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Topic: Thai baht


In the News (Mon 16 Nov 09)

  
  MGMT-7210
Identify the main factors that led to the collapse of the Thai baht in 1997.
Thai exports, which recorded a hefty growth of 24% in 1995, flattened to an almost negligible percentage a year before the baht's collapse.
Had the Thai government recognized that a strong, well-regulated financial sector was a key element in a sustainable policy framework, they could have preempted some of the financial crisis that ensued in 1997.
www.rh.edu /~stodder/BE/Thai_Baht_Rajan_Nischal.htm   (1916 words)

  
 Baht&Sold Thailand // View topic - Thai Baht hits highest point in seven years
The baht, which is trading at a seven-year high, opened yesterday at 37.01 to the dollar and strengthened to as much as 36.98 before closing at 36.99.
According to the central bank, the baht had a reference rate of 37.01 baht to the dollar on Thursday, representing an increase of 1.38% from the end of September and 10.83% from the end of 2005.
In contrast, the baht has gained 1.89% against the euro over the past month and 4.37% from the end of 2005, while the baht is up 2.2% against the Japanese yen over the past month and 11.4% for the year to date.
www.bahtsold.com /forum/viewtopic.php?t=484   (1357 words)

  
 Thai baht - Wikipedia, the free encyclopedia
The baht (Thai: บาท, symbol ฿, ISO 4217 code THB) is the official currency of Thailand.
Baht is also a unit of gold measure and is used commonly in jewellers and goldsmith in Thailand, 1 baht = 15.244 grams.
The Baht was floated and halved in value, reaching its lowest rate of 56 to the Dollar in January 1998.
en.wikipedia.org /wiki/Thai_baht   (976 words)

  
 Thai Baht Gold Crucifix, Crosses and Pendants from Thailand.
Thailand Gold Jewelry's Thai Baht gold crucifix, gold crosses and gold pendants are manufactured by our skilled gold craftsmen and certified as 23K or 96.5% pure gold by weight.
Thailand Gold Jewelry's Thai Baht gold crucifix and gold crosses are manufactured in four standard weight sizes ranging from 1/2 Baht to 2 Baht in weight.
Selling a Thai Baht gold is like selling money and we do not cancel orders or make refunds when the Thai Baht gold crucifix, crosses or pendant has been delivered to common carrier for shipment to your location.
www.thaigoldjewelry.com /thaibahtgoldpendants.html   (301 words)

  
 Thai Money: Baht
The 1 Baht coin is silver and comes in three sizes, the 5 Baht coin is silver with a copper edge, and the 10 Baht has a copper center and a silver border.
Baht also comes in paper, which is called a Baht note.
Baht notes are much easier to differentiate because their values are labeled.
www.angelfire.com /tx6/thailand0/thaimoney.htm   (162 words)

  
 Thailand Gold Jewelry - Thai Baht Gold Rings
Thai Baht gold rings can be produced in almost any Baht weight size desired.
This makes Thai Baht gold ring a great way to invest in gold and also have an object of beauty which can be worn and admired.
Selling a Thai Baht gold rings is like selling money and we do not cancel orders or make refunds when the Thai Baht gold ring, bracelet, chain or necklace has been delivered to common carrier for shipment to your location.
www.thaigoldjewelry.com /thaibahtgoldrings1001.html   (488 words)

  
 Thailand: The Plight of Burmese Migrant Workers - Amnesty International   (Site not responding. Last check: 2007-11-01)
Thai non governmental organizations who provide assistance to Burmese migrant workers have stated that if they were earning the minimum wage, paying such a fee would not be a hardship.
In this precedent-setting case, 18 of the workers were awarded 1,170,000 baht in compensation from the Nakhon Sawan Labour Court in October 2004 in the first-ever court victory for Burmese migrant workers in Thailand.
The Thai Government should also increase the legal minimum wage rates for all provinces, to a level such that all workers are able to enjoy an adequate standard of living according to the International Covenant on Economic, Social and Cultural Rights, IESCR, Article 7(a)(i), to which it is a State Party.
web.amnesty.org /library/index/ENGASA390012005   (9463 words)

