snoop1130 Posted January 23, 2019 Share Posted January 23, 2019 Thai baht's strength in line with regional peers: central bank A Thailand Baht note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration BANGKOK (Reuters) - Strength in Thailand's baht is in line with regional currencies, as the dollar has weakened, the central bank said on Wednesday. With high external uncertainty, businesses should focus on managing currency risks and enhance productivity, Assistant Governor Chantavarn Sucharitakul said in a statement. The baht <THB=TH>, Asia's best performing currency, has appreciated about 2.6 percent against the dollar this year, hovering around its highest in more than eight months hit last week. Earlier on Wednesday, Supant Mongkolsuthree, chairman of the Federation of Thai Industries, said the central bank should not raise its policy rate further this year, as it would increase cost for businesses and make the baht even stronger, hitting already slower exports. Last month, the central bank hiked its benchmark rate for the first time in more than seven years, by 25 basis points to 1.75 percent. It will next review monetary policy on Feb. 6. -- © Copyright Reuters 2019-01-23 1 Link to comment Share on other sites More sharing options...
Popular Post fforest1 Posted January 23, 2019 Popular Post Share Posted January 23, 2019 What a sack of lies......Pull up ANY currency chart except Singapore in SE Asia...The Baht has been vastly stronger for many years... 9 Link to comment Share on other sites More sharing options...
jabis Posted January 23, 2019 Share Posted January 23, 2019 ???? Sure whatever you say Link to comment Share on other sites More sharing options...
DrTuner Posted January 23, 2019 Share Posted January 23, 2019 Good for the 1% that move their wealth into foreign investments. Link to comment Share on other sites More sharing options...
KhunBENQ Posted January 23, 2019 Share Posted January 23, 2019 2 hours ago, fforest1 said: Pull up ANY currency chart except Singapore in SE Asia Even the SGD has lost against the Baht during last month. 2 Link to comment Share on other sites More sharing options...
AtoZ Posted January 23, 2019 Share Posted January 23, 2019 2 hours ago, fforest1 said: What a sack of lies......Pull up ANY currency chart except Singapore in SE Asia...The Baht has been vastly stronger for many years... Imagine being a Thai billionaire who likes to live in Europe or other western country. Considering the corruption and common goal of other super 0.1% rich you can pull the strings. When you have billions every % makes for small fortune. 2 Link to comment Share on other sites More sharing options...
marcusarelus Posted January 23, 2019 Share Posted January 23, 2019 1 minute ago, AtoZ said: Imagine being a Thai billionaire who likes to live in Europe or other western country. Considering the corruption and common goal of other super 0.1% rich you can pull the strings. When you have billions every % makes for small fortune. I guess you were not here in 1997 as it totally contradicts your argument. Suggest reading a bit more before you post. Or a trip to Thailand might be an eye opener for you. Link to comment Share on other sites More sharing options...
racket Posted January 23, 2019 Share Posted January 23, 2019 A stronger bath will also make imports cheaper since Thailand heavily relies on foreign goods and services. 1 1 Link to comment Share on other sites More sharing options...
marcusarelus Posted January 23, 2019 Share Posted January 23, 2019 (edited) 14 minutes ago, racket said: A stronger bath will also make imports cheaper since Thailand heavily relies on foreign goods and services. You seem to know a lot about it. Does Thailand import more than it exports? http://www2.bot.or.th/statistics/BOTWEBSTAT.aspx?reportID=643&language=ENG Edited January 23, 2019 by marcusarelus Link to comment Share on other sites More sharing options...
JayBird Posted January 23, 2019 Share Posted January 23, 2019 I read the stronger Thai baht was making it harder to sell rubber overseas.Thai economy relies a lot on exports and tourism. Two things that do not benefit from a strong Baht.Sent from my ASUS_Z017DB using Thailand Forum - Thaivisa mobile app 1 Link to comment Share on other sites More sharing options...
Popular Post hansnl Posted January 24, 2019 Popular Post Share Posted January 24, 2019 10 hours ago, racket said: A stronger bath will also make imports cheaper since Thailand heavily relies on foreign goods and services. That might be so, but looking in the shops I see foreign products with hiked prices. 3 1 1 1 Link to comment Share on other sites More sharing options...
Farang99 Posted January 24, 2019 Share Posted January 24, 2019 https://www.x-rates.com/table/?from=THB&amount=1.00 10 years go the baht was 11/Ringgit. Now it is 7.6/MR a rise of 30% 1 Link to comment Share on other sites More sharing options...
fruitman Posted January 24, 2019 Share Posted January 24, 2019 Go ahead, kill the exports and tourism from the Western countries....you won't get that back easy when it hits the fan..... 2 Link to comment Share on other sites More sharing options...
natway09 Posted January 24, 2019 Share Posted January 24, 2019 The actual change in currency for Thai Bht from 31 January 06 to 11 Jan 19 is USD - 18.51 Euro - 22.68 UK - 41.04 Japan - 11.88 Aust - 22.46 Sing D - 2.1 Swiss F +6.15 Cheers 1 3 Link to comment Share on other sites More sharing options...
fforest1 Posted January 24, 2019 Share Posted January 24, 2019 2 minutes ago, natway09 said: The actual change in currency for Thai Bht from 31 January 06 to 11 Jan 19 is USD - 18.51 Euro - 22.68 UK - 41.04 Japan - 11.88 Aust - 22.46 Sing D - 2.1 Swiss F +6.15 Cheers The same goes for just about all other countries in the world too....The Baht has been incredibly strong.... Link to comment Share on other sites More sharing options...
zydeco Posted January 24, 2019 Share Posted January 24, 2019 If doing an extension based on monthly income and you're right on the edge, then you might want to reconsider and just go with the 800,000 option this year. BTW, the culprit as far as the dollar goes, is Weak Dollar Trump, who has been wanting to devalue the currency since he came into office. If he gets his way, the dollar will go below 30 and maybe to 29. It was there not that long ago. 1 1 Link to comment Share on other sites More sharing options...
roquefort Posted January 24, 2019 Share Posted January 24, 2019 On 1/23/2019 at 1:44 PM, KhunBENQ said: Even the SGD has lost against the Baht during last month. SGD has been going down against the baht for 3 years. Take a look at the chart. Link to comment Share on other sites More sharing options...
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