ourdon Posted July 20, 2021 Share Posted July 20, 2021 (edited) I note with interest that the ADB (Asian Development Bank) has lowered this years forecast for Thailand from 3% to 2%.. That makes it the lowest forecast for any Asean country. Also next years forecast rising to the dizzying heights of second from bottom is conditional on a successful vaccine rollout and the effective staged opening of the various parts of the economy including tourism. Yeah, I think I'll hold off on buying Baht for a bit Edited July 20, 2021 by ourdon 1 Link to comment Share on other sites More sharing options...
Chivas Posted July 31, 2021 Share Posted July 31, 2021 (edited) Dropping sharply now This will be 35 by end of September heading towards 36 with Covid now out of control Edited July 31, 2021 by Chivas Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted July 31, 2021 Share Posted July 31, 2021 13 hours ago, Chivas said: Dropping sharply now This will be 35 by end of September heading towards 36 with Covid now out of control It has kind of paused just under 33. Might be a slow crawl uphill from now on. Link to comment Share on other sites More sharing options...
Popular Post nkg Posted July 31, 2021 Popular Post Share Posted July 31, 2021 6 months ago, I remember reading that Thailand's exports were very strong. I looked into it a little more closely, and discovered that it was Thailand's "gold exports" that were leading the boom. Sounds great. Except ... Thailand doesn't have any active gold mines. The "gold exports" were ordinary Thai people selling their gold to generate emergency cash. 3 2 Link to comment Share on other sites More sharing options...
Popular Post Chivas Posted August 4, 2021 Popular Post Share Posted August 4, 2021 Breached 33 and holding. Clear skies to 33.5 now clearly 20,000 infections today is unnerving traders 4 Link to comment Share on other sites More sharing options...
Sticky Rice Balls Posted August 4, 2021 Share Posted August 4, 2021 Your Move Thailand....pain is a motivator. 2 Link to comment Share on other sites More sharing options...
Rinrada Posted August 4, 2021 Share Posted August 4, 2021 34 minutes ago, Sticky Rice Balls said: Your Move Thailand....pain is a motivator. ....whatever one wishes for I hope this does NOT Happen...????♂️..Thailand, Georgia and Iran are likely candidates to be Moved to the UK government’s red list of “high risk” countries at the upcoming review of International Travel rules, according to "experts"?. The next announcement is expected to take place on 5 August as part of the Department for Transport’s tri-weekly update of the travel traffic light lists. Independent data flagged the three destinations as potential red list additions due to soaring Covid-19 infections, with Thailand and Iran both surpassing their previous records for total new daily cases. There are already 60 countries on the Red list, with government guidance stating that people “should Not travel to red list countries or territories”. 1 Link to comment Share on other sites More sharing options...
Rinrada Posted August 5, 2021 Share Posted August 5, 2021 20 hours ago, Rinrada said: ....whatever one wishes for I hope this does NOT Happen...????♂️..Thailand, Georgia and Iran are likely candidates to be Moved to the UK government’s red list of “high risk” countries at the upcoming review of International Travel rules, according to "experts"?. The next announcement is expected to take place on 5 August as part of the Department for Transport’s tri-weekly update of the travel traffic light lists. Independent data flagged the three destinations as potential red list additions due to soaring Covid-19 infections, with Thailand and Iran both surpassing their previous records for total new daily cases. There are already 60 countries on the Red list, with government guidance stating that people “should Not travel to red list countries or territories”. Looks like Thailand is still on UKs Amber list..good..Also Bahrain,UAE and India...now Amber (from red)...so Gulf Air,Etihad and Emirates are a go....dee mak.. 1 Link to comment Share on other sites More sharing options...
Chivas Posted August 5, 2021 Share Posted August 5, 2021 Still weakening out......all the way to 35 please ! 1 Link to comment Share on other sites More sharing options...
Globaleyes Posted August 5, 2021 Share Posted August 5, 2021 On 3/16/2021 at 9:12 AM, Advocate said: The British rupee? GBP 1 = 42.49 THB a long way from 75. There is no possibility of a resurgence of the British rupee. The opposite is more likely as Brexit unravels further. What? Are you saying that any serious investor hasn't already priced that in? That they would wait until it happens before they sell? Link to comment Share on other sites More sharing options...
Chivas Posted August 5, 2021 Share Posted August 5, 2021 Weaker and weaker by the hour (or stronger depending on your point of view !) 1 1 Link to comment Share on other sites More sharing options...
Chivas Posted August 7, 2021 Share Posted August 7, 2021 (edited) That was a catastrophic week for the Baht against its benchmark. Further words superfluous Edited August 7, 2021 by Chivas 2 Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted August 20, 2021 Share Posted August 20, 2021 Nomura expects the baht to weaken to 34 to the dollar in the near term, supported by a more pro-growth central bank that’s likely to lower its key rate. The fiscal deficit will balloon to 10.1% in the year ending September, from 6.4% the previous fiscal, as tax revenue trails target and the government borrows more to fund virus stimulus, according to Nomura. The public debt-to-GDP ratio may be raised to 70% next month to meet the need for greater borrowing. https://finance.yahoo.com/news/thailand-first-twin-deficit-nearly-210000490.html 1 Link to comment Share on other sites More sharing options...
whiteman Posted August 21, 2021 Share Posted August 21, 2021 pound now only 45. 42 a drop of 1.7% usa $33.34 holding up quite well 1 Link to comment Share on other sites More sharing options...
