soalbundy Posted January 11, 2018 Share Posted January 11, 2018 anyone else notice how the Thai Baht has been consistently creeping up in value every day against Dollar,Pound,Euro and probably others. 1 Link to comment Share on other sites More sharing options...
Popular Post tonray Posted January 11, 2018 Popular Post Share Posted January 11, 2018 Trump is killing me..........only a short time ago.....36 to the dollar...now 32.......idiot 3 6 1 3 1 Link to comment Share on other sites More sharing options...
Popular Post simoh1490 Posted January 11, 2018 Popular Post Share Posted January 11, 2018 Markets are looking for The Pound to remain flat for most of the year and then potentially rise based on (if) good Brexit news. The Baht is mid tourist season so THB demand is high, exporters are getting anxious. The weakness remains with USD which fell again yesterday on (bogus) news out of China about bond buying. Soooo, it's all about USD weakness. 2 2 Link to comment Share on other sites More sharing options...
Popular Post soalbundy Posted January 11, 2018 Author Popular Post Share Posted January 11, 2018 1 minute ago, simoh1490 said: Markets are looking for The Pound to remain flat for most of the year and then potentially rise based on (if) good Brexit news. The Baht is mid tourist season so THB demand is high, exporters are getting anxious. The weakness remains with USD which fell again yesterday on (bogus) news out of China about bond buying. Soooo, it's all about USD weakness. That's what I thought at first as well but even the Euro is under pressure against the Baht 4 Link to comment Share on other sites More sharing options...
Popular Post simoh1490 Posted January 11, 2018 Popular Post Share Posted January 11, 2018 4 minutes ago, soalbundy said: That's what I thought at first as well but even the Euro is under pressure against the Baht I'm pretty confident it's the China Bond thingy, somebody reported that China was considering not buying any more US bonds, that along with bond yields passing the 2.50% mark - the news on both those things was later found to be either false or not unusual, expect THB to weaken as a result would be my guess. 1 2 Link to comment Share on other sites More sharing options...
Popular Post tonray Posted January 11, 2018 Popular Post Share Posted January 11, 2018 50 minutes ago, simoh1490 said: I'm pretty confident it's the China Bond thingy, somebody reported that China was considering not buying any more US bonds, that along with bond yields passing the 2.50% mark - the news on both those things was later found to be either false or not unusual, expect THB to weaken as a result would be my guess. As bond yields rise the dollar becomes more attractive and usually strengthens along with interest rates. The pending NAFTA withdrawal potential which would be very damaging to the US economy is what is pressuring it over the last few days but Trump's instability (regardless of his genius) is what is lowering demand for dollars as the US relinquishing economic clout to China continues. 5 1 Link to comment Share on other sites More sharing options...
Popular Post simoh1490 Posted January 11, 2018 Popular Post Share Posted January 11, 2018 34 minutes ago, tonray said: As bond yields rise the dollar becomes more attractive and usually strengthens along with interest rates. The pending NAFTA withdrawal potential which would be very damaging to the US economy is what is pressuring it over the last few days but Trump's instability (regardless of his genius) is what is lowering demand for dollars as the US relinquishing economic clout to China continues. Shouldn't Trump be labelled as a currency manipulator then! 1 5 Link to comment Share on other sites More sharing options...
Kwasaki Posted January 11, 2018 Share Posted January 11, 2018 53 minutes ago, simoh1490 said: Shouldn't Trump be labelled as a currency manipulator then! Nah his just a moment in time. Link to comment Share on other sites More sharing options...
weegee Posted January 11, 2018 Share Posted January 11, 2018 3 hours ago, simoh1490 said: I'm pretty confident it's the China Bond thingy, somebody reported that China was considering not buying any more US bonds, that along with bond yields passing the 2.50% mark - the news on both those things was later found to be either false or not unusual, expect THB to weaken as a result would be my guess. Should start around March this year.....??? 1 Link to comment Share on other sites More sharing options...
