Baht drops slightly after central bank’s ‘warning shot’

[BestB]

7 minutes ago, marcusarelus said:

You can bring in 500,000 baht unregistered legally.  

Actually 600 000, but condo’.s cost little more. 

 

Still waiting to hear an answer 

[superal]

What does the future hold for the untouchable strong baht ?  Listening to top currency traders and others who are well informed , they do not all hold the same opinion . For the ordinary guy in the street , including myself , it is a mystery why the baht is so strong  . Google searching tells of huge foreign investments into Thailand as the country emerges from a 3rd world country with major infrastructure construction to make Thailand the hub of Asia trading .  Thailand's foreign reserves in various currencies are so much that the country can sustain its position if there was a global currency crisis and so it is seen as a safe bet for investment . Thai bankers are patting themselves on the back as they think they are top of the world but one analogy could be the tale of the robber who broke in a gold shop and filled his sack with valuables . On hearing people coming he tried to make his get away  but the sack was too heavy to lift and despite his best efforts to take the hoard he was caught red handed because of his greed .

Finally Thailand's commodities are not exactly unavailable in other countries e.g rice , rubber , sugar , tourism etc , so as their exports become more expensive will the Thai government make a subsidy to support the Thai farmers ? 

[Isaan sailor]

Bank of Thailand playing a dangerous game.  Nothing less than the future of tourism and exports at stake. For some unknown reason, they continue to encourage foreign hot money inflows.

Driving around in Isaan you will see some long overdue highway construction projects. One thing stands out—brand-spanking new Cat road graders and other heavy equipment.  Any correlation to a low USD?

[marcusarelus]

2 hours ago, BestB said:

Actually 600 000, but condo’.s cost little more. 

 

Still waiting to hear an answer 

The Chinese people I know make a number of trips and pay it off in a few years the same as we do.  What answer did you want to hear?

Edited July 14, 2019 by marcusarelus

[marcusarelus]

1 hour ago, superal said:

What does the future hold for the untouchable strong baht ?  Listening to top currency traders and others who are well informed , they do not all hold the same opinion . For the ordinary guy in the street , including myself , it is a mystery why the baht is so strong  . Google searching tells of huge foreign investments into Thailand as the country emerges from a 3rd world country with major infrastructure construction to make Thailand the hub of Asia trading .  Thailand's foreign reserves in various currencies are so much that the country can sustain its position if there was a global currency crisis and so it is seen as a safe bet for investment . Thai bankers are patting themselves on the back as they think they are top of the world but one analogy could be the tale of the robber who broke in a gold shop and filled his sack with valuables . On hearing people coming he tried to make his get away  but the sack was too heavy to lift and despite his best efforts to take the hoard he was caught red handed because of his greed .

Finally Thailand's commodities are not exactly unavailable in other countries e.g rice , rubber , sugar , tourism etc , so as their exports become more expensive will the Thai government make a subsidy to support the Thai farmers ? 

Thailand is a large exporter of autos and computer goods.  Computers – $18.3 billion Delivery Trucks – $9.87 billion Integrated Circuits – $9.82 billion Telephones – $6.02 billion Jewelry – $3.87 billion Integrated Circuits – $7.57 billion Vehicle Parts – $5.23 billion Broadcasting Equipment – $3.65 billion Computers – $3.57 billion Office Machine Parts – $2.67 billion

Read more at: https://commodity.com/thailand/
 

[superal]

2 hours ago, marcusarelus said:

Thailand is a large exporter of autos and computer goods.  Computers – $18.3 billion Delivery Trucks – $9.87 billion Integrated Circuits – $9.82 billion Telephones – $6.02 billion Jewelry – $3.87 billion Integrated Circuits – $7.57 billion Vehicle Parts – $5.23 billion Broadcasting Equipment – $3.65 billion Computers – $3.57 billion Office Machine Parts – $2.67 billion

Read more at: https://commodity.com/thailand/
 

No surprise there really as Thailand was very competitive , especially in the wage market . Now I hear there is to be a new minimum wage . At the moment there is low inflation in Thailand but the power baht may soon change that . Other Asia countries are  cheaper at car production and Toyota have announced a new auto factory to build the Hilux in Myanmar . They follow Ford , Suzuki & Nissan .  Not to say there will not be continued Thai Auto production but it appears that other Asian countries are imposing much higher import taxes on vehicles , much the same as Thailand . ( would have thought that there would be an agreement within the AEC ) 

BTW , most of your mentioned above have had a reduction in exports to now of 4.2% when they were expecting a positive increase in exports .

Just to throw in another ingredient , the Thai government is being pushed to accelerate negotiations for a new free trade agreement between Thailand and the European Union and others .This could isolate the UK from trading independently with Thailand if there was a no deal Brexit   

[whiteman]

the sky is falling run to the hills