"The baht eased yesterday after steadily appreciating over the past few weeks as Singapore's Temasek Holdings brought in funds for a tender offer to Shin Corp shareholders, say currency dealers. External factors that resulted in Japanese yen and Chinese yuan appreciation also helped buoy the baht, they said." -- An excerpt from Bangkok Post
Im going to lose out on the exchange rate... caused by... Arrgghh... mummy is so smart, we talk in terms of Sing dollar, now i face exchange rate risk on my own. Anybody wants to go into forward contracts with me? I have been checking the rates everyday. What should i do now? Change all? Or wait for it to depreciate? or after Temasek transfers all the funds, will it start depreciating then? If only i had keep up with the news on the deal...
When i first arrived in Bangkok in Jan, the rate was 24.3bt to 1 S$. Now its 23.6 to 1 S$.
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