Baht What up with Dat?????

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bumper
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Baht What up with Dat?????

Post by bumper » October 10, 2015, 6:21 pm

Emerging Market currency big gains this week

http://www.bangkokpost.com/business/wor ... n-17-years



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bignote1
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Baht What up with Dat?????

Post by bignote1 » October 12, 2015, 2:22 am

I will be in LOS next month, February and more than likely August.
Should I convert enough sterling next month to cover all my cash requirements for next year or convert on each occasion I visit.
What's your prognosis? Any advice gratefully received

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Baht What up with Dat?????

Post by bumper » October 12, 2015, 11:08 am

It seems to all depends on what the FED does, no one has real clue about that one.. I would bring what I need for a short period I of time then use the ATM. But, that is just me.
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Baht What up with Dat?????

Post by bumper » October 12, 2015, 11:41 am


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noosard
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Baht What up with Dat?????

Post by noosard » October 12, 2015, 11:48 am

I would bring with me what was required each trip
Not use ATM's
My bank hits me twice for transactions
First a bad exchange rate
Second an expensive overseas transaction fee
And thats not including a local ATM fee

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Baht What up with Dat?????

Post by rick » October 12, 2015, 8:44 pm

I must admit the GBP/Baht movements the last week have been a bit mystifying. Apart from the expected rise of the baht after the Fed announcement, on at least 2 occasions the baht has gone up substantially against GBP, while the GBP has risen against other SE Asian currencies, the dollar and the Euro. So where is the good news pushing up the baht? Or is it all based on ensuring lower rates for tourists changing money during the winter season tourist rush?

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parrot
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Baht What up with Dat?????

Post by parrot » October 15, 2015, 7:52 am

I can't help but feel confident about my 40/$1 prediction........maybe not on January 1st........but maybe not long after

http://www.bangkokpost.com/news/politic ... st-5-years

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Baht What up with Dat?????

Post by bumper » October 15, 2015, 5:30 pm

Dropped to 35.25 this morning. All about the FED.

One has to ask what stimulus?

http://www.nationmultimedia.com/busines ... 70908.html

This is two against growth and one it will grow :lol: :lol: :lol: :lol:

http://www.nationmultimedia.com/busines ... 70915.html
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Baht What up with Dat?????

Post by parrot » October 25, 2015, 4:32 pm

Regarding the Fed.....and the Baht. The article below helps me to understand the Fed more than I ever did previously........and how making currency bets on the dollar is indeed risky business.

I don't know how long people have been predicting an imminent rise in rates.....only to find the Fed isn't raising them......and yet, the world isn't coming to an end. Anyway, interesting reading.

http://www.nytimes.com/2015/10/25/magaz ... ekendreads

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Baht What up with Dat?????

Post by bumper » October 28, 2015, 12:29 pm

Interesting article, in the end I suppose it depends on where you are in life, in our case a strong dollar is a benefit. I wouldn't say the same about a company marketing a product internationally. as to loan costs from banks been my experience if you have a small business and need a loan a bank isn't going to loan to you anyway,

So I hope for stronger dollar, selfish sole that I am :lol:
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Baht What up with Dat?????

Post by bumper » November 1, 2015, 10:13 am

Fed rate this has gotten ridicules we are talking about .25% it has to be factored in by now. But, yet we still see knee jerk reactions/

One country in South America started selling their gold today, I don't remember which one. I could see that effecting the Gold Market, simply more of a supply available. But, the FED rate I don;t thinks so.

http://www.bangkokpost.com/business/gol ... ke-concern

This I could see having an effect on the baht

http://www.bangkokpost.com/business/new ... -an-uptick
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Baht What up with Dat?????

Post by bumper » November 1, 2015, 11:18 am

Finally found the article on Venezuela selling it's Gold Reserves

http://money.cnn.com/2015/10/29/news/ec ... ernational
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Baht What up with Dat?????

Post by bumper » November 3, 2015, 6:02 pm

I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it

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Baht What up with Dat?????

Post by bumper » December 17, 2015, 6:08 pm

Well the FED finally raised the interest rate and the BOT did a good job of controlling the baht movement. How long they will keep it up I have no idea.


At my last look they kept it at 36.06

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Baht What up with Dat?????

Post by noosard » December 17, 2015, 7:43 pm

The Fed has gunnabe going to raise the rate for so long
It has caused the USD to climb for the whole year so the market as whole didn't panic

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Baht What up with Dat?????

Post by bumper » December 18, 2015, 9:10 am

Really they shouldn't have, for that very reason. Next few days should be interesting. I noted yesterday when the BOT stepped in, that is their job You could see where the Baht moved 17 satang then went back just about 36.06 each time.
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Baht What up with Dat?????

Post by bumper » December 18, 2015, 6:56 pm

Things swung around today CNN at 1845 hours Baht 36.16 Market dropped 25 points to 1284

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Baht What up with Dat?????

Post by bumper » December 19, 2015, 10:00 am

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Baht What up with Dat?????

Post by parrot » January 1, 2016, 6:18 pm

parrot wrote:The last thing I've ever been correct on is forecasting exchange rates.....be they Taiwan dollars, Japanese Yen, or Thai Baht. But just like some of those financial pundits who forecast a stock market collapse.....and lo and behold, someday they WILL be correct, and I assume famous........I'm going out on a limb.
I have nothing to back up my prediction....other than a continuing series of articles on the economy from outside the country, continued building beyond imagination.....not just in Udon....but virtually all over the country, the anticipation of AEC but the reality that AEC isn't the bull that many see it to be (see today's article about open skies being delayed), along with the military mentality in most all the heads of the government.
So, my prediction..........40 to $1 by the end of the year. I know, I know......I'll be wrong....but if I'm right, I'll be famous!!

I obviously missed my prediction.....but ending the year at 36.01 to $1 isn't all that bad, considering the rate was around 32.5 at the end of March 2015. Given the current state of affairs here, devaluations in China, Indonesia, and Vietnam since March, and the continuing rise in the dollar, I'm betting (not much) that even better days are ahead for the dollar/baht exchange rate.

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Baht What up with Dat?????

Post by bumper » January 2, 2016, 12:29 pm

Yo be honest I expected to see more then we got. Maybe things have to settle in after the Holidays. The Markets in the States closed lower. So unless something changes beyond the norm I expect to see the Sat down and the dollar up. It looks to me like the BOT is doing a good job holding the line right now.
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it

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