LIFE IN BANGKOK

Bangkok is known as the Venice of the East and its Thai name translates as City of the Angels

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Location: Bangkok, Thailand

Wednesday, December 13, 2006

The Incredible Shrinking Dollar


Over the past year the dollar has sunk to a nine-year low against the Thai baht, the lowest it's been since the 1997 financial crisis when everything went to hell in a handbasket. Every time we change money the news just keeps getting worse, and the predictions are that it'll stick this low. What this means for us is that in the last year we've essentially had a 15% reduction in pay. Phooey.

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