Thailand in turmoil the Baht will plummet or not ????

[nomad2019]

With the political situation in Thailand and all the protests what will happen to the Thai baht in the future I know every country is facing turmoil but I would like to know what will happen to the baht   

 

against the UK pound not the Euro or not the dollar only UK pound

 

thanks in advance

 

 

[Stocky]

 

Sorry my ball's gone all cloudy

[from the home of CC]

I don't see the baht going anywhere but I can't say the same for the other. 

Edited October 28, 2020 by from the home of CC

[from the home of CC]

2 minutes ago, Stocky said:

 

Sorry my ball's gone all cloudy

I got a vaccination to avoid that..

[nomad2019]

11 minutes ago, Stocky said:

 

Sorry my ball's gone all cloudy

hit yourself a pat on the back congratulate yourself for being the first one of the day ????????????????????????????

[Salerno]

42 minutes ago, nomad2019 said:

against the UK pound not the Euro or not the dollar only UK pound

 

Asking the wrong question; you should be looking at what the pound sterling is likely to do against the US$. That is what determines the rate against the Bhat.

Edited October 28, 2020 by Salerno

[EricTh]

Almost every country is in turmoil, so they are numb to this.

 

The Baht won't plummet or else it would have done so by now.

 

In fact, I foresee opening up tourism to Chinese will see the Baht getting stronger in the future.

 

Edited October 28, 2020 by EricTh

[Dumbastheycome]

For a very  long time many analysts  have tried to suggest that the  Asian economies will be positioned to stay strong comparatively to declining "accepted" western strongholds including  the $US.

The Thai  Baht has been an example of  stability despite political turmoils because it has remained productive.

Even now with the  global impact of the pandemic and even the resurgence of political agitations it continues  to maintain a relative stability .

The UK currency in a similar situation is and has been subsiding because there is no  basis to  claim stability on any  genuine premise. Brexit  introduced  it and  Covid-19 has accelerated  that by eliminating even viable identifiable destination of surviving  productivity.

[Susco]

1 hour ago, Salerno said:

 

Asking the wrong question; you should be looking at what the pound sterling is likely to do against the US$. That is what determines the rate against the Bhat.

 

And why would that be, because the Baht was decoupled from the US$ more than 20 years ago

[Salerno]

7 minutes ago, Susco said:

 

And why would that be, because the Baht was decoupled from the US$ more than 20 years ago

 

Because the US$ is a reserve currency.

 

Look at historical data,  it tends to be if the pound is up against the $ it's up against the Bhat, same as the reverse.

Edited October 28, 2020 by Salerno

[Barnabe]

I predict that it might go up or down

[RichardColeman]

4 hours ago, Salerno said:

 

Asking the wrong question; you should be looking at what the pound sterling is likely to do against the US$. That is what determines the rate against the Bhat.

If Biden wins I think the dollar will plummet - $ will not do good under far left Biden if he carries through all his policies. If we can sort out the Brexit issues, the dollar crashes and thailands baht finally gives up the ghost of the silly high rates, maybe we can get back to 55 to the £ ! So, in my mind the £ will go up in 6 months or so.

 

Course, biden might abandon his left wing promises when he sees the true cost and debt, brexit may go even more bits up and Thailand want a new sub.

[oldhippy]

4 minutes ago, RichardColeman said:

If Biden wins I think the dollar will plummet - $ will not do good under far left Biden if he carries through all his policies. If we can sort out the Brexit issues, the dollar crashes and thailands baht finally gives up the ghost of the silly high rates, maybe we can get back to 55 to the £ ! So, in my mind the £ will go up in 6 months or so.

 

Course, biden might abandon his left wing promises when he sees the true cost and debt, brexit may go even more bits up and Thailand want a new sub.

Wooow.

If wishfull thinking were an olympic disciplin, this post would get gold, silver and bronze.

[oldhippy]

Obviously, the combination of very low pensions and a strong baht makes some posters edgy.

[Scott]

Wow, I am not sure how everyone could jump from the Thai Baht to the Pound to Fishing in British waters.  It was interesting to read, but far, far off-topic. 

 

Please stick to the topic.

 

[techietraveller84]

Since history repeats itself, looking at the historical trends of the Baht vs Pound is a good start to predicting what's going to happen in the future. Especially now that 2020 and it's extreme unpredictability is almost over.

https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/gbp/GBP-to-THB

[Barnabe]

That chart means nothing, the pound is not going back to 70 to the baht. Doubtful it falls much further too, most likely it will stay where it is.

[Cat ji]

20 hours ago, RichardColeman said:

If Biden wins I think the dollar will plummet - $ will not do good under far left Biden

Biden "far left"?  ????  Far Left does not exist in USA.  You mean like "commie"?

 

PS:  When is The Great American Election Show going to be over?  [Why do] we all have to watch it?  Another sort of "reality show."

What a freak show it is.

[bartender100]

Pound will only get stronger as the shackles from the EU are finally off as its already priced in, might take a year or two. IMHO

[Barnabe]

Wishful thinking, given the COVID crisis and the no deal. Pound might get stronger in the long run as brexit uncertainty smooths out and the euro is a house of cards, but it will take years. For now it will stay where it is, slightly up or down.

[CorpusChristie]

18 hours ago, techietraveller84 said:

Since history repeats itself, looking at the historical trends of the Baht vs Pound is a good start to predicting what's going to happen in the future. Especially now that 2020 and it's extreme unpredictability is almost over.

https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/gbp/GBP-to-THB

 

   History doesnt repeat itself though , you cannot predict the future exchange rates going by the pasts exchange rates , its n0t a circle 

[gillap]

Hmm...you guys don't think the baht is manipulated??? All Thai economics are very bleak at best and the baht remains solid! Ask the Fed if they manipulate to keep the dollar sustainable...!

[shackleton]

Well with Boris announcing  a months lockdown over the Corivirus from next Thursday  and Brexit talks not going well

Plus the American election dependant who wins how the $ does

I think the pound  is going to have a interesting time coming up

[robblok]

20 minutes ago, gillap said:

Hmm...you guys don't think the baht is manipulated??? All Thai economics are very bleak at best and the baht remains solid! Ask the Fed if they manipulate to keep the dollar sustainable...!

Can i ask you what education you have had in economics ?

 

As long as Thailand exports more then it imports the demand for Baht stays high and so will the currency.  Just take a look at the Thai trade balance.

 

[robblok]

On 10/29/2020 at 8:53 PM, bartender100 said:

Pound will only get stronger as the shackles from the EU are finally off as its already priced in, might take a year or two. IMHO

Yes will take a few years to see the destruction Brexit did then the expats will be crying about being wrong. 

[Rimmer]

A cut and paste post post has been removed:

 

14) You will not post any copyrighted material except as fair use laws apply (as in the case of news articles). Please only post a link, the headline and the first three sentences.

[soalbundy]

The Baht itself won't change much on the FX but the pound will drop all by itself, a toxic mixture of Brexit, covid lockdowns and debt it can't afford.

[pennine]

On 10/28/2020 at 10:46 PM, Barnabe said:

I predict that it might go up or down

Are you an economist?

[CorpusChristie]

10 minutes ago, soalbundy said:

The Baht itself won't change much on the FX but the pound will drop all by itself, a toxic mixture of Brexit, covid lockdowns and debt it can't afford.

 

    You have no idea about how Brexit wil effect the UK economy anyway, this thread isnt about Brexit 

[transam]

1 hour ago, robblok said:

Yes will take a few years to see the destruction Brexit did then the expats will be crying about being wrong. 

Or not .....