Popular Post chicowoodduck Posted January 12, 2018 Popular Post Share Posted January 12, 2018 Oops, guess I will wait a bit before I unpack my bag? ??? 3 7 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted January 12, 2018 Popular Post Share Posted January 12, 2018 I think the Baht is artificially strong currently so they can import more quality watches cheaply 9 12 Link to comment Share on other sites More sharing options...
lannarebirth Posted January 12, 2018 Share Posted January 12, 2018 (edited) 16 hours ago, tonray said: As bond yields rise the dollar becomes more attractive and usually strengthens along with interest rates. The pending NAFTA withdrawal potential which would be very damaging to the US economy is what is pressuring it over the last few days but Trump's instability (regardless of his genius) is what is lowering demand for dollars as the US relinquishing economic clout to China continues. The issue IMO is that the market is pricing in a ton of new bond issuance in 2018. In 2017 Bonds were over subscribed in 2018, particularly with an infrastructure bill on the horizon it is likely Bond offerings will be under subscribed. Probably some nascent inflation being priced in as well. Edited January 12, 2018 by lannarebirth 1 Link to comment Share on other sites More sharing options...
Popular Post connda Posted January 12, 2018 Popular Post Share Posted January 12, 2018 The real question is: "What is happening to the USD, British Pound, and the Euro?" 4 2 Link to comment Share on other sites More sharing options...
Popular Post Wake Up Posted January 12, 2018 Popular Post Share Posted January 12, 2018 The reality is Thailand is not crashing and burning and tourism is not declining as many TVF posters would like you to believe. Travel around Thailand by car. Economy is growing in every area north and south with future investments planned for the EEC and roads and rail and sky. Two things that are daily myths myths on this TVF. One is that Thailand is not doing well financially and will collapse soon. Second you should never drive in Thailand. IMO once you drive Thailand especially if you are lucky to meet some educated Thai people and some village Thai people, the more you recognize the BS daily posts by some sad expats who don’t like their life and blame their personal misery on Thailand and Thai people. 29 2 1 2 1 Link to comment Share on other sites More sharing options...
Popular Post 12DrinkMore Posted January 12, 2018 Popular Post Share Posted January 12, 2018 28 minutes ago, Wake Up said: the more you recognize the BS daily posts by some sad expats who don’t like their life and blame their personal misery on Thailand and Thai people. And add in a big dose of white supremacy attitude. 7 1 1 4 Link to comment Share on other sites More sharing options...
Black arab Posted January 12, 2018 Share Posted January 12, 2018 Well i read that 'foriegners' were buying the baht in shedloads just this year so its increasing in value although exporters in thailand are anxious its getting too strong.As for the pound brexit wieghs on it and the dollar well the us economy , trump im not sure 1 Link to comment Share on other sites More sharing options...
Popular Post juice777 Posted January 12, 2018 Popular Post Share Posted January 12, 2018 Trump is killing me..........only a short time ago.....36 to the dollar...now 32.......idiotTry Brexit then 55 now 43Sent from my SM-G900F using Tapatalk 3 Link to comment Share on other sites More sharing options...
Popular Post Froggybanrai Posted January 12, 2018 Popular Post Share Posted January 12, 2018 49 minutes ago, Wake Up said: The reality is Thailand is not crashing and burning and tourism is not declining as many TVF posters would like you to believe. Travel around Thailand by car. Economy is growing in every area north and south with future investments planned for the EEC and roads and rail and sky. Two things that are daily myths myths on this TVF. One is that Thailand is not doing well financially and will collapse soon. Second you should never drive in Thailand. IMO once you drive Thailand especially if you are lucky to meet some educated Thai people and some village Thai people, the more you recognize the BS daily posts by some sad expats who don’t like their life and blame their personal misery on Thailand and Thai people. I've been around for >20 years, drive 30K kms/year and I can only agree with the above. Everywhere I go, I see new houses, factories, not to mention the so many new cars. While talking with locals "tang changwat" , it is plain to see that there are less and less extremely poor people. Yes there is debt, may be excessive debt, but so far I am still waiting to see the remake of the big crisis of 97 , would be bad for Thailand but egoistically rather good to me... 3 Link to comment Share on other sites More sharing options...
jesimps Posted January 12, 2018 Share Posted January 12, 2018 20 hours ago, tonray said: Trump is killing me..........only a short time ago.....36 to the dollar...now 32.......idiot Wish I was idiot enough to become filthy rich and be elected POTUS. Link to comment Share on other sites More sharing options...
tonray Posted January 12, 2018 Share Posted January 12, 2018 1 minute ago, jesimps said: Wish I was idiot enough to become filthy rich and be elected POTUS. #MeToo Link to comment Share on other sites More sharing options...
jesimps Posted January 12, 2018 Share Posted January 12, 2018 34 minutes ago, 12DrinkMore said: And add in a big dose of white supremacy attitude. You have a problem. If I were you I'd have it seen too. Your posts have racist undertones and I reckon the mods should have a word. 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post gamini Posted January 12, 2018 Popular Post Share Posted January 12, 2018 I thought it should be pretty obvious why the Thai baht is so strong. Improving econmy, exports and tourism. Thailand is doing much better than the UK or America. Thai bashers dont like this so they distort everything. 4 Link to comment Share on other sites More sharing options...
