Baht expected to remain under pressure this week

[simoh1490]

1 minute ago, zzaa09 said:

Not if one makes and spends Baht, less the dependence on a false and phony-baloney foreign currency exchange rate. 

Thailand is a net importer of oil that it pays for in USD, earning Baht is therefore no hedge at all.

[Huayrat]

Not a chance.. The figures are all fixed..

[NCC1701A]

 TV members need to learn about the 1997 financial crisis when George Soros crashed the Bank of Thailand.

 

After that, the BOT followed the safeguards put in place by the world bank. That is one of the reasons the Baht is so strong. They got their act together.

 

And the Thais swore they would never let a farang screw them over again.

 

(and they sent their daughters after us to get their money back)

 

So as much as you want to dream about the baht "correcting" 20 or 30 percent it is not going to happen unless there is a civil war.

 

 

 

 

[CALSinCM]

8 hours ago, Lacessit said:

Eh? If I'm bringing in foreign currency, I'll get more baht for my buck. The oil price is a minor fraction of my expenditure here. Hit me again, please.

With a car that gets 55 miles per gallon and a bike that gets 110 mpg, gas prices don't worry me much.  (Yes, I did the conversion for liters per kilometer).

[Hoppyone]

8 hours ago, mfd101 said:

Oh goodie, let's bring in lots of our homeland currencies to change, thereby driving up the Baht again ...

Why not

 

8 hours ago, mfd101 said:

Oh goodie, let's bring in lots of our homeland currencies to change, thereby driving up the Baht again ...

 

[AtoZ]

11 hours ago, marcusarelus said:

  Sure we do.

Showing how little you know?

 

Brazil has double of that, how is R$ doing?

 

Argentina has 1/4 = not little at all... how is the peso doing?

 

Turkey has half = not little at all... how is lira doing?

 

and let's not forget the "source" is under article 44, defamation, computer crime act, and what else control

[marcusarelus]

8 minutes ago, AtoZ said:

Showing how little you know?

 

Brazil has double of that, how is R$ doing?

 

Argentina has 1/4 = not little at all... how is the peso doing?

 

Turkey has half = not little at all... how is lira doing?

 

and let's not forget the "source" is under article 44, defamation, computer crime act, and what else control

Did you figure the Brazil per capita?  Plus it's not really the same situation.  There are many historical reasons to consider Thailand's foreign reserves.  I can't discuss 44.  

[JimmyJ]

7 hours ago, CALSinCM said:

With a car that gets 55 miles per gallon and a bike that gets 110 mpg, gas prices don't worry me much.  (Yes, I did the conversion for liters per kilometer).

 

What car is that?

 

For that matter, what bike?

Although I don't know what bikes get these days and what is standard but that sounds huge.

 

Well done at any rate for keeping your fuel costs super low.

[stanleycoin]

7 hours ago, NCC1701A said:

 

And the Thais swore they would never let a farang screw them over again.

 

(and they sent their daughters after us to get their money back)

 

+ 1  

[MaxYakov]

If the baht is going to weaken I hope it gets with the program soon. Every baht down against the USD costs me 1,800/month.