Popular Post rodknock Posted April 23, 2020 Popular Post Share Posted April 23, 2020 why is the baht getting so strong again?? 1 1 2 Link to comment Share on other sites More sharing options...
tomazbodner Posted April 23, 2020 Share Posted April 23, 2020 Compared to what? 2 Link to comment Share on other sites More sharing options...
Popular Post 19DL86 Posted April 23, 2020 Popular Post Share Posted April 23, 2020 Now there's an interesting thought and a subject that's yet to be discussed on TVF. 1 8 Link to comment Share on other sites More sharing options...
Moonlover Posted April 23, 2020 Share Posted April 23, 2020 I see a falling Pound which makes the Baht look stronger! 1 Link to comment Share on other sites More sharing options...
daveAustin Posted April 23, 2020 Share Posted April 23, 2020 50 minutes ago, tomazbodner said: Compared to what? Everything by the looks. Makes the country look good and strong, as does low COVID figures. Sorry, couldn't help it. 2 2 Link to comment Share on other sites More sharing options...
Binger Posted April 24, 2020 Share Posted April 24, 2020 Still 40 to the pound on transfer wise ???? Link to comment Share on other sites More sharing options...
Dario Posted April 24, 2020 Share Posted April 24, 2020 Also the EURO took again a hard hit, it's going back down to 33 Baht something. Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted April 24, 2020 Popular Post Share Posted April 24, 2020 THB to USD today is 32.45, on the 1st when I transferred money in from mu US Bank I picked up 33.10 THB per Dollar. So its down .65 Baht per USD in 23 days. 4 1 Link to comment Share on other sites More sharing options...
Popular Post Guderian Posted April 24, 2020 Popular Post Share Posted April 24, 2020 Might be something to do with the trillions of dollars/pounds/euros that the west is spending on propping up its populace and economy, something the Thai government has only done quarter-heartedly at most. It might seem like silly financial shenanigans at the moment, but one day all that extra spending will have to be accounted for, and generally speaking it won't be good for the home currencies. We're a long way from that accounting yet, and the extra support may mean that western economies will bounce back faster and better than the Thai one. I'd like to say here that I wouldn't bet on it, but the sad fact is that most of us are going to become quite a bit poorer in future as our governments try to inflate away their colossal C19 debts, cut spending and raise taxes. 13 Link to comment Share on other sites More sharing options...
Popular Post soalbundy Posted April 24, 2020 Popular Post Share Posted April 24, 2020 The west has been harder hit by covid-19 than Thailand, the economies of the west are also larger than the Thai economy so to use fiscal stimulus they have to make huge amounts of debt far greater than Thailand ever will have to, this on top of many economies already with debt over and above 100% of GDP (Japan 237%, UK 85% America 106% Italy 134% Greece 174% and so on) Thailands debt to GDP is 44%, very low with large foreign currency reserves so they are in a healthy state at the moment. Having said that the debt of the west will come home to bite as that means fewer tourists from those countries and less consumer demand for Thai products but Thailand will ride high for a few more years. 3 Link to comment Share on other sites More sharing options...
sammieuk1 Posted April 24, 2020 Share Posted April 24, 2020 It's a unexplained far east mystery to me said the amuture F/X trader???? 1 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted April 24, 2020 Share Posted April 24, 2020 My best guess: China devalued the Yuan, which is pegged to the USD. Then other western currencies nosedived, since they have relative values. And Thai Baht is free-floating—so it rose... Link to comment Share on other sites More sharing options...
Stevemercer Posted April 24, 2020 Share Posted April 24, 2020 The South Korean stock market is soaring, they never closed down their economy (yet are also down to 10 cases per day), but the Won is still down 10%. The Thai stimulus package is funded through debt and the government has been spending like there is no tomorrow. It seems whatever happens, Thailand and the Baht will come up smelling like roses! 1 1 Link to comment Share on other sites More sharing options...
Popular Post Deez Posted April 24, 2020 Popular Post Share Posted April 24, 2020 Because Thailand is not spending (printing) money to help its people like other countries 3 Link to comment Share on other sites More sharing options...
Popular Post zippysteve Posted April 24, 2020 Popular Post Share Posted April 24, 2020 2 hours ago, ThailandRyan said: THB to USD today is 32.45, on the 1st when I transferred money in from mu US Bank I picked up 33.10 THB per Dollar. So its down .65 Baht per USD in 23 days. I’ve been monitoring the USD since it started improving in January and there’s not really any change it’s been between 32 and 33 baht to the dollar and holding pretty well. 3 Link to comment Share on other sites More sharing options...
