Sunday, January 20, 2013
Saturday, January 19, 2013
Friday, January 18, 2013
Thai ฿ on the rise
The Thai Baht is on the rise. Hopefully it's only a temporary climb.
If you look at the five year trend. We've been here before.
For me it means a cost of living increase.
For Thailand it means more expensive exports.
Exporters would prefer a devalued Baht.
In order to help their export economy, Japan recently devalued their currency slightly.
To which the Russians seem to be threatening a currency world war.
If you look at the five year trend. We've been here before.
For me it means a cost of living increase.
For Thailand it means more expensive exports.
Exporters would prefer a devalued Baht.
In order to help their export economy, Japan recently devalued their currency slightly.
To which the Russians seem to be threatening a currency world war.
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