nauseus Posted July 30, 2021 Share Posted July 30, 2021 1 hour ago, Nong Khai Man said: But It DOES..... Max daily swing that day was 0.3% - not exactly going to stop the earth's rotation is it? If you had 200 bucks and bought 100 dollars worth of baht at the top and then at the bottom, the difference received would be 10 baht. I never mentioned "changing" money anyway. 1 Link to comment Share on other sites More sharing options...
MyFriend You Posted July 31, 2021 Share Posted July 31, 2021 On 7/28/2021 at 2:13 AM, Isaan sailor said: From 32.94 to 32.84. Looks like 10 Satang to me. Down 10 Satang, yes. "Trouncing???" Naaah come back in 4 weeks. ???? 1 Link to comment Share on other sites More sharing options...
MyFriend You Posted July 31, 2021 Share Posted July 31, 2021 On 7/26/2021 at 10:05 PM, GroveHillWanderer said: According to fxtop.com, it never got above 80 at any point in 1997. They show that its highest ever rate was just below 91 (90.6745) in January 1998. Pound to baht historical exchange rates These may be delayed or unofficial rates - (the happy face scares me). I too received 100 baht per $$ Travellers Cheques and 100$$ bills in China Town at my favorite Gold Store, I exchanged $14000 and got B1.4 Mil.............I take graphs like these with a grain of salt as one more, different site, will show different graph and a different rate.............I only know what I did. Hey, the first few days after the crash, mid-July 97, the hotels were still trying to bilk people for 25 baht a dollar!!................Peace Link to comment Share on other sites More sharing options...
nauseus Posted July 31, 2021 Share Posted July 31, 2021 59 minutes ago, TunnelRat69 said: These may be delayed or unofficial rates - (the happy face scares me). I too received 100 baht per $$ Travellers Cheques and 100$$ bills in China Town at my favorite Gold Store, I exchanged $14000 and got B1.4 Mil.............I take graphs like these with a grain of salt as one more, different site, will show different graph and a different rate.............I only know what I did. Hey, the first few days after the crash, mid-July 97, the hotels were still trying to bilk people for 25 baht a dollar!!................Peace I guess that gold shop is no more then. ???? Link to comment Share on other sites More sharing options...
johnarth Posted August 1, 2021 Share Posted August 1, 2021 On 7/26/2021 at 9:39 PM, AwwYesNice1 said: Waiting for the baht to tank and then I'm buying back in. me too I watch the stock exchange every day, share prices still going down Link to comment Share on other sites More sharing options...
Thunglom Posted August 1, 2021 Share Posted August 1, 2021 (edited) On 7/27/2021 at 3:29 AM, Mac Mickmanus said: You didn't leave the E.U which is why your currency hasn't risen by 20 % . Does the U.S.A have something similar to the E.U that they could leave ? you are 100% incorrect - at one point the pound was in parity with the Euro. since the referendum 2016, it's dropped by about 20%. Edited August 1, 2021 by Thunglom Link to comment Share on other sites More sharing options...
Thunglom Posted August 1, 2021 Share Posted August 1, 2021 cheap at is good for visitors and expats on fixed external incomes.......but nowhere near as good as it was 15 years ago. Those being paid in baht may be <deleted> off as there invest/retirement funds will take a dive. however for the Thai economy cheaper baht can mean cheaper exports and more expensive imports - Thai economy relies a lot on exports so it may well help them recover from Covid. The other side of the coin is that it also reflects the international view of Thailand's prospects of recovery - i.e. NOT GOOD. 2 Link to comment Share on other sites More sharing options...
metisdead Posted August 1, 2021 Share Posted August 1, 2021 Some inflammatory posts and replies have been removed. 1 Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted August 1, 2021 Share Posted August 1, 2021 1 hour ago, Thunglom said: you are 100% incorrect - at one point the pound was in parity with the Euro. since the referendum 2016, it's dropped by about 20%. We were talking about U.S $ , we werent talking about the Pound or the Euro Link to comment Share on other sites More sharing options...
Thunglom Posted August 1, 2021 Share Posted August 1, 2021 2 hours ago, Mac Mickmanus said: We were talking about U.S $ , we werent talking about the Pound or the Euro Oh dear....never mind - probably wrong anyway. Link to comment Share on other sites More sharing options...
