Forza2002 Posted April 7, 2020 Share Posted April 7, 2020 Given the current state of the economy in Thailand it's hard t believe that the Thai Baht hasn't fallen than it's current level. I'm a Brit, and being offered less than 40 baht for a TT Transfer from BKK Bank is a joke. No doubt the fictitious daily confirmed CV-19 infections from the past few days is a tactic from the puppet masters to strengthen the Thai Baht. The illusion of a flat line/decline, mimicking what is unfolding in other Western counties.. TIT... 1 Link to comment Share on other sites More sharing options...
baansgr Posted April 7, 2020 Share Posted April 7, 2020 But the economies in retrospective countries have also suffered...FTSE is down 30% 1 Link to comment Share on other sites More sharing options...
Inn Between Posted April 7, 2020 Share Posted April 7, 2020 I'll second the logic that ALL economies are suffering the same basic slowdowns, so since everybody's in the same boat currency values wouldn't change much. 1 Link to comment Share on other sites More sharing options...
Denim Posted April 7, 2020 Share Posted April 7, 2020 The government has just announced another huge stimulus package. They plan to raise the money by getting banks to issue more bonds. Bonds previously issued have been snapped up ,mostly by Chinese investors . This hot money flowing into the country has contributed to keeping the baht strong. The baht is therefore not likely to decrease in value any time soon. This government is running up massive debts to China who in future will have Thailand completely in its pocket. 1 Link to comment Share on other sites More sharing options...
Puchaiyank Posted April 7, 2020 Share Posted April 7, 2020 Like most things in this country...the Thai baht's value is a figment of over-hype and imagination... Restarting the economy may be a difficult and slow process... Link to comment Share on other sites More sharing options...
ThailandRyan Posted April 7, 2020 Share Posted April 7, 2020 USD is still up almost 3 baht per dollar since the start of the year....I can not complain right now, just wish it would go higher, but then that is wishful thinking on my part.... Link to comment Share on other sites More sharing options...
Shocked Posted April 7, 2020 Share Posted April 7, 2020 The Thai baht has been controlled by the Thai government for years. Just like China does. It's a rigged system. Link to comment Share on other sites More sharing options...
Pilotman Posted April 7, 2020 Share Posted April 7, 2020 (edited) For we UK people, the issue is as much the dramatically low UK interest rates and the very weak Pound, as it is the continuing strength of the Baht . Do not expect any dramatic increase in the Baht to Pound rate, it just isn't going to happen until UK interest rates are increased beyond 1% and that could be, probably is, a good few years away, if ever. Edited April 7, 2020 by Pilotman Link to comment Share on other sites More sharing options...
treetops Posted April 8, 2020 Share Posted April 8, 2020 18 hours ago, Forza2002 said: No doubt the fictitious daily confirmed CV-19 infections from the past few days is a tactic from the puppet masters to strengthen the Thai Baht. The illusion of a flat line/decline, mimicking what is unfolding in other Western counties.. TIT... The figures almost trebled yesterday. Do you think the government read your post and realised they've been rumbled? ???? 1 Link to comment Share on other sites More sharing options...
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