TKDfella Posted January 12, 2018 Share Posted January 12, 2018 1 hour ago, Wake Up said: The reality is Thailand is not crashing and burning and tourism is not declining as many TVF posters would like you to believe. Travel around Thailand by car. Economy is growing in every area north and south with future investments planned for the EEC and roads and rail and sky. Two things that are daily myths myths on this TVF. One is that Thailand is not doing well financially and will collapse soon. Second you should never drive in Thailand. IMO once you drive Thailand especially if you are lucky to meet some educated Thai people and some village Thai people, the more you recognize the BS daily posts by some sad expats who don’t like their life and blame their personal misery on Thailand and Thai people. Well, I'm not saying I agree 100% but there are definitely observational facts that back you up. For example, the number of cars/pickup on the roads now compared to say 15 years ago. Tesco Lotus, Big C, Macro supermarkets have and are still springing everywhere. Home Improvement superstores too. These don't appear to lack shoppers any day of the week. Another fact are the mobile phones. Is this all due to Thais have more money to spend or is it credit? I am in no way an economist but I lean towards to the latter...I just hope the Loan Sharks aren't having a 'field day'. 2 Link to comment Share on other sites More sharing options...
gamini Posted January 12, 2018 Share Posted January 12, 2018 28 minutes ago, Froggybanrai said: a good positive post. Link to comment Share on other sites More sharing options...
happydays Posted January 12, 2018 Share Posted January 12, 2018 According to the Thai Bond Market Association there have been B47billion of foreign funds flowing into Thai bonds this year compared to about B160billion for the whole of 2017. This has led to the Baht appreciating by 1.75% year to date making it the strongest performing Asian currency. However if Thai inflation picks up or there’s an increase in US Treasury yields then we could see an outflow of foreign funds & subsequent weakening in the Baht. 2 Link to comment Share on other sites More sharing options...
timendres Posted January 12, 2018 Share Posted January 12, 2018 (edited) 5 hours ago, jesimps said: You have a problem. If I were you I'd have it seen too. Your posts have racist undertones and I reckon the mods should have a word. Not addressing 12DrinkMore's "point of view", but I would like to defend the comment as having some validity. I have dealt with more than one Farang here with quite a "supremacist" view towards Thai people. Frankly, it has shocked me. The Thais would say "Thai language removed" -> "He looks down on Thai people". Edited January 12, 2018 by metisdead English is the only acceptable language anywhere on ThaiVisa including Classifieds, except within the Thai language forum, where of course using Thai is allowed. 1 Link to comment Share on other sites More sharing options...
timendres Posted January 12, 2018 Share Posted January 12, 2018 10 minutes ago, happydays said: According to the Thai Bond Market Association there have been B47billion of foreign funds flowing into Thai bonds this year compared to about B160billion for the whole of 2017. This has led to the Baht appreciating by 1.75% year to date making it the strongest performing Asian currency. However if Thai inflation picks up or there’s an increase in US Treasury yields then we could see an outflow of foreign funds & subsequent weakening in the Baht. Do they indicate where these flows originate from? Link to comment Share on other sites More sharing options...
simoh1490 Posted January 12, 2018 Share Posted January 12, 2018 14 minutes ago, timendres said: Do they indicate where these flows originate from? Almost certainly from China, a useful explanation found here: https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us-treasury-bonds.asp Link to comment Share on other sites More sharing options...
Popular Post Spock Posted January 12, 2018 Popular Post Share Posted January 12, 2018 5 hours ago, timendres said: Not addressing 12DrinkMore's "point of view", but I would like to defend the comment as having some validity. I have dealt with more than one Farang here with quite a "supremacist" view towards Thai people. Frankly, it has shocked me. The Thais would say "Thai language removed" -> "He looks down on Thai people". Just as you look down on farangs who can't read Thai? 3 1 Link to comment Share on other sites More sharing options...
timendres Posted January 12, 2018 Share Posted January 12, 2018 1 minute ago, Spock said: Just as you look down on farangs who can't read Thai? Sensitive topic for you? Link to comment Share on other sites More sharing options...
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