Popular Post scubascuba3 Posted August 25, 2021 Popular Post Share Posted August 25, 2021 The last week or so Thai baht has got stronger against other currencies, I can't see any good reason for it? maybe govt support? 5 Link to comment Share on other sites More sharing options...
Isaan sailor Posted August 25, 2021 Share Posted August 25, 2021 30 minutes ago, scubascuba3 said: The last week or so Thai baht has got stronger against other currencies, I can't see any good reason for it? maybe govt support? I agree. Government doesn’t want the label, Asia’s worst performing currency”. So now we have Asia’s best weekly performing currency. It’s insane. 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted August 25, 2021 Share Posted August 25, 2021 (edited) 1 hour ago, scubascuba3 said: The last week or so Thai baht has got stronger against other currencies, I can't see any good reason for it? maybe govt support? EUR/THB was actually quite stable around 39 until yesterday morning (August 24). And just now another dive for the EUR/THB. Edited August 25, 2021 by KhunBENQ 1 Link to comment Share on other sites More sharing options...
JayBird Posted August 25, 2021 Share Posted August 25, 2021 (edited) 1 hour ago, scubascuba3 said: The last week or so Thai baht has got stronger against other currencies, I can't see any good reason for it? maybe govt support? It had a drop followed by a quick rebound. There was no significant news or economic event to fuel this. Could be outside influence (a bank, firm, etc.) making large transactions/bets. But nothing that the fundamentals should support. This week there was some positive economic data/news: -- Improved exports YoY: However, anyone who looks into this would realize that last year was very low. -- News about the economy potentially opening up: Again, anyone who is following this would not place too high of a value on this news. The only interesting things I see on the wire: 11:04:31 PM RTRS THAI CENTRAL BANK SAYS ECONOMY QUITE RESILIENT 10:49:02 PM RTRS THAI FINANCE MINISTER SAYS FISCAL POSITION REMAINS STRONG 10:48:49 PM RTRS THAI FINANCE MINISTER SAYS GOVT CAN RAISE DEBT TO GDP CEILING IF NEED BE 24 Aug - 01:59:48 AM RTRS Thailand to keep VAT unchanged at 7% for another two years Personally, I would not have thought this would result in a nearly 2% drop (now looking at USD/THB @ 32.72 with a -0.52%). Meanwhile at this moment, the .DXY is showing + 0.15% I would have to say there may be a strong possibility that there is influence not-fundamentally driven that is causing this. Edited August 25, 2021 by JayBird 2 Link to comment Share on other sites More sharing options...
KhunBENQ Posted August 25, 2021 Share Posted August 25, 2021 2 minutes ago, JayBird said: It had a drop followed by a quick rebound. Rebound didn't hold. Look at the diagram. Today more erosion. USD no different: Link to comment Share on other sites More sharing options...
scubascuba3 Posted August 25, 2021 Share Posted August 25, 2021 1 hour ago, KhunBENQ said: EUR/THB was actually quite stable around 39 until yesterday morning (August 24). And just now another dive for the EUR/THB. Over the last month, not that stable Link to comment Share on other sites More sharing options...
gk10012001 Posted August 25, 2021 Share Posted August 25, 2021 It should be hit hard. Thailand's governent is so corrupt, from a large scale investment point of view. And with a change in government on the horizon given the past history timeline of Thailand coups 2 Link to comment Share on other sites More sharing options...
mahtin Posted August 25, 2021 Share Posted August 25, 2021 Should have made that transfer on Monday instead of yesterday. Joys of forex. Link to comment Share on other sites More sharing options...
3NUMBAS Posted August 25, 2021 Share Posted August 25, 2021 it was always a house of cards with no substance 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted August 25, 2021 Share Posted August 25, 2021 When the USD, Euro, Pound and even the Chinese Yuan all fall in unison vs Thai Baht—it sure looks like intervention on the part of Bank of Thailand. When’s the last time these currencies nosedived together for 2%? Why defend the Baht? Face issue—don’t want label as SE Asia’s weakest currency? Pure lunacy. 2 Link to comment Share on other sites More sharing options...
mahtin Posted August 25, 2021 Share Posted August 25, 2021 Yes, Mr. P.M. 1 Link to comment Share on other sites More sharing options...
matchar Posted August 25, 2021 Share Posted August 25, 2021 Could it be the government are borrowing significant amounts of money from abroad? Perhaps they have been weakening the baht in preparation by importing lots of gold. 1 Link to comment Share on other sites More sharing options...
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