BKK_BUS_SUP_Mar19

BUSINESS SUPPLEMENT
FOREIGN CURRENCY UPDATE
Although the U.S. Dollar fell
in the wake of even more Federal
Reserve statements that it will be
“more patient” with interest rate rises,
it has since risen quite strongly
to retest its highs. The DXY U.S.
Dollar index, (an index that measures
the U.S. Dollar’svalue against
six major currencies), fell to a low of
95.34 before putting on a sharp rally
that took it to 97.05. Against the
Thai Baht,and even in spite of the
DXY strengthening the Dollar
lost ground to move from
31.88 to 31.32, indicating
that the Thai baht itself is
seeing real strength of late,
even in excess of the U.S.
Dollar strength.
The British Pound rose
from 1.2903 to a high of
1.3203 against the U.S.
Dollar due to the initial
Dollar weakness, but fell
back to 1.2849 as the U.S. Dollar
strengthened again. Interesting is
that the moves have been mainly
Dollar driven rather than Pound driven,
meaning that although Brexit is
still a driver of the British Pound’s
fortunes it has had a muted effect
of late. That could change as Brexit
deadlines draw nearer. Against
the Thai Baht, the pound rose from
41.31 to 41.68, but quickly gave
back those gains as the Thai Baht
strengthened, to hit a low of 40.24,
coming close to levels not seen for
almost 20 years.
The U.S. Dollar vs. Japanese
Yen cross ratemirrored the move
of the U.S. Dollar higher but also
weakened when the Dollar moved
lower. Overall, the Yen rose from
108.51 to 110.48 to the U.S. Dollar.
Of course when the Yen rises
against the Dollar it is actually the
U.S. Dollar getting stronger and
the Yen that is getting weaker because
a rise indicates that a U.S.
Dollar can buy more Yen. Against
the Thai Baht, the Yen moved down
strongly from 0.2932 to 0.2812 indicating
again that the Thai baht has
strengthenedagainst almost all currencies
by an amount that is close
to three per cent.
The Russian Ruble strengthenedagainst
the U.S. Dollar moving
from 67.23 to 65.59. This occurred
even while the U.S. Dollar was gaining
ground and so it can be seen
that the Ruble has strengthened at
an even faster rate than the Dollar.
This is further evidenced by
the fact that the Ruble has
held up well against the Thai
baht having been absolutely
flat, trading in a tight range of
0.4733 to 0.4776.
The Euro vs. the U.S. Dollar
cross rate has shown Dollar
strength and Euro weakness
with the Euro dropping from
1.1467 to 1.1282. Against the
Thai Baht the drop is almost
double that magnitude, as it
takes into account additional
Thai baht strength. The Euro
moved in a straight line without any
retracement from 36.59 to 35.29
to the Thai Baht, another three per
cent drop on top of the three per
cent drop seen last month, settling
at a multi-year low.
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AKESIS-
ONCOLOGY
Akesis Life Centre in Bangkok
represents a new type of cancer clinic
offering non-toxic cancer treatment
for patients who are looking for efficient
alternatives to intrusive methods
such as high dose chemotherapy
and radiation therapy.
Since its opening last August in
Phloen Chit, Akesis Life has already
helped many patients from all over
the world on their journey to recovery.
As the demand for admissions is
growing, Akesis Life took the decision
to move to a new location in Asoke as
from February 2019.
Akesis Life provides personalised
cancer treatment with a medical team
dedicated to patients and headed by
the world renowned integrative oncologist
Dr. Thomas Lodi. The new centre
has been carefully designed and
is fitted out with the latest technologies
and analytical equipment from
Germany, Switzerland and the US.
Patient Care Director, Sarah
Watts explains that “This development
for Akesis Life demonstrates
our commitment to delivering excellent
integrative healthcare and positions
us as one of the leading cancer
treatment centres in the world.”
The new clinic offers to patients a
splendid view all over the city as from
one of the highest floor of the iconic
253 Asoke Building in Sukhumvit 21.
The Medical Team is conscious how
stress can have direct effects on their
patients’ recovery, which is one of the
main reasons Akesis Life chose this
specific location and clinic design.
Asoke is the best connected area
in all the capital, including a direct access
to the Airport Rail Link making
it easy for anyone visiting patients to
commute easily whilst avoiding the
heavy intercity traffic.
The Lancaster Bangkok is the
clinic’s partner hotel for accomodation.
This is where all patients are
able to stay, providing impeccable
hospitality. This 5-star hotel is very
close to the clinic where patients and
their families are able to relax in spacious
rooms and luxurious facilities
after their daily treatments.
Anyone who is interested in further
information about Akesis Life and
the treatments they offer can contact
their Patient Care Team directly
by emailing contact@akesisoncology.com
or visiting their website
https://akesisoncology.com/
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