Thai Baht dropping

[whiteman]

Ok guys and gals with Thailand's tourist business under real threat from this Virus.  How long do you think it will be b4 it starts dropping. And to what levels and what time zone?

 

[CharlieH]

Troll/off topic remarks removed.

 

[KhunBENQ]

Depends on what percentage means dropping for you.

Nice little jump for Euro and Dollar this morning.

You can only hope it continues.

Don't overestimate the influence of tourist business!

 

[RichardColeman]

2 hours ago, whiteman said:

with Thailand's tourist business under real threat from this Virus

You obviously didn't get the 10% increase memo

[mshs]

Adapt to a strengthening B or fantasize about droppings and time zones or frames.

 

Baht strength continues until

1) the auto-plant restart (floods of 2011) subsidies exist and

2) JPY rates remain at -0.1% with the THB rates at 1.25% and NZD rates at 1%

[tjo o tjim]

For 2020, I think we will keep a floor of 30.0-30.1 and a ceiling of 31.5 for the USD, barring some really bad additional developments with the broader economy.  Essentially stabilization.  To get back in the 35 neighborhood would require pretty significant turmoil in Thailand and likely stagnation in China.

[007cableguy]

Pound creeping up!

[Beggar]

A perhaps frustrating situation for farang tourists. Now the Baht drops and at the same time it is dangerous to travel to Thailand. But perhaps a good occasion for us expats to add some money to our Thai Baht accounts. 

[whiteman]

Beggar  The Bahht has not dropped enough as yet give it 2 more week to see the real costs to Thailand start to appear.

[30la]

As far as I can see, it has already started to fall, I think it will stop at 42 Baht for US $!

[Laza 45]

Well.. the Bt is dropping against the $US at the moment.. but quite a few factors besides the virus causing the drop.. how far will it go?.. good question..  as they say 'how long is a piece of string'...

 

[dougiemac52]

On 1/27/2020 at 12:54 AM, CharlieH said:

Troll/off topic remarks removed.

 

Incredible just yesterday the Thai leader said it was 100% under control and there was only 6 people suffering I think. Maybe he meant 100% increase per day ????

[kwak250]

The Thai baht is so sttong that i have come to believe that even when the country suffers with disasters the baht just keeps on getting stronger.

I have watched the gbp go from 75 to 38 baht and don't think a Chinese virus will alter it.

Probably make the baht even stronger.

[Mac98]

The Chinese are not going to announce tomorrow that the virus has been contained. It would take weeks to be sure even if was contained tomorrow. Visits to Thailand will continue at a slower pace and worries will continue. Investors don't like uncertainty. Barring an exploding contagion, look for a slow slide, not a plunge, to 32.5 by March 1, then reassess the situation. Look for a slow recovery in tourist numbers, especially with high season winding down. Aside: Remove the bras for songkran and let the party begin!

[shackleton]

Will wait until after the 31st January 2020

Then see how the pound sterling reacts to Brexit

Not holding my breath but hoping

For the best on a rise against the Baht on the exchange rate 

[kevin612]

I am glad the baht drops daily, please keep dropping until 32.

[runamok27]

3 hours ago, kwak250 said:

The Thai baht is so sttong that i have come to believe that even when the country suffers with disasters the baht just keeps on getting stronger.

I have watched the gbp go from 75 to 38 baht and don't think a Chinese virus will alter it.

Probably make the baht even stronger.

I think all of this has more to do with all of the currency weakness everywhere courtesy of the central banks. The GBP got hammered the most because brexit was added onto devalued currency. The Thai's need to devalue their currency too or their economy will keep going downhill. 

[mfd101]

AUD already rising in expectation that RBA will not further reduce interest rates next Tuesday, in which case AUD will rise further against THB.

[WebGuy]

Not sure about thb but bitcoin is in raise.

[Skeptic7]

Yes...THB is weakening as an overreaction to the virus. A welcome overreaction indeed, but still an overreaction IMO. I've taken advantage of the recent "pop" of the USD against the THB these past couple days, as not expecting it to last overly long, but hoping THB keeps on falling. If so, will exchange more of my stash of USD. 

[LALes]

Baht hit 31 earlier today.  This is all because of the virus.  We hung around 30 for months and one virus scare has us at 31 in a matter of a few days.  This is serious biz for Thailand.  I was in Central World last night and it was EMPTY!!  (for a BKK mall).  I expect this trend will continue-no tourists and a nervous bunch of technocrats finally getting off their collective asses and doing what has been long overdue.  Next stop-32.

[Tony125]

7 minutes ago, LALes said:

Baht hit 31 earlier today.  This is all because of the virus.  We hung around 30 for months and one virus scare has us at 31 in a matter of a few days.  This is serious biz for Thailand.  I was in Central World last night and it was EMPTY!!  (for a BKK mall).  I expect this trend will continue-no tourists and a nervous bunch of technocrats finally getting off their collective asses and doing what has been long overdue.  Next stop-32.

As of 10AM Wensday morning 1/29/20  

USDTHB

US Dollar/Thai Baht FX Spot Rate

30.92▲

+0.11+0.36%

[mshs]

17 hours ago, shackleton said:

Will wait until after the 31st January 2020

Then see how the pound sterling reacts to Brexit

Not holding my breath but hoping

For the best on a rise against the Baht on the exchange rate 

Time to wake up olde chap.  The current rate was baked into the EU withdrawal with the last UK election predictions, over a month ago.  

[jonwilly]

18 hours ago, kwak250 said:

I have watched the gbp go from 75 to 38 baht and don't think a Chinese virus will alter it.

Probably make the baht even stronger

Agree, Baht was 76 to the pound when I came since then DOWN.

The Thais took advice following the Asian Financial Crisis and the baht has been on the up & up.

 

John 

[earlinclaifornia]

20 hours ago, kevin612 said:

I am glad the baht drops daily, please keep dropping until 32.

31.07 7:42

[Chivas]

1 minute ago, earlinclaifornia said:

31.07 7:42

The 9th day in a row that the Baht has been weakening against the benchmark USD

[hello55060]

40.7 to the pound . 31.27 to the dollar after some big gains this morning 

 

[BritManToo]

8 hours ago, jonwilly said:

Agree, Baht was 76 to the pound when I came since then DOWN.

The Thais took advice following the Asian Financial Crisis and the baht has been on the up & up.

 

John 

If you'd come a bit earlier it would have been 35bht to the pound.

[Henryford]

9 hours ago, mshs said:

Time to wake up olde chap.  The current rate was baked into the EU withdrawal with the last UK election predictions, over a month ago.  

Really, the Pound is shooting up, 40.7 today. 50 at 23.01 tomorrow.

[bkk6060]

Sad really, some of us will make money off panic and people dieing..