Will the Mighty Baht Topple

[Mavideol]

18 hours ago, Chivas said:

Baht continues to strengthen up to 32.35 now

Beggars belief it really does

and by doing so, keeping tourists away

[RupertBear]

last week the gbp.gained 1bht.today its back to 39.40 TT.rate scb.

[SwissCheeseMan]

On 4/23/2020 at 11:16 AM, Henryford said:

I am not surprised. Western currencies have fallen over recent years because of their massive money printing. That process will only accelerate now and strengthen the baht even more.

As people all over Thailand queue up for food donations. 

 

I think, as things get worse here, and they will, Thailand's economy will be exposed, and so will the baht.  

[Henryford]

Just now, SwissCheeseMan said:

As people all over Thailand queue up for food donations. 

 

I think, as things get worse here, and they will, Thailand's economy will be exposed, and so will the baht.  

The Thai people will suffer but not the baht.

[Chivas]

On 4/19/2020 at 10:01 AM, Chivas said:

If anything its getting stronger frankly. It had weakened out to 33.10 couple weeks ago but stronger now at 32.54

With $225 Billion of foreign currency reserves the Baht is going nowhere

Quoting myself from 10 days ago but yet again the Baht continues to defy logic at 32.41 at time of post

[andy72]

topple is perhaps the wring term

 

im just looking at a 10-15% correction

 

but no currency is really going down its kind of static 

but if the flights stay closed 

then perhaps 4-6 months without tourists and gov payouts will see a reduction
im not expecting a collapse 
like 14 years ago