GBP vs THB
GBP vs THB
Looking a bit brighter now - todays ATM rate was 65.79 THB to GBP
- JimmyGreaves
- Legend
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- Location: HuaEireHin
It's about time this started, sure everyone has felt the pinch, considering it was 74-76 about 18 months or so ago.
Never quite understood why these exotic currencies gain so much ground over the main western currencies(or the western ones lose so much ground), doesn't make any sense to me.
The baht has enjoyed an overly extended period of time being over-valued.
Looking forward to getting over 7000 baht again for a 100 pounds.
Never quite understood why these exotic currencies gain so much ground over the main western currencies(or the western ones lose so much ground), doesn't make any sense to me.
The baht has enjoyed an overly extended period of time being over-valued.
Looking forward to getting over 7000 baht again for a 100 pounds.
Resolve dissolves in alcohol
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- malcolminthemiddle
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My charts also show a substantial, very sharp, down then back up again movement in all the major world stock markets at the same time. But what caused this movement I do not know. Anyone?Wanderlust wrote:What caused the spike in early mid January in both currencies? That looks a lot like intervention to me, unless there was some event that caused it but I can't recall anything.
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It might have been the announcement of Bush's 150 billion dollar economic package on 18th January. Things went down again when people decided it wasn't going to solve the sub-prime issue.malcolminthemiddle wrote:My charts also show a substantial, very sharp, down then back up again movement in all the major world stock markets at the same time. But what caused this movement I do not know. Anyone?Wanderlust wrote:What caused the spike in early mid January in both currencies? That looks a lot like intervention to me, unless there was some event that caused it but I can't recall anything.
- malcolminthemiddle
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Found this on the web :STEVE G wrote:It might have been the announcement of Bush's 150 billion dollar economic package on 18th January. Things went down again when people decided it wasn't going to solve the sub-prime issue.malcolminthemiddle wrote:My charts also show a substantial, very sharp, down then back up again movement in all the major world stock markets at the same time. But what caused this movement I do not know. Anyone?Wanderlust wrote:What caused the spike in early mid January in both currencies? That looks a lot like intervention to me, unless there was some event that caused it but I can't recall anything.
Stock markets around the globe have plummeted over growing fears of a worldwide recession. In Japan, the Nikkei market has seen its worst two-day decline in nearly two decades. In India, the country’s main stock index suffered its second-worst single-day tumble in history. In Germany, the Frankfurt Stock Exchange dropped seven percent Monday, its steepest one-day decline since the Sept. 11 attacks. Monday marked the first day of trading since President Bush called for a $145 billion economic stimulus package.