Baht’s strength to continue: KTB specialist

By The Nation

 

 

Monday’s strong baht showing to rise Bt30.66  from Bt30.67 per US dollar on Friday, Krung Thai Bank's chief markets strategist Jitipol Puksamatanan said on Monday.

 

The baht has signed to continue its strength following capital inflow rising, although the resumption of US-China trade talks also points to a relaxing.

 

“We forecast the baht ranks between Bt30.60 and Bt30.70 per US dollar on Monday and will trade between Bt30.40 and Bt31.90 per US dollar in this week," he said.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30372037

 

-- © Copyright The Nation 2019-07-01

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Gold, silver, bitcoin, real estate, Thai baht, US dollars, guns, ammo. bring it on.

Not another gloom and doom topic on Thaivisa, We all know the exchange rates are not in our favour and we don't need reminding everyday that it isn't.

There is nothing we can do about the strength of the BAHT let's  move on to other more interesting topics.

3 hours ago, webfact said:

will trade between Bt30.40 and Bt31.90 per US dollar in this week

That's in class with weather forcasts along the lines of "might rain and might not"...

Man that's saying nothing.

4 hours ago, nev said:

Not another gloom and doom topic on Thaivisa, We all know the exchange rates are not in our favour and we don't need reminding everyday that it isn't.

There is nothing we can do about the strength of the BAHT let's  move on to other more interesting topics.

I don't know.  In another thread I said the pound had been going down against the baht for 20 years and I started a giant argument.  https://walletinvestor.com/forex-forecast/gbp-thb-prediction

OK, we’re painfully aware of these foreign inflows that have devastated our currencies.  Now tell us WHO it or they are.

i can make an educated guess...

A general flame has been removed

The losers in this manipulation are the Thai workers who will lose their jobs or their small businesses.
Back to normal, the Baht is totally overestimated!

Thailand to become a paradise for importers! 

This is results of cheap dollar and other currencies! 

Edited July 1, 20197 yr by mehrdad

1 minute ago, mehrdad said:

Thailand to become a paradise for importers! 

This is results of cheap dollar and other currencies! 

Right! The only problem is that Thailand is an exporting nation!

6 hours ago, webfact said:

will trade between Bt30.40 and Bt31.90 per US dollar in this week

That's a huge gap - I don't believe it.

3 hours ago, marcusarelus said:

I don't know.  In another thread I said the pound had been going down against the baht for 20 years and I started a giant argument.  https://walletinvestor.com/forex-forecast/gbp-thb-prediction

well we can certainly tell when 23/6/2016 was.. it looks like the downhill section at innsbruck since then. thanks brexiters.  all us brits will be ki nok and the ones asking our thai missus's for sinsod at this rate.

7 hours ago, nev said:

Not another gloom and doom topic on Thaivisa, We all know the exchange rates are not in our favour and we don't need reminding everyday that it isn't.

There is nothing we can do about the strength of the BAHT let's  move on to other more interesting topics.

Not gloom and doom for those of us who transfered wealth to thai banks many years ago. Of course the Tv financial gurus saying " never put even $1 into a thai 3rd world bank"  did not do to well. 

 

many more years of the baht destroying most foreign currency still to come..bring it on ????

8 minutes ago, mvsaraburi said:

well we can certainly tell when 23/6/2016 was.. it looks like the downhill section at innsbruck since then. thanks brexiters.  all us brits will be ki nok and the ones asking our thai missus's for sinsod at this rate.

This is about the Bahts strength  , which is nothing to do with the UK

2 hours ago, Isaan sailor said:

OK, we’re painfully aware of these foreign inflows that have devastated our currencies.  Now tell us WHO it or they are.

i can make an educated guess...

China is buying up all the government bonds

1 hour ago, 30la said:

Right! The only problem is that Thailand is an exporting nation!

Tourism will surely drop if this continues and a lot of the economy is dependent on a steady floe of tourist.

It wasnt so long a go they were predicating the crash of the dollar. But its the pound thats getting pounded and the pounding is done. 

13 hours ago, 30la said:

Right! The only problem is that Thailand is an exporting nation!

The biggest export soon will be the freelancers going overseas as tourism flops !

6 hours ago, inThailand said:

It wasnt so long a go they were predicating the crash of the dollar. But its the pound thats getting pounded and the pounding is done. 

Krone/Aussie dollar/Nz dollar all far worse with 30%+ losses in the past 4 years.

Euro not much better from 50 to 34 in 6 years.

 

When someone picks the pound out of a bunch of failing western currencies to slam I always think 'remainer'.

Because it's a political statement they're making.

Pound is down 4% against the USD in the past year, 1% down on the Euro, not that much of a difference IMHO.

Edited July 2, 20197 yr by BritManToo

16 hours ago, Isaan sailor said:

OK, we’re painfully aware of these foreign inflows that have devastated our currencies.  Now tell us WHO it or they are.

i can make an educated guess...

One certain culprit since end of May has been foreign investors. Huge purchases by global tracker funds after MSCI increased Thailands weighting in various indices in May.

