When I first came to Thailand and I went to the ATM, I could take out $1,000 and get 42,000 baht. Now, I only get 37,000 baht per $1,000. In other words, I'm losing 5,000 baht/$1,000 (or approximately $125) because of the crappy exchange rate.
Friday, June 23, 2006
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3 comments:
With the huge US deficit, looming health care costs and still having all those frivolous lawsuit awards..It is only going to get worse.
I wouldn't be suprised to see the dollar/baht back down to 28 like it was in the early 90's.
I dig your blog.
Actually, I think it is primarily our trade deficit with China, and China's currency manipulation that is causing the drop here in Asia. That, and the strengthening Euro.
I agree, deficit is a huge factor. With China/India poised to pass the USA in our lifetime, I wonder what the future holds for America and the people that reside there.
I predict an England type of scene (super high taxes and fat chicks)
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