USD -Baht

[riclag]

Will the baht hit 34+ ,before the years out ? According to this projection ,the curve is gonna flatten !

Wishing this is wrong ! 

https://tradingeconomics.com/thailand/currency

 

Edited July 9, 2021 by riclag

[Tanomazu]

In the shorter term the USD will fall against the THB, but longer term the dollar could recover as that is the direction the Fed is going due to inflation in the US, strengthening the dollar.

[KannikaP]

More importantly, what are the Euromillions numbers for tonight, and who will win Euro 2020 on Sunday. You have just about the same chance of getting the correct answer.   555

[Tanomazu]

3 hours ago, KannikaP said:

More importantly, what are the Euromillions numbers for tonight, and who will win Euro 2020 on Sunday. You have just about the same chance of getting the correct answer.   555

Which is of course why nobody invests in shares, trades currencies etc....How utterly impossible.

[KannikaP]

8 minutes ago, Tanomazu said:

Which is of course why nobody invests in shares, trades currencies etc....How utterly impossible.

555 means it was to be taken as a JOKE !

[thailand49]

Long or short term maybe it will go high the way the virus numbers daily.????

[malathione]

17 hours ago, Tanomazu said:

In the shorter term the USD will fall against the THB, but longer term the dollar could recover as that is the direction the Fed is going due to inflation in the US, strengthening the dollar.

I concur. Expect the dollar to weaken and gold to go up in the short/mid term.

[tonray]

I hope we get higher...planning a car purchase around December so any move higher is welcome.

[itsari]

16 hours ago, KannikaP said:

555 means it was to be taken as a JOKE !

There was I thinking that the US dollar will reach 55.5 baht 

[CANSIAM]

Great to see it nudging above 32, continue on please !! 

[NCC1701A]

When J.P. Morgan pushes the button on Thailand you will see some action. 

 

until then go back to sleep.

[khunjeff]

If I knew the answer to that, I would be reading MonacoVisa instead of ThaiVisa.

[Rawairat]

A definite yes and higher....................I hope!!!

 

[Thailaw]

21 hours ago, Tanomazu said:

In the shorter term the USD will fall against the THB, but longer term the dollar could recover as that is the direction the Fed is going due to inflation in the US, strengthening the dollar.

This is exactly opposite of what will IMO happen. In the short term (i.e., now) the Dollar is rising in relation to the Baht because the US economy is recovering and the Thai economy is not, due to incredibly poor management of the virus by the Thai government ("lock it down, lock it down; vaccine? -- don't worry, its coming"). The US government is spending and the Fed is printing Dollars in reckless quantities. This will in a relatively short period of time devalue the US Dollar. Inflation does not "strengthen" the Dollar -- higher interest rates and relatively low inflation in the US strengthen the Dollar. The Fed may need to reduce quantitative easing of the Dollar to curb inflation and thereby increase interest rates (which would increase the value of the Doller in relation to other currencies), but this is unlikely with the current liberal/spend crazy Biden/Yellen administration.  The Fed is likely to accept higher inflation and continued low (near zero) interest rates to avoid a crash of the US stock market which is virtually certain to occur if the Fed raises interest rates significantly (it may happen any way). So, long term (1+ year from now), assuming that Thailand gets the virus/vaccination and tourism moving in the right directions and "re-opens" Thailand to foreign tourists, the Baht will/can be expected to strengthen against the US Dollar. The downward spiral of the US Dollar is virtually cast in stone, the real issue is the value of the Thai Baht and when it will rise. 

[farangkinok]

The Mystic Seer knows ...

 

[sucit]

If it gets a little higher than where it is now, it could really take off. Dollar milkshake theory. 

[Isaan sailor]

A lot depends on the Fed.  Taper the bond purchases, then slowly increase interest rates—and the USD will strengthen.  And Congress will need to reign in their drunken sailor spending. Conversely, if it’s all talk and no action by the Fed—we’ll revisit 31.xx or worse.

[earlinclaifornia]

I read all the comments and my own thought is the dollar is strengthening. So if that is true then yes, the baht hit 34+ ,before the years out. 

Edited July 10, 2021 by earlinclaifornia

[Chivas]

Some need to stop being concerned over the Dollar "strength" (or weakness for that matter)

This weakening is all about the Baht and the Baht alone against its benchmark USD

 

Covid reality is hitting home and foreign currency reserves are starting to deplete (albeit they are still high) and with a lockdown coming 99% and at least 1 year of desperation inbound or longer this could easily move out to 35 in very short order

[Rulie]

Race to the bottom, most central banks and countries are printing like crazy. Anyone's guess who wins. buy gold

[anchadian]

The baht opened at 32.67 to the US dollar on Tuesday, weakening from Monday’s closing rate of 32.65

The Thai currency is likely to move between 32.60 and 32.75 during the day, Krungthai Bank market strategist Poon Panichpibool said.

 

Poon said that foreign investors had decided to sell their assets in Thailand due to uncertainty caused by the Covid-19 situation in the country. He said this situation would lead to a gradual weakening of the baht.

 

https://www.nationthailand.com/business/40003174