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Thread: BKK - Jan 21-30
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Old Jan 19, 2007 | 7:52 pm
  #38  
Thai-Kiwi
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Kiwi Dollar has fallen more than the USD against the Thai Baht
Now, now, transpac, the exchange rate is only 'relatively' terrible, it used to be THB25 to USD 1 in the mid 80's (fixed by govt).

THB/USD 2004 - maybe THB 41 = USD 1
THB/USD 2007 - THB 35 = USD 1

So a 6/35 change is a 17% loss of purchasing power.

THB/NZD 2004 - THB 29 = NZD 1
THB/NZD 2007 - THB 23 = NZD 1 (and it was down to 21.8 in Oct)

So a 6/23 change is a 26% loss of purchasing power. Ouch!

Cheers, TK
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