »

prcscct wrote:It appears the pound will hit 57 this week, perhaps even today. Pete :cheers:
Today:Image

:thumb:
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Super Joe
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Post by Super Joe »

prcscct wrote:It appears the pound will hit 57 this week, perhaps even today. Pete
Nice one Pete ... but sorry your work is not done. Next Monday you WILL post that 'the Pound will hit 60 this week.'

You da man :bow:

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Post by BaaBaa. »

Image



Who remembers the good old days when 64.5 was bad! Image
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PeteC
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Post by PeteC »

Super Joe wrote:
prcscct wrote:It appears the pound will hit 57 this week, perhaps even today. Pete
Nice one Pete ... but sorry your work is not done. Next Monday you WILL post that 'the Pound will hit 60 this week.'

You da man :bow:

SJ
I wish I could report the same thing about the $. A BKK Post report yesterday indicated it would be between 33-34 for all of 2010. :( Pete :cheers:
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BaaBaa.
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Post by BaaBaa. »

57.5625

Cool and the Gang! 8)
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malcolminthemiddle
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Post by malcolminthemiddle »

Wake me up when it gets to 70.
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BaaBaa.
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Post by BaaBaa. »

malcolminthemiddle wrote:Wake me up when it gets to 70.
Enjoy your sleep!

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