Thb Up Again... But For Other Reasons

[cclub75]

Poor Miss Doctor Tarisa, boss of the BOT. She lost a little bit of her arrogance.

First she lost her friend, AKA the previous Finance Minister, and THB is up again !

But this time, if the THB is going up is not for the same reasons... than december. At least, it's what the BOT is saying.... Another U, X or Z-turn.

So, no uggly farangs speculators anymore ? Oh that's a pitty, another reality check.

Miss Tarisa is going to have... a hard landing. Back to earth. She could keep her seat, at least for some times (her "resignation" just after the "resignation" of the Minister would be another blow... to Thailand's image).

Anyway : we can open the bets parlor : when capital control will be totally scrapped by the new minister ? And how will react Tarisa ?

Trade, account surplus strengthen baht

(TNA) – The baht has strengthened for the time-being because the country's trade and current account balances remain in surplus, according to the Bank of Thailand.

BOT assistant governor Nittaya Pibulrattakit said the Thai currency had appreciated due to both trade and current account surpluses boosted by a continued increase in exports.

Also, the strengthening of the baht stemmed partly from the appreciation of the Japanese yen. She said the baht's appreciation in tandem with other regional currencies was not a matter of concern.

The baht closed its trading session on Tuesday at 35.29-35.32 to the US dollar, up from 35.35-35.40 to the dollar in last Friday's trading.

http://www.bangkokpost.com/breaking_news/b...s.php?id=117283

[srisatch]

Poor Miss Doctor Tarisa, boss of the BOT. She lost a little bit of her arrogance.

First she lost her friend, AKA the previous Finance Minister, and THB is up again !

But this time, if the THB is going up is not for the same reasons... than december. At least, it's what the BOT is saying.... Another U, X or Z-turn.

So, no uggly farangs speculators anymore ? Oh that's a pitty, another reality check.

Miss Tarisa is going to have... a hard landing. Back to earth. She could keep her seat, at least for some times (her "resignation" just after the "resignation" of the Minister would be another blow... to Thailand's image).

Anyway : we can open the bets parlor : when capital control will be totally scrapped by the new minister ? And how will react Tarisa ?

Trade, account surplus strengthen baht

(TNA) – The baht has strengthened for the time-being because the country's trade and current account balances remain in surplus, according to the Bank of Thailand.

BOT assistant governor Nittaya Pibulrattakit said the Thai currency had appreciated due to both trade and current account surpluses boosted by a continued increase in exports.

Also, the strengthening of the baht stemmed partly from the appreciation of the Japanese yen. She said the baht's appreciation in tandem with other regional currencies was not a matter of concern.

The baht closed its trading session on Tuesday at 35.29-35.32 to the US dollar, up from 35.35-35.40 to the dollar in last Friday's trading.

http://www.bangkokpost.com/breaking_news/b...s.php?id=117283

Q is will he lower interest rates as he advocated before?

Today Nationwide rate at 67.95 is BETTER than BKK Bank at 66.6. I don't remember that before!!

[Old Man River]

Poor Miss Doctor Tarisa, boss of the BOT. She lost a little bit of her arrogance.

First she lost her friend, AKA the previous Finance Minister, and THB is up again !

But this time, if the THB is going up is not for the same reasons... than december. At least, it's what the BOT is saying.... Another U, X or Z-turn.

So, no uggly farangs speculators anymore ? Oh that's a pitty, another reality check.

Miss Tarisa is going to have... a hard landing. Back to earth. She could keep her seat, at least for some times (her "resignation" just after the "resignation" of the Minister would be another blow... to Thailand's image).

Anyway : we can open the bets parlor : when capital control will be totally scrapped by the new minister ? And how will react Tarisa ?

Trade, account surplus strengthen baht

(TNA) – The baht has strengthened for the time-being because the country's trade and current account balances remain in surplus, according to the Bank of Thailand.

BOT assistant governor Nittaya Pibulrattakit said the Thai currency had appreciated due to both trade and current account surpluses boosted by a continued increase in exports.

Also, the strengthening of the baht stemmed partly from the appreciation of the Japanese yen. She said the baht's appreciation in tandem with other regional currencies was not a matter of concern.

The baht closed its trading session on Tuesday at 35.29-35.32 to the US dollar, up from 35.35-35.40 to the dollar in last Friday's trading.

http://www.bangkokpost.com/breaking_news/b...s.php?id=117283

Q is will he lower interest rates as he advocated before?

I think the main question is will he eliminate all forms of capital controls. If he does this, then I imagine it would be a wait and see situation, as interest rates may not have to be lowered if the combined (onshore and offshore) USD/THB exchange rates remain stable.

CClub, anyone who has talked to Tarisa face to face will tell you she is not and has never been arrogant.

[Gary A]

You can expect the baht to weaken substantially thanks to me. I wire transferred enough to live for a year or more because my Citibank ATM card is now TOO expensive to use here. The wire transfer costs a flat $30 regardless of the amount. For at least a year, I no longer have to look at the exchange rate and feel sick.

[eljeque]

How long can the difference in the onshore and offshore rate stay at 3 baht? That is nearly 10%

http://www.forexdirectory.net/thb.html 32.49 B / $

Bangkok Bank 35.4 B / $

Does anyone out there who is not simply speculating, believe that there are certain indivivduals in this country who are able to simply send Baht out electronically, exchange it overseas, and then send it back here and reap a healthy portion of that near 10%, minus the spread going both ways?