Popular Post Peter Denis Posted April 24, 2020 Popular Post Share Posted April 24, 2020 After a steady rise during month of March, with 1 Euro = 36,24 THB on 28 March, the Euro is sliding down against the bath and presently at 34,93 THB. That's an almost 4% loss in 4 weeks. 3 Link to comment Share on other sites More sharing options...
Popular Post cosmosis Posted April 24, 2020 Popular Post Share Posted April 24, 2020 (edited) Hi... Simple, the Baht is very closely tied to the US Dollar, so when the dollar other currency (Eg. GBP or Euro) strengthens ie Pound or Euro drops against the US Dollar - recently GBP £1 was $1.25 now down to $1.23 the Baht went from 41 to £1, to today's 39.8 Baht to £1... Hope this helps Edited April 24, 2020 by cosmosis Politenesss/ More precise explanation 1 3 Link to comment Share on other sites More sharing options...
Popular Post zippysteve Posted April 24, 2020 Popular Post Share Posted April 24, 2020 The dollar is getting stronger against the baht so that effects the Euro and it’s expected to continue into the next year. 3 1 Link to comment Share on other sites More sharing options...
Brickbat Posted April 24, 2020 Share Posted April 24, 2020 Simple! Overseas assets cheap as in this current dump. And the boys are buying up big time. To hell with exports and tourism. Let’s strengthen our Balance Sheets, khrap Khun Khrap . Link to comment Share on other sites More sharing options...
ujayujay Posted April 24, 2020 Share Posted April 24, 2020 Maybe, because economy worldwide is weak...... Link to comment Share on other sites More sharing options...
ujayujay Posted April 24, 2020 Share Posted April 24, 2020 4 hours ago, Dario said: Also the EURO took again a hard hit, it's going back down to 33 Baht something. No, its still on 34,5.... Link to comment Share on other sites More sharing options...
wolf81 Posted April 24, 2020 Share Posted April 24, 2020 (edited) Well, the Eurozone economy is a mess. Soon Northern Eurozone countries will need to bail out Southern Eurozone countries like Italy. It's gonna happen, no matter what a politician in a Northern Eurozone country is gonna say, since France and Germany already agreed on the matter. This means that northern Eurozone countries will lose a lot of wealth to pay off depts that southern Eurozone countries can't manage. I am sure that is partially a reason for a weaker Euro. If I were an investor in currencies, I would get out of the Euro and into e.g. US dollar. Dutch readers can check this video: Deutsche Bank might also need a bailout in the near future (which might be the reason why Merkel is now in favour of Eurobonds, as in the past she opposed it), international readers can check this video: Edited April 24, 2020 by wolf81 Link to comment Share on other sites More sharing options...
bert bloggs Posted April 24, 2020 Share Posted April 24, 2020 before covid ,i hoped that after Brexit the pound might go to 44 to the pound ,now i fear that was but a dream. 1 Link to comment Share on other sites More sharing options...
OneeyedJohn Posted April 24, 2020 Share Posted April 24, 2020 6 minutes ago, bert bloggs said: the pound might go to 44 to the pound Yeah, that might be tricky. 2 Link to comment Share on other sites More sharing options...
Isaan sailor Posted April 24, 2020 Share Posted April 24, 2020 For the USD/Baht, today it sits @ 32.45. That’s slightly above the 10-year average. 1 Link to comment Share on other sites More sharing options...
AAArdvark Posted April 24, 2020 Share Posted April 24, 2020 It is because Covid 19 problems are nearly solved in Thailand and everything will be back to normal and day now. ???? 1 Link to comment Share on other sites More sharing options...
Matzzon Posted April 24, 2020 Share Posted April 24, 2020 On 4/23/2020 at 11:31 AM, rodknock said: why is the baht getting so strong again?? Not a clue. Been wondering the same for 5 years now. Link to comment Share on other sites More sharing options...
drguid Posted April 24, 2020 Share Posted April 24, 2020 The Eurozone can't agree on a bailout. The UK chancellor is giving away millions to anyone who complains. Markets haven't yet priced in that it's going to be incredibly hard to restart global travel, so the Baht is riding high for now. Also it will take a few more weeks at least for countries without bailouts to start disintegrating... Link to comment Share on other sites More sharing options...
Max69xl Posted April 24, 2020 Share Posted April 24, 2020 On 4/23/2020 at 4:37 PM, tomazbodner said: Compared to what? To almost every currency. Link to comment Share on other sites More sharing options...
LALes Posted April 24, 2020 Share Posted April 24, 2020 US printing several trillion dollars has definitely weakened the dollar against the baht. Don't forget, most of that money doesn't go to people, it goes to banks-who invest in foreign assets with all their free money. 1 Link to comment Share on other sites More sharing options...
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