Sticky Rice Balls Posted August 26, 2021 Share Posted August 26, 2021 9 minutes ago, Isaan sailor said: HiSo's have a continuing need for the latest and greatest western cars, you know. Dont forget the latest Iphone is coming out! I figured if anything would get the boys motivated to do something would be when the baht started to slip.. Link to comment Share on other sites More sharing options...
Moonlover Posted August 26, 2021 Share Posted August 26, 2021 1 hour ago, nchuckle said: 19 hours ago, Moonlover said: The Thai Baht cannot rise against one other currency and not the rest of them. It's all or nothing (unless one of the other ones fall of course, which can happen) 1 hour ago, nchuckle said: Yes it can! Currencies often move independent of each other for their own reasons. To ascertain a single currency’s performance it’s measured (and averaged) against a set basket of currencies. I was trying to keep it simple. The O/P doesn't seem to be clued up on currency movements. ???? 1 Link to comment Share on other sites More sharing options...
NoshowJones Posted August 26, 2021 Share Posted August 26, 2021 22 hours ago, david555 said: But that does not explain baht wins also on € & Pound and other currencies I have noticed that the baht strengthens whenever the Cvirus statistics go up and weakens when things improve a bit, things are easing off a little bit now, so the baht is getting stronger. 1 Link to comment Share on other sites More sharing options...
peter48 Posted August 26, 2021 Author Share Posted August 26, 2021 4 hours ago, shackleton said: I would think the pound to the American Dollar is the key a few months. Back $1.43. This week $1.37.50 The pound hovering around this price range hopefully not heading south In the coming days / weeks Yes , over the yrs I have heard & read the pound/dollar rate is quite important in deciding pound/baht rate. But this view of course minimises the state of Thailand as with Covid figures & worryingly very low vaccine rates but I guess Thailand has currency reserves etc Link to comment Share on other sites More sharing options...
1FinickyOne Posted August 26, 2021 Share Posted August 26, 2021 23 hours ago, david555 said: so same for the commenting on it then ...? if you don't want comments, why would you post? Link to comment Share on other sites More sharing options...
david555 Posted August 26, 2021 Share Posted August 26, 2021 (edited) 10 minutes ago, 1FinickyOne said: if you don't want comments, why would you post? where do i write i don't like comments ....????? Contrary ....as else i can not re-react ???? More like you do not like a comment seeing your reaction on my line ???? Edited August 26, 2021 by david555 Link to comment Share on other sites More sharing options...
earlinclaifornia Posted August 26, 2021 Share Posted August 26, 2021 7 hours ago, Presnock said: I am no expert when it comes to currency fluctuations but I also think logically and can look at past data based on my many years here in LOS. I notice that for the most part, at the end of one month and the first few days of the following month, the local currency gets strong so foreign currencies can't get as good an exchange. Then as the month moves on, the local currency will dive again until near the end of that month. This has been happening more often than not. I also figure that most ex-pats would be transferring monies upon receipt from funds/organizations at the beginning of each month vice changing funds throughout the month. But, like I said I am no expert but it looks to me like someone might be fudging the numbers for local currency strength. I read somewhere sometime back that Thailand is considered a monetary manipulator. I have nothing solid to verify. 1 Link to comment Share on other sites More sharing options...
sandyf Posted August 26, 2021 Share Posted August 26, 2021 6 hours ago, shackleton said: I would think the pound to the American Dollar is the key a few months. Back $1.43. This week $1.37.50 The pound hovering around this price range hopefully not heading south In the coming days / weeks Quite. Following the financial crisis in the 90s Thailand put a lot of it's reserves into USD so wherever the dollar goes the baht will follow. Link to comment Share on other sites More sharing options...
1FinickyOne Posted August 26, 2021 Share Posted August 26, 2021 On 8/25/2021 at 3:42 PM, david555 said: so same for the commenting on it then ...? On 8/25/2021 at 3:46 PM, david555 said: was not meant on my commenting only ....???? I guess you have me suitably confused... 1 Link to comment Share on other sites More sharing options...
digger70 Posted August 26, 2021 Share Posted August 26, 2021 Yes it has slightly But not to worry that's what happens all the time . Sometimes it goes Up .Sometimes it goes Down,Ohh like something else I know. ???? Link to comment Share on other sites More sharing options...
david555 Posted August 26, 2021 Share Posted August 26, 2021 (edited) 2 hours ago, sandyf said: Quite. Following the financial crisis in the 90s Thailand put a lot of it's reserves into USD so wherever the dollar goes the baht will follow. no ! , more like.... :" only married for better .... not for worse..." ???? Edited August 26, 2021 by david555 Link to comment Share on other sites More sharing options...
david555 Posted August 27, 2021 Share Posted August 27, 2021 (edited) It goes good direction for my personal expectations .... € loosing so THb winning again a bit Edited August 27, 2021 by david555 Link to comment Share on other sites More sharing options...
chocdee120 Posted August 28, 2021 Share Posted August 28, 2021 Because the currency is manipulated. Link to comment Share on other sites More sharing options...
Neeranam Posted August 29, 2021 Share Posted August 29, 2021 When other countries, like USA for example printing trillions, the currencies like baht are going to benefit. Link to comment Share on other sites More sharing options...
ballpoint Posted August 29, 2021 Share Posted August 29, 2021 (edited) On 8/26/2021 at 4:12 PM, sandyf said: Quite. Following the financial crisis in the 90s Thailand put a lot of it's reserves into USD so wherever the dollar goes the baht will follow. But, seeing the highly likely prospect of the US attempting to inflate its debt away sooner rather than later, Thailand, and a few other places with strong USD reserves, is actively buying gold in order to decouple the Baht from the dollar to protect it when the latter takes its inevitable crash. Edited August 29, 2021 by ballpoint 1 Link to comment Share on other sites More sharing options...
david555 Posted August 30, 2021 Share Posted August 30, 2021 (edited) it is going the good direction for my baht to change €....???? but not yet good enough yet ,.... come on Teflon baht up to the previous Thai covid 19 disaster 36/35 To € rating Edited August 30, 2021 by david555 Link to comment Share on other sites More sharing options...
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