Chivas Posted August 21, 2021 Share Posted August 21, 2021 5 hours ago, whiteman said: pound now only 45. 42 a drop of 1.7% usa $33.34 holding up quite well Yes drop to 45.42 is purely Sterling/Dollar related unfortunately. Baht though virtually unchanged last couple weeks bouncing around the 33.30 mark Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted August 24, 2021 Share Posted August 24, 2021 You take your eyes off the ball for a split second and the baht is up to it old tricks again. 1 Link to comment Share on other sites More sharing options...
tonray Posted August 25, 2021 Share Posted August 25, 2021 3 hours ago, ExpatOilWorker said: You take your eyes off the ball for a split second and the baht is up to it old tricks again. It's because the Federal Reserve stubbornly refuses to even discuss raising interest rates..before you know it...the next crisis will be upon us giving them another reason to keep rates near zero. 1 Link to comment Share on other sites More sharing options...
EricTh Posted August 25, 2021 Share Posted August 25, 2021 The Baht has gone up again.... hooray for some 1 Link to comment Share on other sites More sharing options...
Chivas Posted August 26, 2021 Share Posted August 26, 2021 (edited) On 8/25/2021 at 2:05 AM, EricTh said: The Baht has gone up again.... hooray for some Heavily being bought by the Thais on the forex markets using huge Foreign Currency Reserves to prop it up Nothing to do with the Fed and its interest rates as indicated on thread The only point is how long they will do it for this time......couple weeks ago they did it for 3 days immediately stopped and the Baht weakened again Simply depends on how much they want to "waste" in the market. I have little doubt it wont last long Edited August 26, 2021 by Chivas 1 Link to comment Share on other sites More sharing options...
EricTh Posted August 26, 2021 Share Posted August 26, 2021 (edited) 1 hour ago, Chivas said: Heavily being bought by the Thais on the forex markets using huge Foreign Currency Reserves to prop it up Nothing to do with the Fed and its interest rates as indicated on thread The only point is how long they will do it for this time......couple weeks ago they did it for 3 days immediately stopped and the Baht weakened again Simply depends on how much they want to "waste" in the market. I have little doubt it wont last long Who are the 'Thai' that you mentioned? Are they the Central Bank of Thailand or just ordinary Thai? Edited August 26, 2021 by EricTh Link to comment Share on other sites More sharing options...
Chivas Posted August 26, 2021 Share Posted August 26, 2021 5 hours ago, EricTh said: Who are the 'Thai' that you mentioned? Are they the Central Bank of Thailand or just ordinary Thai? I really shouldn't take the bait but what do you think....? Link to comment Share on other sites More sharing options...
Chivas Posted September 13, 2021 Share Posted September 13, 2021 Baht starting to weaken out again after previously gaining strength against the USD Straight out to 32.90 and a sharp weakening today 1 Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted September 13, 2021 Share Posted September 13, 2021 1 hour ago, Chivas said: Baht starting to weaken out again after previously gaining strength against the USD Straight out to 32.90 and a sharp weakening today The past 20 days strong run for the baht was a bit premature. The Delta force is with us again so let's aim for 33.5 this time around. 2 Link to comment Share on other sites More sharing options...
billd766 Posted September 13, 2021 Share Posted September 13, 2021 On 3/16/2021 at 9:20 AM, ExpatOilWorker said: This report forecast a stronger baht, so maybe enjoy the 30+ to the US$ for as long as it last, soon it could be 29 again. Danish Mgt_Macroecon Update_March 15, 2021 by Dr Kirida TDRI.pdf 2.04 MB · 20 downloads I doubt that there any financial people in the world who can see past 2021 with any degree of accuracy. Who among them predicted the 2008 crash, Brexit etc? Also most financial "experts" are employed to work in companies. If they were any good they would be working for themselves and be billionaires by now. Link to comment Share on other sites More sharing options...
Isaan sailor Posted September 13, 2021 Share Posted September 13, 2021 About time the Baht behaves. Expats have suffered too long. 1 Link to comment Share on other sites More sharing options...
billd766 Posted September 13, 2021 Share Posted September 13, 2021 On 3/16/2021 at 4:12 PM, Advocate said: The British rupee? GBP 1 = 42.49 THB a long way from 75. There is no possibility of a resurgence of the British rupee. The opposite is more likely as Brexit unravels further. Wise this morning gave forex rate of thb/GBP of 45.3352. I have no idea where or when you got the rate of GBP 1 = 42.49 THB from. AFAIR the rupee has never been the currency in the UK. 1 Link to comment Share on other sites More sharing options...
billd766 Posted September 13, 2021 Share Posted September 13, 2021 (edited) On 6/18/2021 at 1:38 AM, Rinrada said: Thought the Pound might have hit 45...but no...just looking now at 43.80 down approx 1 baht from a few weeks ago...Stayed at 44 for almost a month..Roll on tomorrow...Never be the same as 97...in 97 way back..again but all in the lap of the gods ....MPR.. At 7:30 this evening the forex rate GBP/THB was this. https://wise.com/gb/currency-converter/gbp-to-thb-rate?amount=1 1.00000 GBP = 45.53590 THB. That is up from 11am this morning. It peaked on August 6th at 46.4633 On 31st December 2020 it was 40.6576. A big upturn in less than 9 months. I transfer my pensions via a Wise borderless account. Edited September 13, 2021 by billd766 Added extra text Link to comment Share on other sites More sharing options...
Scott Posted September 13, 2021 Share Posted September 13, 2021 Off-topic posts reported and removed along with replies. The topic is not about Brexit. Link to comment Share on other sites More sharing options...
KhunBENQ Posted September 14, 2021 Share Posted September 14, 2021 Euro is also back on the right track, 38.89 now. 14 hours ago, billd766 said: I transfer my pensions via a Wise borderless account. Same to me. A mate has his pension directly paid to his Thai bank account. And again the Euro had dropped significantly before months end (almost touched 38) 1 Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted September 17, 2021 Share Posted September 17, 2021 Another week and we should have this strange dip behind us. Link to comment Share on other sites More sharing options...
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