  
 Thailand News.Net
Thai stocks plummeted almost 20 percent at one point Tuesday in the most dramatic turmoil to hit financial markets here since the 1997 Asian financial crisis.
The Thai financial markets resumed their downward slide Thursday as investor concern grew that the financial policies of the government appointed by the military were in disarray.
Thai stocks suffered their biggest drop since Asia's 1997 financial crisis after foreign investors took fright at drastic measures to rein in the baht, prompting calls for a central bank u-turn.
www.thailandnews.net   (1065 words)

  
 Thailand Baht and Thailand currency information including currency exchange rates
Following the crisis, it was decided that the baht be placed on a floating exchange rate which halved its value, to its lowest rate of 56:1 in January 1998.
Outside of the constitution, however, the king is the anointed protector of Thai Buddhism and a symbol of national identity and unity.
The bicameral Thai parliament is the National Assembly which consists of a House of Representatives of 500 seats and a Senate of 200 seats.
www.gocurrency.com /countries/thailand.htm   (1070 words)

  
 Case Study - 1997 Thai Baht Devaluation
Major Thai banks were undercapitalized, leading to government warnings in March to ten banks to increase their capitalization, and, in April, a Moody's downgrade of the long-term senior debt and deposit ratings of five Thai financial institutions.
Furthermore, the U.S. dollar was appreciating significantly, which meant that the Baht appreciated as well, since it was pegged to a basket of currencies, of which the U.S. dollar was the primary component.
The depreciation of the Baht meant that the cost of Thailand's external debt and the cost of imported goods and services increased in terms of the Baht.
www.erisk.com /Learning/CaseStudies/ref_case_thaibaht.asp   (529 words)

  
 People's Daily Online -- Thai export target for 2007 unchanged: government
Thai Commerce Minister Krirkkrai Jirapaet was quoted by Thai News Agency as saying that so far they would not revise the export growth target, because the ministry had earlier assumed that the Thai currency would remain strong at 37 baht against the U.S. dollar.
The Thai currency further weakened on Thusday following the Bank of Thailand's decision to impose a 30 percent reserve on short-term foreign capital inflows effective from Tuesday, aimed at curbing the appreciation of the baht, which has risen 14 percent since the beginning of this year, allegedly driven by foreign speculation.
The Thai Chamber of Commerce (TCC) in the meantime warned that the country's export growth next year may drop to single digit growth if the Thai baht continue to appreciate below 35 baht to one dollar, according to a report from news network The Nation.
english.people.com.cn /200612/22/eng20061222_334927.html   (401 words)

  
 Thailand news, headlines from Thai TV, travel and hotel resources
Thai finance minister says capital controls were bid to save the country: Bangkok, Thailand Thailand's Finance Minister Pridiyathorn Devakula has called for China to allow its currency to rise against the dollar, and defended foreign currency controls he said were imposed to save the country's export-dependent economy....
Thai stock plunge can't deter investors: New York Investors are still looking to get in on the unprecedented growth of emerging markets, and this week's dip in Thailand's Bangkok Stock Market did little to shake their resolve....
Thai bonds risky after baht measure: Bangkok: Thai government bonds are unattractive with yields expected to rise further as foreign investors shun the market after government controls on short-term inflows to slow the strong baht, dealers and fund managers said....
www.thaipro.com /news/thailand-news-1.htm   (987 words)

  
 BOT steps in as baht goes higher   (Site not responding. Last check: 2007-11-01)
The Bank of Thailand (BOT) is considering easing rules for overseas investment to counter the rising value of the baht as it continues to intervene in the currency, which has shot up to a near seven-year high at Bt36.88 to the US dollar.
Dealers said the baht was expected to move in the range of Bt36.50 to Bt37 against the greenback next week.
However, she said the current baht level was still in line with the movement of regional currencies.
www.nationmultimedia.com /2006/10/28/business/business_30017349.php   (630 words)

