Today, Yahoo! Finance quotes the USD to Thai Baht at about 1 to 32.5, while the Bangkok Post gives a rate of about 1 to 35. That difference is quite substantial -- around 7%.
As a resident of Thailand, I know that the BKK Post rate is the one you'll get here. I'm just curious why the Yahoo! one is so different.
2007-04-15 17:10:01 · 3 answers · asked by southeastside 2 in Business & Finance ➔ Other - Business & Finance
Thanks for the answers, the content of which I had anticipated. However, it's not a "timing" issue. A 5-day intraday chart at Yahoo! shows a min of 1:32.15 and a max of 1:32.75. Nowhwere near 1:35.
2007-04-15 17:47:49 · update #1
Yahoo! Finance rates apply to very large transactions (US$1,000,000 or more) and should be considered a mid-rate. You may get 32.5 per US$1, but going the other way, US$1 may cost you 37.5 Baht (Just a guess, how close did I come?)
2007-04-17 14:23:11 · answer #1 · answered by F. Frederick Skitty 7 · 1⤊ 0⤋
Old data. Money markets are one of the fastest changing markets in the world. 15 minute old data could cost big.
2007-04-15 17:18:30 · answer #2 · answered by Mr. K 5 · 0⤊ 0⤋
the exchange rate is fluctuate in the fraction of time maybe the time when is recoerd for one newspappre and oher is different.
2007-04-15 17:20:37 · answer #3 · answered by Faisal R 3 · 0⤊ 0⤋