Thread: Bangkok Chiong Scene / Massage / AGoGo / Clubs / Disco
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Old 15-01-2015, 07:00 PM
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Re: Bangkok Field Report
Bro Yinyang, SGD is based on basket of currencies. They include all hard currencies as discussed by our govt donkey years back......hard currencies included the USD, GBP, CHF, JPY, Deutsche Mark (replaced by EUR) and French Franc (replaced by EUR) and one more European currency (can't remember). I do not know the exact %, but believe CHF is a significant % based on GIC/Temk's investments in Swiss banks over the years....
THB on the other hand......peg to what??? Since 1997 crisis, THB unofficially pegged to USD, but of late, the 2 have gone "separate ways"....
Last edited by gsk721g; 15-01-2015 at 07:02 PM. Reason: Typo