thai baht rate update

[siambee]

today jus change at east point/simei. 24.2 ( 13dec/2104hrs )

[unlimited]

today the rate at golden mile is 24.3

[winly22]

Change alley xchange rate 24.3 oso. Hope this info helps.

[forumer]

yesterday at GM, rate at 24.35

[noiser]

yesterday @ 24.5 for $3000SGD
24.47 for $200SGD

[powerfuk-bro]

Latest rates ???
Change in sg better rates or at hatyai ??

[Prolink]

Ant latest?

[unlimited]

any update for the rate. my place here hdb esate 23.8 i wonder GM how much?

[KatoeyLover69]

Report from The Nation dated Friday 27 January 2006 :-

CAPITAL INFLOW: Baht appreciates to a one-year high

The baht appreciated to Bt 38.80 to the US dollar yesterday in intra-day trading, a level not seen since January 14, 2005, with about US$3 billion (Bt116.8 billion) in capital having flowed into the stock market since the start of the year, according to the Bank of Thailand (BOT).

Yesterday’s currency surge was also due to importers purchasing dollars in preparation to buy oil, dealers said.

The baht opened at Bt 39.15-Bt 39.17 (offer and buy prices) and closed at Bt 38.87-Bt 38.89. Dealers said the baht could hover between Bt 38.50 and Bt 39 in the near future.They also said the Singapore dollar and the Korean won appreciated yesterday.

Of the $3 billion in capital inflows, more than $1 billion was used to buy Shin Corp shares in its buyout this week, said Mr Pridiyathorn Devakula, the BOT governor. He said the rest was due to foreign investors’ heightened interest in the economy.

The capital inflows for portfolio investment were $2 billion for all of 2005.

Speaking at the “ Economic Outlook and Strategies for Economic Management” seminar organised by the National Economic and Social Advisory Council, Pridiyathorn forecast that commercial banks’ lending this year would grow 10 per cent, the highest since the 1997 economic crisis, thanks to high industrial capacity utilisation.

Pridiyathorn said loans were likely to grow 10 per cent from 2005, compared to 8 per cent between 2004 and 2005. The double-digit growth is expected due to industrial expansion. Industry was running at an average 74 per cent of capacity in December.

In addition, listed companies, which reported an aggregate net profit of Bt279 billion for the first three quarters of 2005, will also be expanding this year, he said, adding that firms would plough their profits back into operations.

Credit expansion is expected to record double-digit growth for the first time since the 1997 financial crisis, when plenty of companies went bankrupt and the banking system’s non-performing loans skyrocketed.

Despite high capacity utilisation, investors during the last few years delayed their reinvestment plans because they lacked confidence in the economy and were concerned about political conditions, the violence in the deep South and increasing oil prices.

Pridiyathorn said the current-account deficit last year had grown to $3.7 billion. It could have been worse, save for the second half of the year, which saw a surplus of $2.2 billion, compared to a deficit of $5.9 billion in the first half.

He said the current-account deficit would be around $3 billion to $4 billion for some years to come because of high oil prices. But the deficit would not have much impact on the economy thanks to strong international reserves of $53 billion. In addition, capital inflows would help strengthen economic stability.

“The $3 billion-$4 billion deficit is acceptable even if there is no capital inflow at all. But, the deficit will not last for many years,” said the governor.

The governor said he would continue to gradually raise the 14-day repurchase rate, which is currently at 4.25 per cent, in a bid

to slow down inflation and encourage positive real deposit interest rates.

Anoma Srisukkasem
The Nation

[bbailey]

all becos of Temasek Holdings lah.
today i only managed to change ard S$1 : 24.1TB
hope u guys had better luck

[taurus75]

Originally Posted by bbailey

all becos of Temasek Holdings lah.
today i only managed to change ard S$1 : 24.1TB
hope u guys had better luck

i foresee thai baht will gradually weakens due to anti-Thaksin thing going on...

[bbailey]

taurus75, ur crystal ball is right on!

today i check the international trading rate is 24.3 and i manage to get the rare of 24.2 @ change alley, raffles place.

[scrappydoo]

I bought Thai Baht at 24.05 in Pratunam 2 days ago.

[taurus75]

Live mid-market rates as of 2006.03.12 11:27:20 UTC.

1.00 SGD = 24.0329 THB
1 SGD = 24.0329 THB 1 THB = 0.0416096 SGD

i will try my best to post this info daily...hope this helps.

[taurus75]

Live mid-market rates as of 2006.03.13 00:55:20 UTC.

1.00 SGD Singapore Dollars = 24.0095 THB Thailand Baht
1 SGD = 24.0095 THB 1 THB = 0.0416502 SGD