Exchange rate baht vs. dollar

[riclag]

Even the Covid crisis  in Thailand ,doesn't effect the post 2014 Thai Bht exchange rate ! ????

 Todays TT buying rate 31.11 

 

[mikebike]

I must assume the you are referring to the U.S. dollar. Are you aware that the baht is directly tethered to the U.S. dollar? Therefore has less movement in relation to the U.S. dollar. For other "dollars" the baht has dropped significantly over the last year.

[riclag]

US dollar vs Thai baht exchange rate 

[ezzra]

Not the THB to AUD though that seems to be only getting stronger at 24.5 THB to AUD for no reasons what so ever and no one knows when it will go softer...

[Susco]

27 minutes ago, riclag said:

Even the Covid crisis  in Thailand ,doesn't effect the post 2014 Thai Bht exchange rate ! 

 

You think it would help if the US would print a few Trillion USD more?

[Kwasaki]

Where are the Brit brexit remainers and the 25 to £ are they hiding. 

I got 44.77 on my UK pension last week. ????

[AquaThai]

Heres some food for thought... if a country is placed on a currency  manipulation  watch list, can that country actually  borrow money, or is the watch list just a fake list?

[gearbox]

3 hours ago, ezzra said:

Not the THB to AUD though that seems to be only getting stronger at 24.5 THB to AUD for no reasons what so ever and no one knows when it will go softer...

The other name for AUD is "China's proxy". When the Chinese are doing well, AUD is going up. Last year nearly 40% of all exports went to China.

 

https://www.abs.gov.au/articles/australias-trade-goods-china-2020

 

The yuan is also at 3 years high against the USD.

[BenDeCosta]

Considering what's going on in the US right now, I think 31 is pretty damn good.

 

The US Dollar is only going to weaken under Biden.

[1FinickyOne]

18 hours ago, riclag said:

Even the Covid crisis  in Thailand ,doesn't effect the post 2014 Thai Bht exchange rate !

Are you not taking into account the covid crisis in the USA? 

[tonray]

14 hours ago, BenDeCosta said:

The US Dollar is only going to weaken under Biden.

How much did it strengthen under Trump ?

[Skeptic7]

18 hours ago, mikebike said:

Are you aware that the baht is directly tethered to the U.S. dollar?

Can you elaborate on this point please? THB peg to USD ended in 1997. USD has lost roughly 25% against THB over past 20 years and approx 12% over past 5 years. 

[1FinickyOne]

18 minutes ago, Skeptic7 said:

Can you elaborate on this point please? THB peg to USD ended in 1997. USD has lost roughly 25% against THB over past 20 years and approx 12% over past 5 years. 

oh sure ,sure, - I didn't know you were allowed to use facts and reality here... 

[ExpatOilWorker]

- 90% of GDP household debt.

- Government take 500 billion baht emergency loan.

- Increase in Covid, while the US is decreasing. 

- 6 million unemployed.

- Tourist sector hibernating.

 

Lots going on against the baht, but it stay strong.

Exports have been a bright spot lately and that is apparent enough to keep it around 31.

I am also hoping for 31.5, but sadly it did not happen.

[elgenon]

1 hour ago, Skeptic7 said:

Can you elaborate on this point please? THB peg to USD ended in 1997. USD has lost roughly 25% against THB over past 20 years and approx 12% over past 5 years. 

Yes, duh. If it were pegged, the exchange rate wouldn't fluctuate at all would it? 

[rwill]

It was below 30 last year for awhile.

[mikebike]

1 hour ago, Skeptic7 said:

Can you elaborate on this point please? THB peg to USD ended in 1997. USD has lost roughly 25% against THB over past 20 years and approx 12% over past 5 years. 

Yikes... I was way outta date!!

Mea culpa!

[shackleton]

Yes good news on the pound sterling to the Thai baht now at

44 

Looking forward to when it gets to over the 50

Will think about transferring  some pounds from the UK ????

[Old Croc]

22 hours ago, ezzra said:

Not the THB to AUD though that seems to be only getting stronger at 24.5 THB to AUD for no reasons what so ever and no one knows when it will go softer...

 

[redneck]

21 hours ago, BenDeCosta said:

Considering what's going on in the US right now, I think 31 is pretty damn good.

 

The US Dollar is only going to weaken under Biden.

Yes because of tRUMPS policy's

[Susco]

21 hours ago, BenDeCosta said:

Considering what's going on in the US right now, I think 31 is pretty damn good.

 

The US Dollar is only going to weaken under Biden.

You forgot that the US Dollar has strengthened by approx 10% against the Thai Baht, since the previous clown left the White House

[farangkinok]

USD/THB point & figure chart 1997-present

 

[rumak]

On 5/27/2021 at 1:00 PM, Susco said:

 

You think it would help if the US would print a few Trillion USD more?

 

It should be called   amazing america !       how they get away with the endless dropping of paper money from helicopters is indeed amazing.        

good thing all those mericans living in million dollar 2 bedroom houses don't sell up and

come live here !   ( nah,  they couldn't handle it    ???? )

[RafPinto]

At my local 7/11, I pay in Bitcoin. No ploplem.

[riclag]

6 hours ago, ExpatOilWorker said:

- 90% of GDP household debt.

- Government take 500 billion baht emergency loan.

- Increase in Covid, while the US is decreasing. 

- 6 million unemployed.

- Tourist sector hibernating.

 

Lots going on against the baht, but it stay strong.

Exports have been a bright spot lately and that is apparent enough to keep it around 31.

I am also hoping for 31.5, but sadly it did not happen.

Your getting it !

The covid crisis hasn't effected the baht strength  even with tourism revenue and unemployment figures  way down ! You would think that the bht vs the USA dollar would be 33 or higher imop

[ExpatOilWorker]

20 minutes ago, farangkinok said:

USD/THB point & figure chart 1997-present

 

Crazy to think we had 36 in 2016 and a country in chaos.  The future at that time surely look like 40, but.......now we are at 31'ish.

[ChrisKC]

Sort of on topic

 

I have my VPN defaulted to UK but when buying something from the Internet I have discovered in current times that changing back to Thailand (where it may come up in $US or already exchanged to Baht) to make a purchase, I am charged the dollar to Baht. When exchanging GBP to Thai Baht or $US there is a difference even worthwhile to enjoy for something as little as B500 that would otherwise be exchanged from GBP to B600. On larger purchases the savings are substantial.

 

That's a bit wordy - hope you get my point!

[Rimmer]

A troll post and a reply have been removed

[Thomas J]

3 hours ago, Ireland32 said:

Ivanka and Kushner walked with 800 million , who do you think pays taxes the 1% ridiculous 

According the IRS the 1% pay the most.  The left pushes the narrative that somehow the upper income groups don't pay "their fair share"   That is bull pucky.   The top 1% pay 37.3 which is more than the bottom 90%.  combined.  And that is not "progressive" 





 

[Thomas J]

I am sure if the USA just continues to open up the presses and create out of thin air a few more trillion dollars they can drive the U.S. dollar to Baht exchange rate to new lows. 

Currency inflation is good for the country who is a borrower.  That means they pay back in dollars that are worth less than at the time they borrowed them.