 

 

 

17 hours ago, 30la said:

The losers in this manipulation are the Thai workers who will lose their jobs or their small businesses.
Back to normal, the Baht is totally overestimated!

i  am leaving in nong chock bangkok aera tell you a huge development of housing is coming up here more then 1000 houses value 3 to 5 millions thai baht are built now in fact all the aera is in developement even BTS is coming here who are those thais who can afford average 3 milions baht for a house and of course families have a least two cars  and not old cars brand new one

17 hours ago, 30la said:

The losers in this manipulation are the Thai workers who will lose their jobs or their small businesses.
Back to normal, the Baht is totally overestimated!

Bingo, my Thai brother in law has recently had his overtime stopped, reason being cancelled EXPORT orders.

On 7/1/2019 at 12:52 PM, mvsaraburi said:

well we can certainly tell when 23/6/2016 was.. it looks like the downhill section at innsbruck since then. thanks brexiters.  all us brits will be ki nok and the ones asking our thai missus's for sinsod at this rate.

                                  Entirely without prejudice 

 

It has nothing to do with Brexiteers, It has everything to do with Powerful Remainers. Ask the Bank of England it was knocking the pound down the second the vote was in and for no reason other than punishment for voting the right way.

Those same powerful remainers are continuing to hold up and screw up Brexit thereby denying democracy.

 

You think you have it bad! Try living in this god forsaken country where food prices have deliberately gone through the roof, council tax is another mortgage, and we are having our ass taxed off us at every turn on top of which having worked hard for 47 long years saved all we could after tax in order to try to enjoy a few luxuries in retirement but instead now having to spend those savings to support a disgracefully low pension because the said savings attract 0% interest.

Do yourself a favour come back for a month and see just how far your money will go, and then just maybe you will stop bitching about something you appear to know very little about.

And that goes for the rest of the Oh woe is me brigade

 

Yes 38 baht is a far cry from 55 just a short time ago and it is making life difficult, but brexiteers did not cause it. Currency manipulation by the banks is doing it. Why is the baht so strong and the £ so weak? It is because it is politically expedient to carry out an illegal action and ignore it’s illegality.

 

Why is the Australian dollar, and many other currencies so weak? Is that also because of Brexit? Or does it have something to do with bankers and politics???

Come on I know the coffee is total c—-p in Thailand but if you wake up and sniff hard enough some of you might just smell it

The losers in this manipulation are the Thai workers who will lose their jobs or their small businesses.
Back to normal, the Baht is totally overestimated!

Overestimated? By whom?


Sent from my iPhone using Thailand Forum - Thaivisa mobile app

rubbish, thailand is flat on its back,if it does not change there will be civil unrest,no jobs,no money

On 7/5/2019 at 12:52 PM, Sealbash said:

Overestimated? By whom?


Sent from my iPhone using Thailand Forum - Thaivisa mobile app

By every reported piece in the English language newspapers in Thailand,ministry of commerce , bank of thailand   etc.

On 7/5/2019 at 12:36 PM, Janner1 said:

                                  Entirely without prejudice 

 

It has nothing to do with Brexiteers, It has everything to do with Powerful Remainers. Ask the Bank of England it was knocking the pound down the second the vote was in and for no reason other than punishment for voting the right way.

Those same powerful remainers are continuing to hold up and screw up Brexit thereby denying democracy.

 

You think you have it bad! Try living in this god forsaken country where food prices have deliberately gone through the roof, council tax is another mortgage, and we are having our ass taxed off us at every turn on top of which having worked hard for 47 long years saved all we could after tax in order to try to enjoy a few luxuries in retirement but instead now having to spend those savings to support a disgracefully low pension because the said savings attract 0% interest.

Do yourself a favour come back for a month and see just how far your money will go, and then just maybe you will stop bitching about something you appear to know very little about.

And that goes for the rest of the Oh woe is me brigade

 

Yes 38 baht is a far cry from 55 just a short time ago and it is making life difficult, but brexiteers did not cause it. Currency manipulation by the banks is doing it. Why is the baht so strong and the £ so weak? It is because it is politically expedient to carry out an illegal action and ignore it’s illegality.

 

Why is the Australian dollar, and many other currencies so weak? Is that also because of Brexit? Or does it have something to do with bankers and politics???

Come on I know the coffee is total c—-p in Thailand but if you wake up and sniff hard enough some of you might just smell it

GDP plus foreign reserves are high ,along with Japan makes it one of two strongest currencies in Asia,along with stable political govt.  cough ,cough    the way the Bangkok Post is stirring the pot,that will not last long

6 minutes ago, oxysong said:

rubbish, thailand is flat on its back,if it does not change there will be civil unrest,no jobs,no money

Read a bit and come back with some facts.  https://tradingeconomics.com/thailand/foreign-direct-investment

 

In the 2019 World Bank Group report, Thailand garnered a score of 78.45 out of 100 in the ease of doing business. It is ranked 27 out of 190 economies and second among its ASEAN neighbors, after Malaysia. Thailand is an upper-middle income country.  

 

https://www.aseanbriefing.com/news/2019/02/07/thailands-investment-outlook-for-2019.html

We forecast the baht ranks between Bt30.60 and Bt30.70 per US dollar on Monday and will trade between Bt30.40 and Bt31.90 per US dollar in this week," he said.

 

A bit like saying there is a 60% chance of rain this week. What can one even say?