Just now, Poet said:

That would make the cost of American women somewhat more competitive with Thai women.

 

What does US government want? 1$ = 1 THB?

 

Responding to the reply by Tomazbodner, I don't know what (if any) objective the USA has, I presume they would prefer Thailand's currency values to be generated honestly, but that's just a guess. Same as the IPR numbers, the human trafficking numbers etc etc. Thailand is not alone in wanting their numbers to reflect a false impression of reality, but I suspect the USA would rather it be otherwise...

18 minutes ago, ParkerN said:

 

What does US government want? 1$ = 1 THB?

 

Responding to the reply by Tomazbodner, I don't know what (if any) objective the USA has, I presume they would prefer Thailand's currency values to be generated honestly, but that's just a guess. Same as the IPR numbers, the human trafficking numbers etc etc. Thailand is not alone in wanting their numbers to reflect a false impression of reality, but I suspect the USA would rather it be otherwise...

What the US would like is for Thailand to remove trade tariffs and controls and import more. That would better balance their trade surplus/deficit and reduce their current account surplus thus preventing foreign currency from flowing into the foreign currency reserves and thereby keeping THB artificially high.

Well they hardly going to say anything else, it's obviously being manipulated, why would they admit it and risk further scrutiny.

Just now, Brierley said:

What the US would like is for Thailand to remove trade tariffs and controls and import more. That would better balance their trade surplus/deficit and reduce their current account surplus thus preventing foreign currency from flowing into the foreign currency reserves and thereby keeping THB artificially high.

 

Thanks. This is not my field of expertise so It's good to have some assistance from those who know better. As always.

 

Anyone know what has been happening with THB:USD over the past few weeks ?

In particular, the 4 skyscrapers.

 

On 4/19/2021 at 7:23 AM, ParkerN said:

What does US government want? 1$ = 1 THB?

 

On 4/19/2021 at 7:44 AM, Brierley said:

What the US would like is for Thailand to remove trade tariffs and controls and import more. That would better balance their trade surplus/deficit and reduce their current account surplus thus preventing foreign currency from flowing into the foreign currency reserves and thereby keeping THB artificially high.

 

Mai Cow Jai.

 

Can someone please explain what this is all about? On the one hand we have guys talking about the main complaint being the  Baht is artificially low, on the other hand we have guys talking about it being artificially high.

 

 

7 minutes ago, nausea said:

 

 

Mai Cow Jai.

 

Can someone please explain what this is all about? On the one hand we have guys talking about the main complaint being the  Baht is artificially low, on the other hand we have guys talking about it being artificially high.

 

 

Very simple. The subject matter generally is about manipulation of currency.  Now whilst some suggest it has been done to keep the baht high, and hence benefit those moving vast sums of money oversees, others are discussing monetary manipulation to keep the baht devalued, ie low ( that would obviously benefit those of us bringing money in, but we are just a drop in the ocean) for the export advantage it gives to Thai companies. 

 

Now is that clearer ?

22 minutes ago, nausea said:

 

 

Mai Cow Jai.

 

Can someone please explain what this is all about? On the one hand we have guys talking about the main complaint being the  Baht is artificially low, on the other hand we have guys talking about it being artificially high.

 

 

Currency manipulation implies to many people that somebody is fiddling with the exchange rates, that's not what's happening. The problem is the balance of trade surplus, Thailand exports far more than it imports and that means they end up with lots of foreign currency in the reserves. The existence of this increasing levels of foreign currency reserves, combined with low government debt, means the the Thai economy is viewed as very healthy and the FOREX sees the Baht as strong. If the trade/current Account surplus went away, ie, Thailand imported more, that would stop foreign currency flowing into the BOT reserves and the value of THB would weaken. EDIT. if you look at the preceding page you'll see my post with a graph that explains the three reasons why a currency can be included on the watch list.

22 hours ago, nausea said:

 

 

Mai Cow Jai.

 

Can someone please explain what this is all about? On the one hand we have guys talking about the main complaint being the  Baht is artificially low, on the other hand we have guys talking about it being artificially high.

 

 

The original article never ventures into any detail regarding the impact of such manipulation , nor the methodology of such manipulation. It’s almost as if the writer of the article approached it in the manner of ‘when did you stop hitting your wife?'.

 

I’m probably only 1 of a handful of people on this forum that has benefitted from the strong baht over the last few years. The majority of others who are without doubt suffering to some extent financially are looking for an answer and this article helps them focus their frustration.

 

Not that they can do anything about it unfortunately.