Tuesday, August 04, 2009

Thai baht movement


With very small green shoots showing themselves in the UK economy, this as prompted the GB Pound to actively become stronger, with the £1 at $1.70.

In the last three months the £1 as increased by over 10% against the Thai Baht. It now stands at 57.5 baht to the pound, still a long way from the high of 75 baht five years ago. Long may it continue, if it continues to strengthen then I may begin importing stuff from Thailand to sell again.

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