Where is the Baht headed?
Where is the Baht headed?
Less than 32 to the USD and sliding
2 years ago the baht was worth 36.3 to the Dollar now 31.9, 4.4 baht less or the USD has slide 12.2 %
With this the exports of Thailand are more expensive therefore less buying of Thai products by other countries On a $1,000,000 order which isn't at all that big it would cost the buyer an extra $100,000 as compared to 2016
More expensive for Expats to bring in money , if they are to live here
The upside Thais get more for their money and can buy and travel
But in the end where will it all end 31, 30, 29 ...... who knows
2 years ago the baht was worth 36.3 to the Dollar now 31.9, 4.4 baht less or the USD has slide 12.2 %
With this the exports of Thailand are more expensive therefore less buying of Thai products by other countries On a $1,000,000 order which isn't at all that big it would cost the buyer an extra $100,000 as compared to 2016
More expensive for Expats to bring in money , if they are to live here
The upside Thais get more for their money and can buy and travel
But in the end where will it all end 31, 30, 29 ...... who knows
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- udonmap.com
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Re: Where is the Baht headed?
The baht is grossly over rated, and why are all imported goods still so expensive ?? shoud have come down by now, or who is profiteering?
Thailand is long overdue for another crash.
Thailand is long overdue for another crash.
- random thought
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Re: Where is the Baht headed?
Think it is mostly due to the USD being in the toilet among most currencies. How is the Baht versus the Pound and Euro?
Re: Where is the Baht headed?
Pound Up SLIGHTLY Against The Baht Today....44 Baht to 1 Pound.....
Re: Where is the Baht headed?
Here is some more smoke and mirrors on the subject.
https://www.bangkokpost.com/business/fi ... bahts-rise
https://www.bangkokpost.com/business/fi ... bahts-rise
Re: Where is the Baht headed?
here is a chart of pass years to present
so it still has a ways to go
here is a longer chart
might start to worry when it breaks below 29
starts Feb 1 2013 to now so it still has a ways to go
here is a longer chart
might start to worry when it breaks below 29
Re: Where is the Baht headed?
Got 44.20 to the Pound At Superrich in Nong Khai Today....But they deal 15 Satang LOWER Than Superrich in Bangkok....
Re: Where is the Baht headed?
by yahoo now
pound is at 44.60
euro is at 39.03
dollar is at 31.64
aus at 25.54
pound is at 44.60
euro is at 39.03
dollar is at 31.64
aus at 25.54
Re: Where is the Baht headed?
Baht against the US Dollar is going down fast at the moment but most things are against the US dollar.
It broke through the 2014 July and August support after that dropped a lot Lowest since November 2013 at the moment
The Pound is doing OK though at the moment.
It broke through the 2014 July and August support after that dropped a lot Lowest since November 2013 at the moment
The Pound is doing OK though at the moment.
Re: Where is the Baht headed?
This is the Raid on paper fiat..get your paper into something , rather than nothing.
Hint: Banks print "Nothing" and trade it for 'something".
A No-Brainer
Hint: Banks print "Nothing" and trade it for 'something".
A No-Brainer
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- udonmap.com
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Re: Where is the Baht headed?
good article in the Post, today. Basically, The Indonesian Rupiah is starting to slide, and it is often considered a bellweather for SEA currencies. A possible canary in the coal mine.
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Re: Where is the Baht headed?
decent week for the USD...maybe the freight train is changing course. May is the worst month for the Baht against the Dollar. 2009 and 2017 were the only years the Baht strengthened, during May.
Re: Where is the Baht headed?
Dunno about the $. But I watch the Baht-Pound everyday.
Seems strange. I notice the pound gains strength mid month.
But come end of month, loses again
The pound was 43.95 (buying) on 12th April.
Soon as the songarn was over, and banks open dropped like a stone.
Is there a system where the banks here can manipulate the exchange rate?
All the farangs withdrawing their pensions etc at end of month, must be a good earner!
Seems strange. I notice the pound gains strength mid month.
But come end of month, loses again
The pound was 43.95 (buying) on 12th April.
Soon as the songarn was over, and banks open dropped like a stone.
Is there a system where the banks here can manipulate the exchange rate?
All the farangs withdrawing their pensions etc at end of month, must be a good earner!
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Re: Where is the Baht headed?
they have a little room to manipulate, as they likely have a heads up of what is coming in immediately after a holiday. They can also open the rate at 8:30, then change it at 8:45, after all the money was transferred at the opening rate. I have certainly seen far worse shenanigans. The Post mentioned that many Thai companies pay dividends in April and May to foreign stockholders, coupled with a big drop in tourism after Songkran...usually causes weakness. I say it is overvalued (the THB vs. the USD)....It is truly a double edged sword, and strong currency can just as likely mean turmoil as it can economic boom. The Dollar strengthened considerably vs. the THB in 2009 and the US economy was swirling down the toilet.
Re: Where is the Baht headed?
On the 17th of this month the Pound was 44.82 baht.
On the 20th it fell to 43.88 yet all the Experts were saying the pound is getting stronger.
On the 20th it fell to 43.88 yet all the Experts were saying the pound is getting stronger.
Re: Where is the Baht headed?
The baht is headed wherever the powers want it to go, which is much like any currency anywhere. It's not something I can control, and it is pretty much unpredictable, so I don't try.
AMERICA: One of the Greatest Stories Ever Told.
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Re: Where is the Baht headed?
Tough game to play, in fact, notice how many fewer ads there are for FOREX traders all over the place? The SEC determined 3 out of four were losing money....it has been a boiler room favorite for a while, but word is getting out. Still, cost averaging is the way to go. A large condo purchase would require a little luck and timing. I did notice BKK Bank changed their rates four times today, all in favor of the Dollar...the next month will be interesting on this matter.
https://www.investopedia.com/articles/f ... x-scam.asp
https://www.investopedia.com/articles/f ... x-scam.asp
Re: Where is the Baht headed?
I dont know if jimboPSM follow this tread anymore, but today there is a very good article about the manipulation of the currency.
What i dont understand is why the Bank of Thailand is loosing money on the manipulation and i hope someone can explain it to me
What i dont understand is why the Bank of Thailand is loosing money on the manipulation and i hope someone can explain it to me
https://www.bangkokpost.com/business/fi ... mitigationThe Bank of Thailand has attempted to allay concerns about its accumulated losses by clarifying that they stem from its financial operations to mitigate baht appreciation through foreign currency purchases.
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- udonmap.com
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Re: Where is the Baht headed?
it was pretty obvious the baht overshot on the way up. When you look at the cost of things that usually are closely priced in the US and Thailand, and suddenly they are ,10% more here...it is too strong. NO print cartridges Heineken Beer, Logitech computer peripherals..come to mind. That is the nature of currency from developing nations. So the try to slow its strengthening by holding the foreign currency, but they get creamer in the process. However, the Dollar has gained three percent in 22 days...so they just got back a lot of their losses. OTOH, when it was 36...things seemed just a bit too cheap...and the smart folks load up.