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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who wrote ()	5/1/1998 8:45:00 AM
From: jlallen	Read Replies (1) of 3536

Henry: What is your outlook on Asian currencies, most particularly the Thai Baht? I had an interesting experience last year. I had to go to Bangkok on business. When I made my reservations in April the exchange rate was 25THB/USD. When I arrived in November it was 40-42THB/USD. What surprised me was that the prices of goods and services did not seem to change although the currency was worth 40% less in relative terms. What do you think the outlook is for the currency as the government tries to workout all the bad debt the economy is saddled with? JLA

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