Popular Post webfact Posted July 23, 2020 Popular Post Share Posted July 23, 2020 Thailand has not intervened in baht for trade advantage - central bank FILE PHOTO: New baht banknotes featuring Thailand's King Maha Vajiralongkorn are unveiled during a news conference at Bank of Thailand headquarters in Bangkok, Thailand, July 3, 2018. REUTERS/Athit Perawongmetha BANGKOK (Reuters) - Thailand has not intervened in the baht <THB=TH> for any competitive trade advantage and its foreign exchange transactions have been in line with rapid capital movements, the central bank said on Thursday. The comments came after a media report that Thailand could be added to a U.S. watch list for currency manipulation. The baht <THB=TH> has been moving both ways, the central bank said in a statement. (Reporting by Orathai Sriring; Editing by Ed Davies) -- © Copyright Reuters 2020-07-23 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 6 Link to comment Share on other sites More sharing options...
robblok Posted July 23, 2020 Share Posted July 23, 2020 So the US is saying that now that the THB is lower its because of government manipulations. That is great (not) as Thailand now certainly will not lower the THB as it would worry about the USA. If anything the THB is still high compared with before. Not sure why the US would think they are manipulating it downwards. 2 Link to comment Share on other sites More sharing options...
mohinga Posted July 23, 2020 Share Posted July 23, 2020 I'm in Malaysia, and have no idea when I might be able to enter Thailand again... cuz covid. This is the first for me regarding the new banknotes. I have some of the old ones and am wondering how long they will remain valid. Any hints from the powers on high? Link to comment Share on other sites More sharing options...
nausea Posted July 23, 2020 Share Posted July 23, 2020 I'm confused. Link to comment Share on other sites More sharing options...
timendres Posted July 23, 2020 Share Posted July 23, 2020 10 minutes ago, mohinga said: I'm in Malaysia, and have no idea when I might be able to enter Thailand again... cuz covid. This is the first for me regarding the new banknotes. I have some of the old ones and am wondering how long they will remain valid. Any hints from the powers on high? Those notes will be valid for a long time. No worries. 1 Link to comment Share on other sites More sharing options...
RichardColeman Posted July 23, 2020 Share Posted July 23, 2020 1 hour ago, webfact said: The baht <THB=TH> has been moving both ways, the central bank said in a statement. I could be wrong, but I think that applies to every currency on the planet. Though against my £ it's mostly one way traffic most of the time 1 Link to comment Share on other sites More sharing options...
mohinga Posted July 23, 2020 Share Posted July 23, 2020 (edited) . Edited July 23, 2020 by mohinga quoted wrong post Link to comment Share on other sites More sharing options...
Susco Posted July 23, 2020 Share Posted July 23, 2020 (edited) 2 hours ago, robblok said: So the US is saying that now that the THB is lower its because of government manipulations. That is great (not) as Thailand now certainly will not lower the THB as it would worry about the USA. If anything the THB is still high compared with before. Not sure why the US would think they are manipulating it downwards. So you think that US report, which actually was known already to the Thai government 2 weeks ago, is based on what happened last week in the currency market? I recall you always claim to be knowledgeable about how currency markets work Edited July 23, 2020 by Susco Link to comment Share on other sites More sharing options...
vivananahuahin Posted July 23, 2020 Share Posted July 23, 2020 Now coming the big business,in december buy and now sale,the big sales are beginning,it was writed in the sky. Link to comment Share on other sites More sharing options...
hotchilli Posted July 23, 2020 Share Posted July 23, 2020 5 hours ago, webfact said: The baht <THB=TH> has been moving both ways, the central bank said in a statement. A bit like the foxtrot... you know how that goes ! Link to comment Share on other sites More sharing options...
robblok Posted July 23, 2020 Share Posted July 23, 2020 3 hours ago, Susco said: So you think that US report, which actually was known already to the Thai government 2 weeks ago, is based on what happened last week in the currency market? I recall you always claim to be knowledgeable about how currency markets work Where do i say what happened last week in the currency market ? Not sure where you got that from in my post. My point is that Thai baht has been high for quite some time and now its a bit lower. But to say that the government is actively manipulating the currency is crazy. They did some interest rate cuts (quite normal). But its not as if the baht is really low right now. If anything its still high compared with years before. Link to comment Share on other sites More sharing options...
Matzzon Posted July 23, 2020 Share Posted July 23, 2020 8 hours ago, webfact said: The baht <THB=TH> has been moving both ways, the central bank said in a statement. Yes, but more up than it should have done. I am definitely calling bull on that one! Link to comment Share on other sites More sharing options...
Redline Posted July 23, 2020 Share Posted July 23, 2020 Either way, he is responding to the article that said Thailand now meets the three criteria of a currency manipulator. The USA government has said nothing about it, and probably won’t. But, they do manipulate trade through high tariffs-and that should be corrected because it causes a large trade imbalance. Thailand needs to stop living off foreign countries and foreigners. Start by changing the education system, laws, legal system, corruption... Correct the laws so foreign companies can play on a level playing field. Educate the citizens to think analytically, and freely-invest in IT education...and hundreds of other things Link to comment Share on other sites More sharing options...
Peterphuket Posted July 23, 2020 Share Posted July 23, 2020 7 hours ago, timendres said: Those notes will be valid for a long time. No worries. He really worries looks like, I think he have a lot Thai banknotes with King number 9, which he cannot account for. Link to comment Share on other sites More sharing options...
CNXexpat Posted July 23, 2020 Share Posted July 23, 2020 It´s good for EURO owners now, because we get more Baht. Not so good for Dollar owners. But the EURO is increasing against the Dollar too. Link to comment Share on other sites More sharing options...
Eric Loh Posted July 24, 2020 Share Posted July 24, 2020 I will follow some of Thailand peer currencies to make a judgement of BOT's statement. As much as I can see, all peer currencies like the MYR, Peso, SD, Dong and Rupiahs are also moving in the same trend as Baht. If there are peer currencies that has devalued much, that will be the MYR, Dong and SD which are under US monitoring list. Link to comment Share on other sites More sharing options...
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