  
 Thai Orchid Network - Exporters of high-quality wholesale orchids from Thailand.
The amount of Thai Baht permitted to take out of Thailand without prior authorization is restricted for foreigners and Thai citizens alike to THB 50,000.- or to THB 500,000.- if travelling to a country bordering on Thailand.
Monarchy: Thai people have a deep reverence for the Royal Family and a visitor should be careful to show respect for the King, the Queen and the Royal Children.
Thais regard the head as the highest part of the body.
www.thaiorchids.com /thailand2.html   (1028 words)

  
 Money ATM credit card Banking Taxes Baht in Thailand, Bangkok, Thai
The unit of Thai currency is the "baht" (though some documents typed with automatic spell checkers will incorrectly rename it the "bath"), and it's pronounced just like the English word "bought".
The main coins used are the grey metal 1 baht, 5 baht and 10 baht coins, the 10 baht coin having a pretty copper center.
Under 1 baht, there are two coins which are very small and purely brass colored, and are called "25 satang" and "50 satang" whereby 100 satang equals 1 baht, i.e., two to four of them.
www.thailandguru.com /infra-money.html   (2635 words)

  
 Thai Baht Clobbered by Coup Attempt, Yen Holds Gains - International Business Times -
NEW YORK (Reuters) - The Thai baht staged its largest one-day fall in three years on Tuesday after Thai armed forces said they had taken control of Bangkok, which led to a broad-based decline in a number of Asian currencies.
The Thai military launched a coup against Prime Minister Thaksin Shinawatra on Tuesday, circling his offices with tanks, seizing control of television stations and declaring a provisional authority loyal to the king.
Against the Thai baht the dollar rose to 37.78 baht, up from 37.305 and up over 1.3 percent on the day in the largest daily rise since October 2003.
www.ibtimes.com /articles/20060919/thailand-baht-coup.htm   (922 words)

  
 Thai Baht Gold - Thai Baht Gold Chains
If you order a Thai baht gold chain necklace or bracelet and you like it, please tell your friends.
If you want any chain or bracelet custom designed in Thai baht gold that you don't see on our web site, let us know by e-mail and we can probably make it for you.
Unfortunately we have to change the prices on our Thai baht gold chains and bracelets periodically due to changes in the market price of raw gold here in Thailand.
www.thaibahtgold.com   (262 words)

  
 Bangkok Jobs Thailand
Similarly, apples are about 15 baht each but you could get a mango for the same price, while in season some popular local fruits like rambutans sell for 15 baht a kilo.
At home, if you’re living alone, your water bill will probably be around 200 baht, your electricity bill around 500 baht, but this will rise dramatically if you make regular use of the air-conditioning for long periods (instead of fans).
Simple Thai dishes like squid stir-fried with basil or ‘tom yam gung’ served over rice are available to take away from street-stalls for around 30 baht.
www.eccthai.com /lifestyle/livingcosts.asp   (313 words)

  
 thai driving licenses & how to apply
3 Baht for three passport copies, 90 Baht for four (4) color pictures (two of which you can keep until next year) Drivers license renewal can take place in one day providing your are prepared to return in late afternoon to pick it up.
On passing the test, a Thai driver’s license will be issued and is valid for 1 year.
If you have a Thai driver's license, you can have it officially translated with official stamps, your photo and all into English at the Ministry of land transport for 50 baht.
www.chiangmailaw.com /thaidriving.htm   (1193 words)

  
 Forex Blog: Thai Baht shakes off political crisis
Last week, the Thai military usurped control of Thailand’s government while the Prime Minister was in New York attending a United Nations conference.
In the following week, the Baht retraced almost all of its losses, as the markets reacted positively to promises by the leader of the coup, that democracy would be returned to Thailand as soon as the Constitution could be rewritten.
This episode was the most significant interruption to the Thai Baht in over a year, during which time the currency appreciated over 10% against the USD.
www.forexblog.org /2006/09/thai_baht_shake.html   (179 words)

  
 The American School of Bangkok (ASB)
One baht is approximately less than 4 U.S. Cents.
Thai Baht which are available in the following denominations; 20 Baht, 50 Baht, 100 Baht, 500 Baht, and 1000 Baht.
It is possible to exchange Thai Baht into American dollars and send back home.
www.asb.th.edu /about_thailand/money_banking.htm   (101 words)

  
 Future Shock for Thai Business as Baht Floats
For more than a decade, the baht was pegged to a secret basket of major currencies and remained one of Asia's most stable currencies.
Daily volatility was limited to a band of just two sathang — two one-hundredths of a baht — on either side of the central rate.
Two days after the baht was floated, Siam Cement centralized the currency operations of its eight divisions for the first time, the executive said.
www.iht.com /articles/1997/07/17/baht.t_8.php   (670 words)

  
 Investors skittish as Thai baht declines _World Biz—China Economic Net   (Site not responding. Last check: 2007-11-01)
The Thai baht slumped this week by the most since July 2002 as investors withdrew funds because of central bank rules aimed at weakening the currency.
The baht dropped to 36.40 against the United States dollar yesterday in Bangkok, taking losses this week to 3.3 percent.
The Thai central bank is responding to exporters who say the baht's 12.5 percent gain this year hurt demand from overseas by making their goods more expensive.
en.ce.cn /World/biz/200612/23/t20061223_9857014.shtml   (302 words)

  
 No Bolster for Baht says Thai Finance Minister   (Site not responding. Last check: 2007-11-01)
With the Thai baht hitting a 37-month low on Thursday, closing at 45.45, Finance Minister Somkid Jatusripitak denied that the Bank of Thailand had intervened in the foreign exchange market to bolster the baht.
The finance minister blamed the baht’s decline on regional factors, particularly the weakness of the Japanese yen.
The bank reiterated that it has been concerned over the volatility of the baht and is prepared to act if the baht fluctuated too much.
www.bizasia.com /economy_/z3ng6/no_bolster_baht_says_thai.htm   (407 words)

  
 Thailand - Wikipedia, the free encyclopedia
The Thai language is Thailand's national language, written in its own alphabet, but many ethnic and regional dialects exist as well as areas where people speak predominantly Isan or Mon-Khmer languages.
Their successful integration into Thai society has allowed for this group to hold positions of economic and political power, the most noteworthy of these being the Thai Prime Minister, Thaksin Shinawatra, who held power from 2001 until September 19, 2006 when he was ousted by a military coup d'état.
Muay Thai, or Thai boxing, is the national sport in Thailand and its native martial art.
en.wikipedia.org /wiki/Thailand   (3990 words)

  
 ADB Issues Debut Thai Baht Bonds - ADB.org
Priced at par, ADB's baht bonds carry a semiannual coupon of 3.87% per annum and were priced at a spread of 17 basis points over the five-year Thai Government Security.
ADB's baht bond issue represents many firsts in the Thai capital market: first issue by a foreign entity; first supranational issue; and first issue rated triple-A by Fitch, Moody's, and Standard & Poor's.
Khunying Jada Wattanasiritham, the President of Siam Commercial Bank, adds that the deal is a prestigious one for her bank, which has a distinguished track record and an extensive market coverage network of institutional and retail investors.
www.adb.org /Documents/News/2005/nr2005077.asp   (562 words)

  
 Thai Baht Gold Chains - Classic Traditional Thai Baht Gold Necklaces
Thai Baht Gold Chains - Classic Traditional Thai Baht Gold Necklaces
All of our Thai Baht Gold Chains are 96.5% pure solid gold.
We have it in various lengths and weights from 1/2 baht up to 20 baht.
www.thaibahtgold.com /N5000.html   (84 words)

  
 Thai Baht Exchange Rates - North and South America - Current Exchange Rates
Thai Baht exchange rates against currencies in North and South America for December, 22
Exchange rates for the Thai Baht against foreign currencies from North and South America are displayed in the table above.
The values in the Convert To column provide the quantity of foreign currency units that can be purchased with 1 Thai Baht based on recent exchange rates.
www.exchange-rates.org /currentRates/THB   (181 words)

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